Qifu Technology (QFIN) Set to Announce Quarterly Earnings on Tuesday

Qifu Technology (NASDAQ:QFIN - Get Free Report) will issue its quarterly earnings data after the market closes on Tuesday, November 19th. Analysts expect the company to announce earnings of $1.40 per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Qifu Technology (NASDAQ:QFIN - Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.23. The company had revenue of $572.44 million during the quarter, compared to the consensus estimate of $582.69 million. Qifu Technology had a return on equity of 21.82% and a net margin of 28.06%. On average, analysts expect Qifu Technology to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Qifu Technology Price Performance

QFIN traded down $1.90 on Tuesday, reaching $30.69. The company's stock had a trading volume of 1,081,375 shares, compared to its average volume of 1,296,104. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth ratio of 0.43 and a beta of 0.61. Qifu Technology has a 1 year low of $13.71 and a 1 year high of $35.23. The business's 50 day moving average is $30.10 and its 200 day moving average is $23.99.

Qifu Technology Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, September 27th were issued a dividend of $0.60 per share. This represents a yield of 4.7%. The ex-dividend date of this dividend was Friday, September 27th. This is an increase from Qifu Technology's previous semi-annual dividend of $0.57. Qifu Technology's dividend payout ratio (DPR) is currently 28.37%.

Qifu Technology Company Profile

Qifu Technology, Inc, through its subsidiaries, operates credit-tech platform under the 360 Jietiao brand in the People's Republic of China. It provides credit-driven services that matches borrowers with financial institutions to conduct customer acquisition, initial and credit screening, advanced risk assessment, credit assessment, fund matching, and other post-facilitation services; and platform services, including loan facilitation and post-facilitation services to financial institution partners under intelligence credit engine, referral services, and risk management software-as-a-service.