LexinFintech (NASDAQ:LX - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.28 EPS for the quarter, Zacks reports. The business had revenue of $501.26 million for the quarter. LexinFintech had a return on equity of 7.47% and a net margin of 5.34%.
LexinFintech Trading Up 2.4 %
LX traded up $0.25 during trading on Friday, reaching $10.77. The company had a trading volume of 9,345,453 shares, compared to its average volume of 2,489,946. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.10. LexinFintech has a 52 week low of $1.56 and a 52 week high of $11.46. The stock has a market cap of $1.77 billion, a P/E ratio of 17.10 and a beta of 0.60. The business has a 50 day simple moving average of $8.35 and a 200-day simple moving average of $5.42.
LexinFintech Increases Dividend
The business also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Thursday, April 17th will be issued a dividend of $0.11 per share. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, April 17th. This is a positive change from LexinFintech's previous semi-annual dividend of $0.07. LexinFintech's dividend payout ratio is presently 19.05%.
Analyst Upgrades and Downgrades
Separately, Citigroup raised shares of LexinFintech from a "neutral" rating to a "buy" rating in a report on Tuesday, November 26th.
Check Out Our Latest Report on LX
About LexinFintech
(
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LexinFintech Holdings Ltd., through its subsidiaries, provides online consumer finance services in the People's Republic of China. The company operates Fenqile.com, an online consumption and consumer finance platform that offers installment purchase and personal installment loans, as well as online direct sales with installment payment terms; and Le Hua Card, a scenario-based lending.
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