Brokerages Expect Bitauto Holdings Limited (BITA) to Announce $0.27 EPS
Equities analysts predict that Bitauto Holdings Limited (NYSE:BITA) will announce earnings of $0.27 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Bitauto’s earnings. Bitauto posted earnings of $0.03 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 800%. The firm is expected to report its next quarterly earnings results on Wednesday, March 7th.
According to Zacks, analysts expect that Bitauto will report full-year earnings of $1.08 per share for the current financial year. For the next year, analysts anticipate that the business will post earnings of $1.74 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Bitauto.
BITA has been the subject of several recent analyst reports. BidaskClub upgraded shares of Bitauto from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Zacks Investment Research upgraded shares of Bitauto from a “sell” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Tuesday, October 24th. Finally, ValuEngine upgraded shares of Bitauto from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd.
Shares of Bitauto (BITA) opened at $30.04 on Thursday. Bitauto has a one year low of $16.56 and a one year high of $54.42.
A number of institutional investors have recently added to or reduced their stakes in BITA. Advisors Preferred LLC bought a new position in Bitauto in the 3rd quarter valued at about $105,000. BNP Paribas Arbitrage SA raised its holdings in Bitauto by 13,684.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,619 shares of the information services provider’s stock valued at $117,000 after acquiring an additional 2,600 shares during the period. Clarkston Capital Partners LLC bought a new position in Bitauto in the 3rd quarter valued at about $223,000. Aperio Group LLC bought a new position in Bitauto in the 3rd quarter valued at about $296,000. Finally, SG Americas Securities LLC raised its holdings in Bitauto by 9.6% in the 2nd quarter. SG Americas Securities LLC now owns 11,409 shares of the information services provider’s stock valued at $328,000 after acquiring an additional 999 shares during the period. 28.22% of the stock is currently owned by hedge funds and other institutional investors.
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Bitauto Company Profile
Bitauto Holdings Limited is a provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback.
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