Qfin Holdings Inc. – Sponsored ADR (QFIN) to Distribute Dividend of $0.46 on October 1st

Qfin Holdings Inc. – Sponsored ADR (NASDAQ:QFIN) declared a dividend on Tuesday, August 25th. Shareholders of record on Wednesday, September 9th will be given a dividend of 0.46 per share on Thursday, October 1st. This represents a yield of 1,032.0%. The ex-dividend date of this dividend is Wednesday, September 9th.

Qfin has a dividend payout ratio of 11.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Qfin to earn $3.07 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 29.3%.

Qfin Price Performance

NASDAQ QFIN opened at $9.06 on Monday. Qfin has a fifty-two week low of $8.35 and a fifty-two week high of $32.69. The business has a fifty day moving average price of $12.63 and a two-hundred day moving average price of $13.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.17 and a quick ratio of 2.17. The stock has a market capitalization of $1.10 billion, a PE ratio of 2.18 and a beta of 0.57.

Qfin (NASDAQ:QFIN) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.55 earnings per share for the quarter. The company had revenue of $524.96 million for the quarter. Qfin had a net margin of 22.23% and a return on equity of 15.23%. Equities analysts expect that Qfin will post 2.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on QFIN shares. Weiss Ratings cut shares of Qfin from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft set a $13.00 price objective on Qfin in a research note on Wednesday, August 12th. Citigroup lowered shares of Qfin from a “buy” rating to a “sell” rating and set a $8.00 price target for the company. in a report on Wednesday, August 26th. Bank of America restated a “neutral” rating and issued a $15.33 price target on shares of Qfin in a research report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. downgraded shares of Qfin from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $13.50 to $9.00 in a research note on Wednesday, August 26th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $12.29.

About Qfin

360 DigiTech, Inc (NASDAQ: QFIN) is a China‐based fintech company that specializes in providing digital lending solutions to underserved consumer and small business markets. Leveraging proprietary credit assessment technologies and big data analytics, the company connects borrowers with a network of financial institutions and investors through its online platform. Its services encompass unsecured consumer loans, installment credit products, and working capital financing for micro and small enterprises.

The company’s flagship platform offers an end‐to‐end digital lending experience, from application and credit evaluation to disbursement and repayment.