Pinduoduo logoWall Street analysts expect that Pinduoduo Inc. $Pinduoduo Inc.(PDD)$ will report earnings per share of $0.28 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Pinduoduo’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.18. Pinduoduo posted earnings of ($0.36) per share in the same quarter last year, which suggests a positive year over year growth rate of 177.8%. The business is expected to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Pinduoduo will report full-year earnings of $1.69 per share for the current financial year, with EPS estimates ranging from $1.59 to $1.79. For the next financial year, analysts forecast that the business will post earnings of $2.65 per share, with EPS estimates ranging from $2.37 to $2.92. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Pinduoduo.
Pinduoduo last issued its quarterly earnings data on Monday, March 21st. The company reported $5.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $5.68. Pinduoduo had a net margin of 8.40% and a return on equity of 15.76%. During the same period last year, the firm earned ($0.17) EPS.
A number of equities analysts have recently weighed in on PDD shares. Nomura Instinet reiterated a “neutral” rating and set a $48.00 target price (down previously from $95.00) on shares of Pinduoduo in a research note on Tuesday, March 22nd. Barclays dropped their target price on Pinduoduo from $71.00 to $41.00 in a report on Wednesday, March 23rd. Zacks Investment Research downgraded shares of Pinduoduo from a “hold” rating to a “sell” rating in a research note on Wednesday, March 23rd. UBS Group upgraded shares of Pinduoduo from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 23rd. Finally, JPMorgan Chase & Co. lowered Pinduoduo from an “overweight” rating to an “underweight” rating and reduced their target price for the stock from $105.00 to $23.00 in a report on Monday, March 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company.According to MarketBeat.com, Pinduoduo presently has an average rating of “Hold” and an average target price of $88.08.
A number of large investors have recently bought and sold shares of PDD. Captrust Financial Advisors acquired a new position in Pinduoduo in the 3rd quarter valued at approximately $28,000. Lindbrook Capital LLC increased its position in Pinduoduo by 45.4% in the 3rd quarter. Lindbrook Capital LLC now owns 458 shares of the company’s stock valued at $42,000 after acquiring an additional 143 shares during the period. Kistler Tiffany Companies LLC increased its position in shares of Pinduoduo by 25.3% during the fourth quarter. Kistler Tiffany Companies LLC now owns 940 shares of the company’s stock worth $55,000 after buying an additional 190 shares during the period. ICICI Prudential Asset Management Co Ltd acquired a new stake in shares of Pinduoduo during the fourth quarter worth $60,000. Finally, Loomis Sayles & Co. L P increased its position in shares of Pinduoduo by 65.9% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,037 shares of the company’s stock worth $60,000 after buying an additional 412 shares during the period. Institutional investors and hedge funds own 21.18% of the company’s stock.
Shares of PDD stock opened at $40.01 on Tuesday. Pinduoduo has a 12-month low of $23.21 and a 12-month high of $144.35. The company has a market capitalization of $49.56 billion, a PE ratio of 48.79 and a beta of 1.32. The firm has a 50 day moving average price of $46.19 and a two-hundred day moving average price of $63.09. The company has a quick ratio of 1.82, a current ratio of 1.72 and a debt-to-equity ratio of 0.16.
Comments