Qifu Technology (QFIN) Projected to Post Earnings on Monday

Qifu Technology (NASDAQ:QFIN - Get Free Report) is expected to be announcing its Q1 2025 earnings results after the market closes on Monday, May 19th. Analysts expect the company to announce earnings of $1.72 per share and revenue of $4.61 billion for the quarter.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last posted its quarterly earnings results on Sunday, March 16th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.14. The company had revenue of $613.89 million during the quarter, compared to the consensus estimate of $581.67 million. Qifu Technology had a return on equity of 24.39% and a net margin of 31.82%. On average, analysts expect Qifu Technology to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Qifu Technology Trading Up 0.3%

Shares of QFIN stock traded up $0.14 on Friday, hitting $44.35. 627,906 shares of the stock were exchanged, compared to its average volume of 1,557,450. The firm has a market capitalization of $6.99 billion, a PE ratio of 8.98, a P/E/G ratio of 0.32 and a beta of 0.53. Qifu Technology has a one year low of $18.13 and a one year high of $48.94. The firm's 50 day moving average is $41.55 and its two-hundred day moving average is $39.20.

Qifu Technology Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $0.70 per share. This is an increase from Qifu Technology's previous semi-annual dividend of $0.60. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a dividend yield of 2.5%. Qifu Technology's dividend payout ratio is presently 23.79%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Qifu Technology stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Qifu Technology, Inc. (NASDAQ:QFIN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 642 shares of the company's stock, valued at approximately $29,000. Institutional investors and hedge funds own 74.81% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Bank of America increased their price target on shares of Qifu Technology from $50.66 to $52.70 and gave the stock a "buy" rating in a report on Wednesday, March 26th.

Qifu Technology Company Profile

Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.