Leju Holdings Ltd. (LEJU) Issues Earnings Results, Hits Expectations
Leju Holdings Ltd. (NYSE:LEJU) posted its quarterly earnings data on Monday. The company reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. The company earned $183.30 million during the quarter, compared to analyst estimates of $174.10 million. Leju Holdings had a net margin of 4.59% and a return on equity of 8.76%. Leju Holdings’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 earnings per share.
Shares of Leju Holdings (NYSE:LEJU) opened at 4.14 on Wednesday. Leju Holdings has a 52-week low of $3.28 and a 52-week high of $6.00. The stock’s 50 day moving average price is $4.28 and its 200 day moving average price is $4.54. The company has a market capitalization of $770.04 million, a P/E ratio of 20.60 and a beta of 3.26.
A hedge fund recently raised its stake in Leju Holdings stock. Freestone Capital Holdings LLC raised its stake in Leju Holdings Ltd. (NYSE:LEJU) by 28.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 448,882 shares of the company’s stock after buying an additional 99,811 shares during the period. Freestone Capital Holdings LLC owned approximately 0.24% of Leju Holdings worth $2,087,000 as of its most recent filing with the SEC. Institutional investors own 5.59% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Leju Holdings Ltd. (LEJU) Issues Earnings Results, Hits Expectations” was first posted by Financial Market News and is owned by of Financial Market News. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be read at http://www.financial-market-news.com/leju-holdings-ltd-leju-issues-earnings-results-hits-expectations/1209547/.
LEJU has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Leju Holdings from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 26th. JPMorgan Chase & Co. initiated coverage on shares of Leju Holdings in a research note on Wednesday, August 31st. They set a “neutral” rating and a $4.60 price objective for the company. Finally, lowered shares of Leju Holdings from an “underperform” rating to a “sell” rating and dropped their price objective for the stock from $5.50 to $4.60 in a research note on Friday, August 26th.
About Leju Holdings
Leju Holdings Limited is an online to offline (O2O), real estate services provider in China. The Company offers real estate e-commerce, online advertising and online listing services through its online platform, which consists of local Websites covering over 260 cities and various mobile applications.
Receive News & Ratings for Leju Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leju Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.