Analysts predict that Qudian Inc – (NYSE:QD) will report earnings per share (EPS) of $0.25 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Qudian’s earnings. Qudian posted earnings of $0.34 per share in the same quarter last year, which suggests a negative year over year growth rate of 26.5%. The business is expected to announce its next quarterly earnings results on Monday, November 12th.

On average, analysts expect that Qudian will report full year earnings of $1.04 per share for the current financial year. For the next fiscal year, analysts anticipate that the company will report earnings of $1.37 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Qudian.

QD has been the subject of several research analyst reports. ValuEngine downgraded shares of Qudian from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Sanford C. Bernstein downgraded shares of Qudian from an “outperform” rating to a “market perform” rating and set a $7.00 price objective for the company. in a research report on Thursday, August 23rd. Macquarie downgraded shares of Qudian from an “outperform” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research report on Monday, August 27th. Needham & Company LLC downgraded shares of Qudian from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. Finally, Zacks Investment Research upgraded shares of Qudian from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 25th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $21.20.

QD traded down $0.01 during trading on Thursday, hitting $4.99. 1,885,100 shares of the stock traded hands, compared to its average volume of 2,640,376. Qudian has a twelve month low of $4.86 and a twelve month high of $35.45. The company has a market cap of $1.65 billion and a P/E ratio of 4.59. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.22 and a quick ratio of 2.22.

Institutional investors and hedge funds have recently made changes to their positions in the business. Sei Investments Co. acquired a new position in shares of Qudian during the first quarter worth $137,000. Financial Gravity Wealth Inc. acquired a new position in shares of Qudian during the first quarter worth $138,000. Guggenheim Capital LLC acquired a new position in shares of Qudian during the first quarter worth $163,000. Cubist Systematic Strategies LLC acquired a new position in shares of Qudian during the second quarter worth $164,000. Finally, Global X Management Co LLC acquired a new position in shares of Qudian during the second quarter worth $229,000. Institutional investors and hedge funds own 5.26% of the company’s stock.

About Qudian

Qudian Inc provides online small consumer credit products in the People's Republic of China. It uses big data-enabled technologies, including artificial intelligence and machine learning to transform the consumer finance experience. The company offers cash credit products, such as cash short-term unsecured lines of credit, which are distributed in digital form; and merchandise credit products to finance borrowers' direct purchase of merchandise offered on its marketplace on installment basis, as well as budget auto financing products.

Further Reading: Insider Trading – What You Need to Know

Get a free copy of the Zacks research report on Qudian (QD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Qudian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qudian and related companies with MarketBeat.com's FREE daily email newsletter.