Xinyuan Real Estate Co Ltd (XIN) Set to Announce Quarterly Earnings on Friday
Xinyuan Real Estate Co (NYSE:XIN) last released its quarterly earnings results on Friday, August 11th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $488.17 million during the quarter. Xinyuan Real Estate Co had a return on equity of 6.07% and a net margin of 3.30%.
Shares of Xinyuan Real Estate Co Ltd (NYSE:XIN) opened at $5.67 on Friday. The company has a market capitalization of $364.55, a PE ratio of 6.68 and a beta of 1.46. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.53.
Separately, BidaskClub raised Xinyuan Real Estate Co from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th.
A hedge fund recently raised its stake in Xinyuan Real Estate Co stock. Vanguard Group Inc. increased its holdings in shares of Xinyuan Real Estate Co Ltd (NYSE:XIN) by 19.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 175,442 shares of the financial services provider’s stock after purchasing an additional 27,964 shares during the period. Vanguard Group Inc. owned approximately 0.27% of Xinyuan Real Estate Co worth $909,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 17.64% of the company’s stock.
About Xinyuan Real Estate Co
Xinyuan Real Estate Co, Ltd. (Xinyuan) is a holding company and conducts business primarily through its operating subsidiaries in China. The Company is a real estate developer and property manager that primarily focuses on residential properties. Xinyuan is engaged in developing large scale residential projects, which consist of multiple residential buildings that include multi-layer apartment buildings, sub-high-rise apartment buildings or high-rise apartment buildings.
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