Wall Street brokerages expect that Qudian Inc – (NYSE:QD) will announce earnings per share (EPS) of $2.62 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Qudian’s earnings. Qudian reported earnings of $0.16 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 1,537.5%. The firm is scheduled to announce its next earnings results on Monday, May 20th.

According to Zacks, analysts expect that Qudian will report full-year earnings of $11.75 per share for the current fiscal year. For the next year, analysts expect that the company will report earnings of $15.95 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Qudian.

Qudian (NYSE:QD) last released its earnings results on Monday, March 18th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.33 by $0.05. Qudian had a return on equity of 23.87% and a net margin of 32.10%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the firm posted $0.27 earnings per share. The firm’s revenue was up 20.9% on a year-over-year basis.

Several research firms recently commented on QD. Morgan Stanley raised Qudian from an “equal weight” rating to an “overweight” rating and set a $7.00 target price for the company in a research note on Monday, April 8th. Zacks Investment Research raised Qudian from a “hold” rating to a “strong-buy” rating and set a $6.25 target price for the company in a research note on Thursday. ValuEngine raised Qudian from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Finally, Nomura reaffirmed a “neutral” rating on shares of Qudian in a research note on Wednesday, February 27th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.85.

A number of institutional investors have recently made changes to their positions in QD. Bank of America Corp DE grew its stake in Qudian by 2,791.2% in the fourth quarter. Bank of America Corp DE now owns 1,279,985 shares of the company’s stock valued at $5,491,000 after acquiring an additional 1,235,713 shares during the period. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD grew its stake in Qudian by 552.0% in the fourth quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 949,121 shares of the company’s stock valued at $4,072,000 after acquiring an additional 803,540 shares during the period. Two Sigma Investments LP grew its stake in Qudian by 1,542.7% in the fourth quarter. Two Sigma Investments LP now owns 615,883 shares of the company’s stock valued at $2,642,000 after acquiring an additional 578,390 shares during the period. Credit Suisse AG grew its stake in Qudian by 943.9% in the third quarter. Credit Suisse AG now owns 594,767 shares of the company’s stock valued at $3,099,000 after acquiring an additional 537,794 shares during the period. Finally, BlackRock Inc. grew its stake in Qudian by 26.3% in the third quarter. BlackRock Inc. now owns 2,507,400 shares of the company’s stock valued at $13,064,000 after acquiring an additional 521,560 shares during the period. 6.40% of the stock is owned by hedge funds and other institutional investors.

NYSE QD opened at $5.71 on Wednesday. Qudian has a one year low of $4.00 and a one year high of $12.26. The company has a market cap of $1.70 billion, a P/E ratio of 4.44 and a beta of 1.47. The company has a quick ratio of 2.72, a current ratio of 2.89 and a debt-to-equity ratio of 0.04.

Qudian Company Profile

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.

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