PPDAI Group (NYSE:FINV) Releases Earnings Results, Misses Estimates By $0.06 EPS

PPDAI Group (NYSE:FINV) released its quarterly earnings results on Wednesday. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.06), Zacks reports. PPDAI Group had a return on equity of 16.66% and a net margin of 18.70%.The company had revenue of $432.21 million for the quarter, compared to analysts’ expectations of $514.80 million.

PPDAI Group Trading Down 4.3%

Shares of NYSE:FINV opened at $5.92 on Thursday. PPDAI Group has a 12-month low of $4.70 and a 12-month high of $10.90. The firm has a fifty day moving average of $5.38 and a two-hundred day moving average of $5.96. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.50 billion, a P/E ratio of 4.41 and a beta of 0.30.

PPDAI Group Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Thursday, May 7th. Investors of record on Thursday, April 16th will be given a dividend of $0.306 per share. The ex-dividend date of this dividend is Thursday, April 16th. This is a positive change from PPDAI Group’s previous annual dividend of $0.28. This represents a yield of 497.0%.

Wall Street Analysts Forecast Growth

FINV has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PPDAI Group in a research report on Monday, December 29th. Wall Street Zen cut PPDAI Group from a “buy” rating to a “hold” rating in a report on Sunday, November 23rd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.10.

Hedge Funds Weigh In On PPDAI Group

Large investors have recently bought and sold shares of the stock. Millennium Management LLC raised its stake in shares of PPDAI Group by 573.9% in the 1st quarter. Millennium Management LLC now owns 1,050,439 shares of the company’s stock valued at $10,116,000 after buying an additional 894,566 shares in the last quarter. Royal Bank of Canada lifted its position in PPDAI Group by 114.5% during the 1st quarter. Royal Bank of Canada now owns 59,266 shares of the company’s stock worth $571,000 after buying an additional 31,641 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in PPDAI Group by 2.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 475,988 shares of the company’s stock valued at $4,584,000 after buying an additional 12,000 shares during the last quarter. 31.15% of the stock is currently owned by institutional investors and hedge funds.

About PPDAI Group

PPDAI Group Inc operates an online consumer finance marketplace that connects individual and institutional investors with personal and small-business borrowers. Through its digital platform, the company facilitates unsecured consumer loans, auto refinancing loans and small-business financing by leveraging proprietary credit assessment tools and big data analytics. Investors gain exposure to a diversified portfolio of retail credit assets, while borrowers benefit from streamlined application processes and competitive financing rates.

At the core of PPDAI’s offering is a multi-layered risk management framework that combines automated credit scoring, manual underwriting oversight and third-party data verification.