PPDAI Group (NYSE:PPDF) announced its earnings results on Wednesday. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.10, Morningstar.com reports. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.23 billion. PPDAI Group had a return on equity of 48.37% and a net margin of 57.23%. PPDAI Group’s revenue for the quarter was up 571.1% compared to the same quarter last year.
Shares of PPDF stock traded up $0.36 on Thursday, hitting $5.66. The company’s stock had a trading volume of 25,405 shares, compared to its average volume of 1,152,100. PPDAI Group has a fifty-two week low of $2.85 and a fifty-two week high of $8.45. The firm has a market cap of $1.51 billion, a PE ratio of 5.04 and a beta of 1.99.
The firm also recently disclosed a special dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 5th were paid a $0.0283 dividend. The ex-dividend date was Thursday, April 4th. PPDAI Group’s payout ratio is presently 15.18%.
Several equities research analysts have recently weighed in on the company. ValuEngine raised PPDAI Group from a “sell” rating to a “hold” rating in a research report on Thursday, March 7th. Zacks Investment Research raised shares of PPDAI Group from a “hold” rating to a “buy” rating and set a $3.75 price objective for the company in a research note on Tuesday, February 12th. Finally, TheStreet raised shares of PPDAI Group from a “d+” rating to a “c-” rating in a research note on Friday, May 3rd. Three analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus price target of $4.88.
Hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its holdings in shares of PPDAI Group by 13.9% during the 4th quarter. Bank of Montreal Can now owns 29,962 shares of the company’s stock worth $108,000 after purchasing an additional 3,662 shares during the period. Penserra Capital Management LLC increased its holdings in shares of PPDAI Group by 1.6% during the 1st quarter. Penserra Capital Management LLC now owns 283,843 shares of the company’s stock worth $1,072,000 after purchasing an additional 4,506 shares during the period. Legal & General Group Plc bought a new position in shares of PPDAI Group during the 3rd quarter worth about $35,000. Northern Trust Corp increased its holdings in shares of PPDAI Group by 14.1% during the 1st quarter. Northern Trust Corp now owns 90,629 shares of the company’s stock worth $343,000 after purchasing an additional 11,210 shares during the period. Finally, Segantii Capital Management Ltd bought a new stake in PPDAI Group in the first quarter valued at about $59,000. 9.67% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: This news story was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2019/05/16/ppdai-group-ppdf-announces-earnings-results-beats-estimates-by-0-10-eps.html.
About PPDAI Group
PPDAI Group Inc, an investment holding company, operates an online consumer finance marketplace through its platform in the People's Republic of China. It provides services to match borrowers with investors and facilitate loan transactions on its marketplace through the lifecycle of loans. The company offers standard, handy cash, consumption, and other loan products; and investment services to investors and institutional funding partners.
Recommended Story: What is a Special Dividend?
Receive News & Ratings for PPDAI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPDAI Group and related companies with MarketBeat.com's FREE daily email newsletter.