Kanzhun Limited (NASDAQ:BZ – Get Free Report) announced a — dividend on Wednesday, November 15th, Wall Street Journal reports. Stockholders of record on Tuesday, December 5th will be paid a dividend of 0.18 per share on Thursday, December 21st. This represents a dividend yield of 0.9%. The ex-dividend date is Monday, December 4th.
Kanzhun Price Performance
Shares of Kanzhun stock opened at $16.95 on Thursday. The stock has a market cap of $6.36 billion, a price-to-earnings ratio of 154.09 and a beta of 0.42. Kanzhun has a 1 year low of $13.13 and a 1 year high of $26.26. The firm’s 50-day moving average is $15.20 and its 200 day moving average is $15.76.
Kanzhun (NASDAQ:BZ – Get Free Report) last announced its quarterly earnings results on Tuesday, August 29th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. Kanzhun had a net margin of 7.06% and a return on equity of 2.92%. The company had revenue of $205.15 million during the quarter, compared to the consensus estimate of $207.33 million. On average, equities analysts expect that Kanzhun will post 0.24 EPS for the current fiscal year.
Hedge Funds Weigh In On Kanzhun
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on BZ shares. Citigroup assumed coverage on Kanzhun in a research report on Thursday, July 20th. They issued a “buy” rating and a $19.00 target price for the company. UBS Group downgraded shares of Kanzhun from a “buy” rating to a “neutral” rating and cut their target price for the stock from $23.50 to $17.00 in a research report on Thursday, August 31st. Sanford C. Bernstein lowered their price target on Kanzhun from $27.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, August 30th. Barclays dropped their target price on Kanzhun from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, August 31st. Finally, Macquarie lowered Kanzhun from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $22.00 to $16.00 in a research note on Monday, August 21st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.33.
Kanzhun Limited engages in the provision of online recruitment solutions in the People's Republic of China. The company offers its recruitment solutions through a mobile app under the BOSS Zhipin brand name. Its recruitment platform assists the recruitment process between job seekers and employers for enterprises, and corporations.
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