Brokerages Expect Bitauto Holdings Limited (BITA) to Post $0.33 Earnings Per Share
Wall Street analysts expect Bitauto Holdings Limited (NYSE:BITA) to announce earnings of $0.33 per share for the current quarter, Zacks reports. 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 would indicate a positive year-over-year growth rate of 106.3%. The business is expected to report its next earnings results on Wednesday, November 8th.
On average, analysts expect that Bitauto Holdings Limited will report full year earnings of $1.08 per share for the current fiscal year. For the next financial year, analysts forecast that the firm will report earnings of $1.74 per share. Zacks’ EPS averages are an average based on a survey of research analysts that follow Bitauto Holdings Limited.
Bitauto Holdings Limited (NYSE:BITA) last released its earnings results on Tuesday, August 15th. The information services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.05). The firm had revenue of $320.20 million during the quarter, compared to analysts’ expectations of $282.86 million. Bitauto Holdings Limited had a positive return on equity of 3.85% and a negative net margin of 4.76%. The business’s revenue was up 52.9% on a year-over-year basis. During the same period last year, the business earned $0.20 earnings per share.
Several research firms recently weighed in on BITA. BidaskClub raised shares of Bitauto Holdings Limited from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Zacks Investment Research raised shares of Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Finally, ValuEngine raised shares of Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd.
Shares of Bitauto Holdings Limited (NYSE BITA) opened at 46.49 on Wednesday. The stock’s 50 day moving average is $40.40 and its 200-day moving average is $31.78. The firm’s market cap is $3.25 billion. Bitauto Holdings Limited has a 12-month low of $16.56 and a 12-month high of $47.82.
A number of hedge funds have recently bought and sold shares of BITA. Fox Run Management L.L.C. bought a new position in Bitauto Holdings Limited in the second quarter valued at approximately $250,000. SG Americas Securities LLC increased its position in shares of Bitauto Holdings Limited by 67.1% during the first quarter. SG Americas Securities LLC now owns 10,410 shares of the information services provider’s stock worth $267,000 after acquiring an additional 4,179 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Bitauto Holdings Limited during the first quarter worth $315,000. Penserra Capital Management LLC raised its holdings in shares of Bitauto Holdings Limited by 236.2% during the second quarter. Penserra Capital Management LLC now owns 40,331 shares of the information services provider’s stock worth $1,159,000 after acquiring an additional 28,336 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Bitauto Holdings Limited during the second quarter worth $1,584,000. Hedge funds and other institutional investors own 19.66% of the company’s stock.
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Bitauto Holdings Limited Company Profile
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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