Noah Holdings (NOAH) Announces Quarterly Earnings Results, Beats Estimates By $0.11 EPS
Noah Holdings (NASDAQ:NOAH) released its earnings data on Tuesday. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.11, Analyst Ratings.Net reports. The company had revenue of $71.40 million for the quarter, compared to the consensus estimate of $56.67 million.
On a related note, analysts at Zacks downgraded shares of Noah Holdings from an “outperform” rating to a “neutral” rating in a research note on Friday, August 1st. They now have a $18.10 price target on the stock.
Noah Holdings (NASDAQ:NOAH) opened at 16.60 on Tuesday. Noah Holdings has a 52-week low of $12.02 and a 52-week high of $25.51. The stock has a 50-day moving average of $14.91 and a 200-day moving average of $14.44. The company has a market cap of $920.8 million and a price-to-earnings ratio of 15.06.
Noah Holdings Limited, through its subsidiaries is a service provider focusing on distributing wealth management products to the high net worth population in the People’s Republic of China (NASDAQ:NOAH).
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