CNFinance Holdings Limited Forecasted to Earn Q2 2024 Earnings of $0.11 Per Share (NYSE:CNF)

CNFinance Holdings Limited (NYSE:CNF) – Equities research analysts at Greenridge Global decreased their Q2 2024 earnings per share estimates for shares of CNFinance in a note issued to investors on Tuesday, April 23rd. Greenridge Global analyst W. Gregozeski now expects that the company will post earnings of $0.11 per share for the quarter, down from their previous estimate of $0.14. The consensus estimate for CNFinance’s current full-year earnings is $0.50 per share. Greenridge Global also issued estimates for CNFinance’s Q3 2024 earnings at $0.11 EPS and FY2024 earnings at $0.50 EPS.

CNFinance (NYSE:CNF) last announced its earnings results on Thursday, March 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.07). CNFinance had a net margin of 9.40% and a return on equity of 4.05%. The business had revenue of $33.11 million for the quarter.

CNFinance Trading Up 1.1 %

Shares of NYSE:CNF opened at $1.85 on Wednesday. The business’s 50-day moving average is $2.05 and its 200 day moving average is $2.25. CNFinance has a 1 year low of $1.53 and a 1 year high of $4.10. The firm has a market capitalization of $126.88 million, a P/E ratio of 5.97 and a beta of 0.05. The company has a debt-to-equity ratio of 2.22, a current ratio of 532.61 and a quick ratio of 436.32.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in CNFinance stock. Avantax Advisory Services Inc. acquired a new stake in CNFinance Holdings Limited (NYSE:CNF) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,321 shares of the company’s stock, valued at approximately $39,000.

CNFinance Company Profile

CNFinance Holdings Limited, through its subsidiaries, provides home equity loan services in the People's Republic of China. It offers micro credit loan services for micro and small-enterprise owners; and loan lending agency services for financial institutions. The company provides bridge loan products, which are unsecured short-term loans to pay off borrowers' existing loans secured by real property.