360 DigiTech (NASDAQ: QFIN) is a reputable company that offers investors a chance to earn passive income through dividend payments. As of April 5, 2023, the company has a dividend yield of 3.3%, which is well covered by its earnings. Investors who own QFIN stock are set to receive their next dividend payment on May 18, 2023. However, to be eligible for this payout, they must hold the stock before the ex-dividend date of April 10, 2023.
With April 7, 2023, being the last chance for investors to receive the next dividend payout from 360 DigiTech, it is crucial to act fast. Shareholders who own QFIN as of the end of Friday’s session will be eligible to receive a 16 cents dividend payout for every share they own. The dividend will be paid out to shareholders on May 19, 2023.
Investors should note that purchasing the stock on or after the ex-dividend date will not qualify them for the next dividend payment. Furthermore, if the dividend is 25% or more of the stock value, special rules apply to the determination of the ex-dividend date, and it will be deferred until after the dividend is paid. It is also essential to remember that with a significant premium, the price of a stock may fall by that amount on the ex-dividend date.
In summary, investors who want to earn passive income through dividend payments from 360 DigiTech should act fast and purchase QFIN stock before the ex-dividend date of April 10, 2023, to be eligible for the next dividend payment.
QFIN Stock Performance on April 5, 2023: Analysis and Future Outlook
On April 5, 2023, QFIN stock opened at 19.19, slightly lower than the previous day’s close of 19.38. The day’s range was between 18.82 and 19.38, with a volume of 7,273 shares traded. This is significantly lower than the average volume of 1,429,288 shares traded over the past three months. The market cap of QFIN is $3.5B.
QFIN is a finance company based in Shanghai, China. Its earnings growth last year was -34.47%, but it has increased by +20.64% this year. Over the next five years, QFIN is expected to have a modest earnings growth of +1.83%. The revenue growth last year was -4.69%.
The P/E ratio of QFIN is 4.7, which is lower than the industry average. The price/sales ratio is 1.33, which is also lower than the industry average. However, there is no available data for the price/book ratio.
In terms of sector and industry, QFIN belongs to the finance and finance/rental/leasing industries, respectively. There are no executives to display.
On April 5, 2023, QFIN’s stock price change was -0.17 or -4.28%. In comparison, COOP and GHI had positive changes, while TREE had negative ones. This indicates that QFIN’s performance was not as strong as its peers in the finance industry.
QFIN’s next reporting date is on May 24, 2023. The EPS forecast for this quarter is $6.89. Its annual revenue for the previous year was $2.5B, with a yearly profit of $592.1M. The net profit margin of QFIN is 24.08%.
Overall, QFIN’s stock performance on April 5, 2023, was not as strong as its peers in the finance industry. However, QFIN has shown a positive earnings growth trend for this year, which could indicate a potential for future growth. Investors should monitor QFIN’s upcoming earnings report to gauge its future performance.
QFIN Stock Forecast: Analysts Predict 49% Increase by 2023
, 2023
On April 5, 2023, 360 DigiTech Inc (QFIN) had a median target price of $28.15, according to 13 analysts who offered 12-month price forecasts. This represents a +49.24% increase from the last price of $18.86. The high estimate for the stock was $33.99, while the low estimate was $24.44.
The consensus among the 13 polled investment analysts was to buy QFIN stock, which had held steady since March, when it was unchanged from a buy rating. This suggests that investors were optimistic about the company’s prospects.
Looking at the company’s financials, QFIN had earnings per share of $6.89 and sales of $4.2 billion for the current quarter. The reporting date for these figures was May 24, 2023.
Overall, QFIN’s stock performance on April 5, 2023, appeared to be positive, with analysts forecasting a significant increase in the stock price in the coming months. However, investors should always research and analyze before making investment decisions. Before investing in any stock, it is essential to consider factors such as the company’s financial health, industry trends, and market conditions.
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