Qifu Technology (QFIN) Expected to Announce Earnings on Monday

Qifu Technology (NASDAQ:QFIN) is expected to announce its Q1 2025 earnings results after the market closes on Monday, May 19th. Analysts expect the company to announce earnings of $1.72 per share and revenue of $4.61 billion for the quarter.

Qifu Technology (NASDAQ:QFIN) last issued its quarterly earnings data on Sunday, March 16th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.14. Qifu Technology had a net margin of 31.82% and a return on equity of 24.39%. The company had revenue of $613.89 million during the quarter, compared to the consensus estimate of $581.67 million. On average, analysts expect Qifu Technology to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Qifu Technology Trading Up 0.1%

NASDAQ QFIN opened at $44.27 on Friday. The firm’s fifty day simple moving average is $41.62 and its two-hundred day simple moving average is $39.27. Qifu Technology has a 12-month low of $18.13 and a 12-month high of $48.94. The firm has a market capitalization of $6.98 billion, a P/E ratio of 8.96, a P/E/G ratio of 0.32 and a beta of 0.53.

Qifu Technology Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, April 23rd will be issued a $0.70 dividend. This is a positive change from Qifu Technology’s previous semi-annual dividend of $0.60. This represents a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, April 23rd. Qifu Technology’s payout ratio is currently 23.79%.

Analysts Set New Price Targets

Separately, Bank of America lifted their price target on shares of Qifu Technology from $50.66 to $52.70 and gave the stock a “buy” rating in a report on Wednesday, March 26th.

Hedge Funds Weigh In On Qifu Technology

Several institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Qifu Technology in the first quarter worth $29,000. Royal Bank of Canada grew its holdings in shares of Qifu Technology by 51.7% during the first quarter. Royal Bank of Canada now owns 6,508 shares of the company’s stock valued at $293,000 after buying an additional 2,219 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Qifu Technology by 32.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,603,830 shares of the company’s stock valued at $72,028,000 after buying an additional 395,589 shares during the last quarter. 74.81% of the stock is owned by hedge funds and other institutional investors.

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.