CNFinance (NYSE:CNF) released its quarterly earnings results on Monday. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.22, Fidelity Earnings reports. CNFinance had a net margin of 15.75% and a return on equity of 8.24%. During the same quarter in the prior year, the business earned $0.10 EPS.
Shares of CNF opened at $4.57 on Wednesday. CNFinance has a twelve month low of $2.95 and a twelve month high of $6.34. The stock has a market capitalization of $313.42 million, a P/E ratio of 7.03 and a beta of 0.30. The company has a current ratio of 650.91, a quick ratio of 650.91 and a debt-to-equity ratio of 2.06. The company has a fifty day moving average price of $4.97.
Separately, Zacks Investment Research raised shares of CNFinance from a “sell” rating to a “hold” rating in a research note on Tuesday, November 2nd.
CNFinance Holdings Ltd. engages in the provision of home equity loan services. It facilitate loans by connecting micro- and small-enterprise owners with its funding partners. The company was founded in January 2014 and is headquartered in Guangzhou, China.
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