Brokerages forecast that Bitauto Holdings Limited (NYSE:BITA) will announce earnings of $0.33 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Bitauto Holdings Limited’s earnings. Bitauto Holdings Limited posted earnings per share of $0.16 during the same quarter last year, which suggests a positive year over year growth rate of 106.3%. The business is expected to report its next quarterly earnings report on Wednesday, November 8th.

According to Zacks, analysts expect that Bitauto Holdings Limited will report full year earnings of $1.08 per share for the current financial year. For the next year, analysts expect that the company will post earnings of $1.74 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Bitauto Holdings Limited.

Bitauto Holdings Limited (NYSE:BITA) last posted its quarterly earnings data on Tuesday, August 15th. The information services provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.05). Bitauto Holdings Limited had a positive return on equity of 3.85% and a negative net margin of 4.76%. The firm had revenue of $320.20 million for the quarter, compared to the consensus estimate of $282.86 million. During the same quarter last year, the firm earned $0.20 EPS. The company’s revenue was up 52.9% compared to the same quarter last year.

BITA has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. ValuEngine raised shares of Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, BidaskClub raised shares of Bitauto Holdings Limited from a “hold” rating to a “buy” rating in a report on Monday, July 31st.

Shares of Bitauto Holdings Limited (BITA) traded up 2.82% on Friday, reaching $45.52. 228,535 shares of the company’s stock were exchanged. Bitauto Holdings Limited has a one year low of $16.56 and a one year high of $45.75. The firm has a 50 day moving average of $36.30 and a 200 day moving average of $29.60. The firm’s market capitalization is $3.18 billion.

Several hedge funds and other institutional investors have recently modified their holdings of BITA. First Trust Advisors LP boosted its position in shares of Bitauto Holdings Limited by 37.3% during the 1st quarter. First Trust Advisors LP now owns 65,773 shares of the information services provider’s stock worth $1,684,000 after purchasing an additional 17,879 shares in the last quarter. Penserra Capital Management LLC boosted its position in shares of Bitauto Holdings Limited by 19.4% in the 1st quarter. Penserra Capital Management LLC now owns 11,995 shares of the information services provider’s stock worth $307,000 after buying an additional 1,953 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Bitauto Holdings Limited by 3,394.3% in the 1st quarter. JPMorgan Chase & Co. now owns 173,739 shares of the information services provider’s stock worth $4,450,000 after buying an additional 168,767 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Bitauto Holdings Limited by 67.1% in the 1st quarter. SG Americas Securities LLC now owns 10,410 shares of the information services provider’s stock worth $267,000 after buying an additional 4,179 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Bitauto Holdings Limited by 1,647.1% in the 1st quarter. Wellington Management Group LLP now owns 278,605 shares of the information services provider’s stock worth $7,135,000 after buying an additional 262,658 shares in the last quarter. Institutional investors own 19.66% of the company’s stock.

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About Bitauto Holdings Limited

Bitauto Holdings Limited is a provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback.

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