LexinFintech Holdings Ltd. Sponsored ADR (LX) To Go Ex-Dividend on April 24th

LexinFintech Holdings Ltd. Sponsored ADR (NASDAQ:LX) announced a dividend on Thursday, March 19th. Stockholders of record on Friday, April 24th will be given a dividend of 0.188 per share on Wednesday, June 3rd. This represents a dividend yield of 1,589.0%. The ex-dividend date is Friday, April 24th.

LexinFintech has a payout ratio of 13.8% meaning its dividend is sufficiently covered by earnings.

LexinFintech Stock Down 7.1%

LX opened at $2.37 on Friday. The company has a 50 day moving average of $2.85 and a 200 day moving average of $3.86. The company has a market cap of $398.78 million, a PE ratio of 1.81 and a beta of 0.67. LexinFintech has a 12 month low of $2.36 and a 12 month high of $11.64. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.08.

LexinFintech (NASDAQ:LX) last issued its earnings results on Thursday, March 19th. The company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $434.95 million for the quarter. LexinFintech had a net margin of 12.72% and a return on equity of 14.58%.

Analysts Set New Price Targets

A number of research firms recently issued reports on LX. Weiss Ratings reiterated a “hold (c)” rating on shares of LexinFintech in a research note on Monday, December 29th. UBS Group downgraded LexinFintech from a “buy” rating to a “neutral” rating and cut their target price for the stock from $13.60 to $3.50 in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $3.50.

LexinFintech Company Profile

LexinFintech Holdings Ltd. (NASDAQ: LX) is a China-based consumer finance and digital banking platform primarily serving young, underbanked consumers. The company’s core offering is point-of-sale installment financing, enabling eligible customers to split purchases into fixed monthly payments with transparent fees. Leveraging proprietary data analytics and credit scoring models, LexinFintech underwrites consumer loans for online purchases and provides credit lines that support a variety of retail and e-commerce transactions.

In addition to its flagship installment loan service, LexinFintech has developed wealth management and fintech-as-a-service products.