$0.33 EPS Expected for Bitauto Holdings Limited (BITA) This Quarter
Brokerages expect Bitauto Holdings Limited (NYSE:BITA) to post $0.33 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Bitauto Holdings Limited’s earnings. Bitauto Holdings Limited reported earnings per share of $0.16 during the same quarter last year, which would suggest a positive year over year growth rate of 106.3%. The business is expected to announce its next quarterly 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 year. For the next fiscal year, analysts forecast that the firm will post earnings of $1.74 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Bitauto Holdings Limited.
Bitauto Holdings Limited (NYSE:BITA) last posted its quarterly 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). Bitauto Holdings Limited had a negative net margin of 4.76% and a positive return on equity of 3.85%. The business had revenue of $320.20 million for the quarter, compared to analyst estimates of $282.86 million. During the same period in the previous year, the firm posted $0.20 earnings per share. The firm’s quarterly revenue was up 52.9% on a year-over-year basis.
BITA has been the topic of several recent research reports. BidaskClub downgraded Bitauto Holdings Limited from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 26th. ValuEngine raised Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th.
Shares of Bitauto Holdings Limited (NYSE:BITA) traded down 0.75% on Friday, reaching $50.16. The company’s stock had a trading volume of 882,140 shares. The company’s 50 day moving average is $45.28 and its 200-day moving average is $33.98. The stock’s market cap is $3.50 billion. Bitauto Holdings Limited has a 1-year low of $16.56 and a 1-year high of $54.42.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fox Run Management L.L.C. acquired a new stake in shares of Bitauto Holdings Limited in the 2nd quarter valued at about $250,000. SG Americas Securities LLC raised its stake 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 valued at $267,000 after purchasing an additional 4,179 shares during the period. Jane Street Group LLC acquired a new stake in shares of Bitauto Holdings Limited in the 1st quarter valued at about $315,000. Summitview Investment Management acquired a new stake in shares of Bitauto Holdings Limited in the 3rd quarter valued at about $1,117,000. Finally, Penserra Capital Management LLC raised its stake in shares of Bitauto Holdings Limited by 236.2% in the 2nd quarter. Penserra Capital Management LLC now owns 40,331 shares of the information services provider’s stock valued at $1,159,000 after purchasing an additional 28,336 shares during the period. 19.66% of the stock is currently owned by hedge funds and other institutional investors.
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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