Leju Holdings Ltd Stock Price Down 3.5% After Earnings Miss (LEJU)
Leju Holdings Ltd (NASDAQ:LEJU) shares dropped 3.5% during trading on Thursday following a weaker than expected earnings announcement, AnalystRatings.Net reports. The company traded as low as $15.44 and last traded at $15.77, with a volume of 739,634 shares trading hands. The stock had previously closed at $16.35.
The company reported $0.15 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.01. The company had revenue of $117.40 million for the quarter, compared to the consensus estimate of $113.78 million. Leju Holdings Ltd’s revenue was up 63.3% compared to the same quarter last year.
A number of research firms have recently commented on LEJU. Analysts at Macquarie reiterated an “outperform” rating on shares of Leju Holdings Ltd in a research note on Thursday. They now have a $22.00 price target on the stock, up previously from $16.00. Analysts at Goldman Sachs initiated coverage on shares of Leju Holdings Ltd in a research note on Friday, May 23rd. They set a “buy” rating on the stock.
The stock has a 50-day moving average of $12.81 and a 200-day moving average of $11.68. The company has a market cap of $3.019 billion and a price-to-earnings ratio of 36.41.
Leju Holdings Limited is an online-to-offline (NASDAQ:LEJU), real estate services provider in China.
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