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

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

X Financial Stock Up 0.2%

Shares of NYSE:XYF opened at $5.40 on Monday. X Financial has a 12-month low of $3.30 and a 12-month high of $16.40. The stock has a market cap of $211.06 million, a price-to-earnings ratio of 1.57 and a beta of 0.46. The business’s 50 day moving average is $4.99 and its 200 day moving average is $4.85.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded X Financial from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 14th. One analyst has rated the stock with a Hold rating, According to MarketBeat, X Financial has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Jump Financial LLC purchased a new stake in X Financial in the 2nd quarter worth about $697,000. Russell Investments Group Ltd. increased its stake in shares of X Financial by 468.4% in the third quarter. Russell Investments Group Ltd. now owns 33,780 shares of the company’s stock worth $457,000 after purchasing an additional 27,837 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of X Financial in the fourth quarter worth about $43,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of X Financial in the third quarter valued at approximately $105,000. Institutional investors own 1.15% of the company’s stock.

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.