Zacks: Brokerages Expect Uxin Ltd (NASDAQ:UXIN) Will Announce Earnings of -$0.09 Per Share

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Equities analysts forecast that Uxin Ltd (NASDAQ:UXIN) will post earnings per share (EPS) of ($0.09) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Uxin’s earnings. Uxin reported earnings per share of ($0.03) in the same quarter last year, which suggests a negative year-over-year growth rate of 200%. The company is expected to issue its next earnings results before the market opens on Monday, September 23rd.

On average, analysts expect that Uxin will report full-year earnings of ($0.19) per share for the current financial year. For the next year, analysts anticipate that the firm will post earnings of $0.42 per share. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Uxin.

A number of analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Uxin from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research report on Friday, July 19th. ValuEngine upgraded shares of Uxin from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $6.94.

Uxin stock traded down $0.07 during mid-day trading on Friday, reaching $3.18. The company had a trading volume of 4,137 shares, compared to its average volume of 934,162. Uxin has a fifty-two week low of $1.41 and a fifty-two week high of $9.87. The company has a current ratio of 1.44, a quick ratio of 1.43 and a debt-to-equity ratio of 0.30. The company has a market cap of $944.42 million, a P/E ratio of -0.94 and a beta of -1.98. The business has a fifty day simple moving average of $2.63 and a 200 day simple moving average of $2.83.

A number of institutional investors have recently modified their holdings of UXIN. Envestnet Asset Management Inc. acquired a new stake in Uxin in the second quarter valued at approximately $55,000. Stevens Capital Management LP bought a new position in shares of Uxin during the first quarter valued at $67,000. Bank of America Corp DE raised its stake in shares of Uxin by 4,464.8% during the fourth quarter. Bank of America Corp DE now owns 21,500 shares of the company’s stock valued at $105,000 after acquiring an additional 21,029 shares during the last quarter. Sawtooth Solutions LLC raised its stake in shares of Uxin by 75.0% during the first quarter. Sawtooth Solutions LLC now owns 28,000 shares of the company’s stock valued at $106,000 after acquiring an additional 12,000 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Uxin during the second quarter valued at $148,000. Hedge funds and other institutional investors own 26.03% of the company’s stock.

Uxin Company Profile

Uxin Limited, through its subsidiaries, operates an used car e-commerce platform in China. It operates Uxin Used Car, an application that provides consumers with customized car recommendation, financing, title transfer, delivery, insurance referral, warranty and other related services; and Uxin Auction, an application that helps business buyers to source vehicles through online auctions.

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