|Bid||3.5100 x 900|
|Ask||3.4800 x 800|
|Day's Range||3.4400 - 3.8000|
|52 Week Range||3.4400 - 9.2050|
|Beta (5Y Monthly)||1.49|
|PE Ratio (TTM)||3.34|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of Qudian Inc. sank 5.5% in active premarket trading Thursday, after the China-based consumer finance company said it was withdrawing its fiscal 2019 guidance, and will not issue an outlook in the near term, given uncertainty regarding the regulatory and operating environment. Separately, the company said it approved a new $500 million stock repurchase program. Qudian said recent regulatory developments include further restrictions on loan collection practices, more stringent user data privacy rules and the requirement for peer-to-peer (P2P) lending platforms to exit their P2P businesses. "These regulatory developments have reduced the availability of funding for consumer credit and driven up delinquency rates across the industry, including the company's loan portfolio," the company said. As a result, Qudian said transaction volumes have "substantially" decreased as it implemented "significantly stricter" loan approval standards. In November, the company said it expected 2019 adjusted net income of RMB4.0 billion ($581.4 million). Qudian's stock has plunged 33.5% over the past three months through Wednesday, while the S&P 500 has gained 10.0%.
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Unfortunately for some shareholders, the Qudian (NYSE:QD) share price has dived 32% in the last thirty days. Even...
Qudian Inc. ("Qudian" or the "Company") (NYSE: QD), a leading technology platform empowering the enhancement of online consumer finance experience in China, held an update conference call on November 25, 2019 to provide updates to investors and discuss its 2019 third quarter earnings.
Qudian Inc. ("Qudian" or the "Company") (NYSE: QD), a leading technology platform empowering the enhancement of online consumer finance experience in China, today announced that the Company has completed the cancellation of US$195 million worth of its outstanding American depositary shares ("ADSs") representing its Class A ordinary shares (the "Shares"). A total of 26,169,241 ADSs were cancelled, effective November 25, 2019.
Shares of China-based credit products company Qudian Inc. plunged 20% on heavy volume toward a 7-month low in midday trading, enough to pace all NYSE-listed decliners, after the reported third-quarter earnings that missed expectations and cut its full-year outlook. Trading volume spiked to 18.8 million shares, compared with the full-day average of about 3.4 million shares. The company said net income increased to RMB1.04 billion ($146 million), or RMB3.29 a share, from RMB683.8 million, or RMB2.13 a share, in the year ago period, but below the average analyst estimate of RMB3.58 a share, according to FactSet. Revenue rose 34% to RMB2.59 billion ($362.5 million), to top the FactSet consensus of RMB2.06 billion. Total registered users grew 12% from a year ago to 78.3 million, while the number of outstanding borrowers increased 3.4% from the sequential second quarter 6.3 million. "Due to recent strategy for the company to reduce risk-taking loan balance and focus on higher quality borrowers via open-platform," Qudian cut its guidance for 2019 adjusted net income to RMB4.0 billion from RMB4.5 billion. The stock has shed 33.2% over the past three months, while the S&P 500 has gained 8.0%.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have gone over 730 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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Qudian (NYSE: QD) reported second-quarter earnings of 59 cents per share, which beat the analyst consensus estimate of 48 cents by 22.92%. The company reported quarterly sales of $323.5 million, which beat the analyst consensus estimate of $278.37 million by 16.21%.