Is it time to Buy before this week’s earning report Cango Inc – ADR (NYSE:CANG)

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Earnings results for Cango Inc – ADR (NYSE:CANG)

Cango Inc. is estimated to report earnings on 05/26/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.07. The reported EPS for the same quarter last year was $0.08.

Cango last released its earnings results on March 23rd, 2020. The reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The business earned $62.99 million during the quarter. Cango has generated $0.37 earnings per share over the last year and currently has a price-to-earnings ratio of 13.5. Cango has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, May 26th, 2020 based off prior year’s report dates.

Analyst Opinion on Cango Inc – ADR (NYSE:CANG)

1 Wall Street analysts have issued ratings and price targets for Cango in the last 12 months. Their average twelve-month price target is $7.80, suggesting that the stock has a possible upside of 56.00%. The high price target for CANG is $7.80 and the low price target for CANG is $7.80. There are currently 1 hold rating for the stock, resulting in a consensus rating of “Hold.”

1 Wall Street analysts have issued ratings and price targets for Cango in the last 12 months. Their average twelve-month price target is $7.80, suggesting that the stock has a possible upside of 56.00%. The high price target for CANG is $7.80 and the low price target for CANG is $7.80. There are currently 1 hold rating for the stock, resulting in a consensus rating of “Hold.”

Dividend Strength: Cango Inc – ADR (NYSE:CANG)

Cango is a leading dividend payer. It pays a dividend yield of 4.60%, putting its dividend yield in the top 25% of dividend-paying stocks. Cango does not have a long track record of dividend growth. The dividend payout ratio of Cango is 62.16 %. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Cango will have a dividend payout ratio of 58.97 % next year. This indicates that Cango will be able to sustain or increase its dividend.

Insiders buying/selling: Cango Inc – ADR (NYSE:CANG)

In the past three months, Cango insiders have not sold or bought any company stock. Only 21.80% of the stock of Cango is held by institutions.

Earnings and Valuation of Cango Inc – ADR (NYSE:CANG

Earnings for Cango are expected to grow by 77.27% in the coming year, from $0.22 to $0.39 per share. The P/E ratio of Cango is 13.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.06. The P/E ratio of Cango is 13.51, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.84. Cango has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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