Analysts Estimate Report : What to Look Out for Cango (NYSE:CANG)


Earnings results for Cango (NYSE:CANG)

Cango Inc. is expected* to report earnings on 08/24/2020 after market close. The report will be for the fiscal Quarter ending Jun 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.05. The reported EPS for the same quarter last year was $0.09.

Cango last released its earnings results on May 27th, 2020. The reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.06. The company had revenue of $34.74 million for the quarter. Cango has generated $0.37 earnings per share over the last year and currently has a price-to-earnings ratio of 25.0. Cango has confirmed that its next quarterly earnings report will be published on Monday, August 24th, 2020.

Analyst Opinion on Cango (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, predicting that the stock has a possible upside of 24.80%. 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.”

Cango has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $7.80, Cango has a forecasted upside of 24.8% from its current price of $6.25. Cango has received no research coverage in the past 90 days.

Dividend Strength: Cango (NYSE:CANG)

Cango pays a meaningful dividend of 3.68%, higher than the bottom 25% of all stocks that pay dividends. 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 57.50% next year. This indicates that Cango will be able to sustain or increase its dividend.

Insiders buying/selling: Cango (NYSE:CANG)

In the past three months, Cango insiders have not sold or bought any company stock. Only 24.20% of the stock of Cango is held by institutions.

Earnings and Valuation of Cango (NYSE:CANG

Earnings for Cango are expected to grow by 37.93% in the coming year, from $0.29 to $0.40 per share. The P/E ratio of Cango is 25.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.23. The P/E ratio of Cango is 25.00, 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 52.46. Cango has a P/B Ratio of 1.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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