Zacks: Brokerages Anticipate Cango Inc – (CANG) to Post $0.16 Earnings Per Share
Wall Street analysts forecast that Cango Inc – (NYSE:CANG) will announce earnings per share of $0.16 for the current quarter, according to Zacks. Zero analysts have provided estimates for Cango’s earnings. The firm is expected to announce its next earnings results after the market closes on Tuesday, May 28th.
On average, analysts expect that Cango will report full-year earnings of $1.04 per share for the current financial year. For the next year, analysts anticipate that the business will report earnings of $1.88 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Cango.
Cango (NYSE:CANG) last issued its quarterly earnings data on Wednesday, March 27th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.14). The firm had revenue of $46.71 million for the quarter. Cango had a net margin of 27.82% and a return on equity of 14.26%.
Shares of NYSE:CANG opened at $5.00 on Thursday. The company has a market cap of $755.53 million and a P/E ratio of 16.13. Cango has a 12 month low of $4.87 and a 12 month high of $13.90. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.04 and a quick ratio of 3.04.
The company also recently disclosed a special dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 10th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, May 9th.
An institutional investor recently raised its position in Cango stock. Primavera Capital Management Ltd boosted its position in shares of Cango Inc – (NYSE:CANG) by 21.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,243,939 shares of the company’s stock after acquiring an additional 1,089,607 shares during the period. Cango accounts for about 3.0% of Primavera Capital Management Ltd’s holdings, making the stock its 4th biggest position. Primavera Capital Management Ltd owned 4.13% of Cango worth $49,577,000 at the end of the most recent reporting period. 21.89% of the stock is currently owned by institutional investors and hedge funds.
Cango Company Profile
Cango Inc operates an automotive transaction service platform that connects dealers, financial institutions, car buyers, and other industry participants in the People's Republic of China. It facilitates automotive financing services that include facilitating financing transactions from financial institutions to car buyers; automotive transactions between automotive wholesalers, dealers, and car buyers; and after-market services to car buyers.
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