Open Lending (NASDAQ:LPRO - Get Free Report) will be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Open Lending to post earnings of $0.05 per share for the quarter. Open Lending has set its Q3 2024 guidance at EPS.Individual that are interested in registering for the company's earnings conference call can do so using this link.
Open Lending (NASDAQ:LPRO - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.03). Open Lending had a return on equity of 2.90% and a net margin of 6.25%. The company had revenue of $26.73 million during the quarter, compared to the consensus estimate of $31.03 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The business's revenue was down 29.9% compared to the same quarter last year. On average, analysts expect Open Lending to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Open Lending Stock Performance
Shares of LPRO stock traded up $0.11 during trading hours on Thursday, reaching $5.60. The company had a trading volume of 403,524 shares, compared to its average volume of 423,098. The business has a fifty day moving average price of $5.73 and a 200-day moving average price of $5.76. Open Lending has a one year low of $4.57 and a one year high of $8.70. The firm has a market cap of $667.82 million, a PE ratio of 50.91 and a beta of 1.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 13.32 and a current ratio of 13.32.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Open Lending in a research note on Wednesday, October 2nd. Morgan Stanley cut their target price on shares of Open Lending from $6.00 to $5.00 and set an "equal weight" rating for the company in a research report on Friday, August 9th. DA Davidson cut their target price on shares of Open Lending from $9.00 to $8.00 and set a "buy" rating for the company in a research report on Monday, August 12th. Finally, JMP Securities cut their target price on shares of Open Lending from $8.00 to $7.00 and set a "market outperform" rating for the company in a research report on Friday, August 9th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Open Lending presently has an average rating of "Hold" and a consensus target price of $6.56.
Check Out Our Latest Analysis on Open Lending
Open Lending Company Profile
(
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Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, finance companies, and captive finance companies of automakers in the United States. The company offers Lenders Protection Program (LPP), which is a cloud-based automotive lending platform that provides loan analytics solutions and automated issuance of credit default insurance with third-party insurance providers.
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