X Financial (NYSE:XYF) Posts Quarterly Earnings Results, Beats Expectations By $0.35 EPS

Key Points

• X Financial reported quarterly EPS of $0.64, beating the consensus estimate of $0.29 by $0.35. The company posted a 14.38% return on equity and a 15.06% net margin.
• XYF shares opened at $5.40, with a market capitalization of approximately $211 million and a price-to-earnings ratio of 1.57. The stock has traded between $3.30 and $16.40 over the past year.
• The analyst consensus remains “Hold” after Weiss Ratings downgraded its assessment from “hold (c+)” to “hold (c).” Institutional investors own 1.15% of the company, with several funds recently initiating or increasing positions.

X Financial (NYSE:XYF - Get Free Report) issued its earnings results on Monday. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.35, FiscalAI reports. X Financial had a return on equity of 14.38% and a net margin of 15.06%.

X Financial Stock Performance

Shares of XYF stock opened at $5.40 on Monday. X Financial has a twelve month low of $3.30 and a twelve month high of $16.40. The stock's 50 day simple moving average is $4.99 and its 200 day simple moving average is $4.85. The company has a market capitalization of $211.06 million, a price-to-earnings ratio of 1.57 and a beta of 0.46.

Analyst Ratings Changes

Separately, Weiss Ratings cut X Financial from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold".

Hedge Funds Weigh In On X Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets bought a new position in shares of X Financial in the third quarter valued at approximately $105,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of X Financial during the fourth quarter worth $43,000. Russell Investments Group Ltd. boosted its stake in X Financial by 468.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 33,780 shares of the company's stock worth $457,000 after acquiring an additional 27,837 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of X Financial in the 2nd quarter valued at $697,000. 1.15% of the stock is owned by institutional investors.

About X Financial

X Financial NYSE: XYF is a Beijing-based online credit marketplace focused on providing diversified financing solutions to individuals and small- and medium-sized enterprises (SMEs) in China. The company was established in 2014 and completed its initial public offering on the New York Stock Exchange in 2016. Since inception, X Financial has built a technology-driven platform that connects borrowers with a network of institutional investors, banks and other funding sources, aiming to streamline access to credit and improve lending efficiency.

The company's core offerings include consumer loans, SME loans, real estate-secured financing and wealth management products.

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