Li Auto (NASDAQ:LI - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, October 31st. Li Auto has set its Q3 2024 guidance at EPS.Investors that wish to register for the company's conference call can do so using this link.
Li Auto (NASDAQ:LI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share (EPS) for the quarter. Li Auto had a net margin of 7.65% and a return on equity of 13.70%. The company had revenue of $4.36 billion during the quarter. On average, analysts expect Li Auto to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Li Auto Trading Up 1.2 %
Shares of LI traded up $0.33 during trading hours on Thursday, reaching $27.40. The stock had a trading volume of 5,235,620 shares, compared to its average volume of 8,037,224. The company has a market cap of $29.07 billion, a P/E ratio of 18.25, a P/E/G ratio of 2.54 and a beta of 0.98. Li Auto has a 52 week low of $17.44 and a 52 week high of $46.44. The company has a quick ratio of 1.63, a current ratio of 1.76 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average of $22.95 and a 200 day moving average of $22.44.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Citigroup increased their price objective on Li Auto from $25.50 to $29.60 and gave the stock a "neutral" rating in a report on Monday, September 30th. JPMorgan Chase & Co. decreased their price target on shares of Li Auto from $21.00 to $19.00 and set a "neutral" rating for the company in a research note on Thursday, August 29th. Bank of America increased their target price on shares of Li Auto from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Finally, Macquarie reiterated a "neutral" rating and issued a $33.00 price target (up from $25.00) on shares of Li Auto in a research note on Friday, October 4th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.66.
Read Our Latest Stock Analysis on Li Auto
About Li Auto
(
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Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.
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