Lufax (LU) Scheduled to Post Quarterly Earnings on Monday

Lufax (NYSE:LU) will be releasing its earnings data before the market opens on Monday, October 21st.

Lufax (NYSE:LU) last issued its earnings results on Wednesday, August 21st. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.26). Lufax had a negative net margin of 8.70% and a negative return on equity of 2.66%. The business had revenue of $822.36 million for the quarter. During the same period last year, the firm earned $0.24 EPS. On average, analysts expect Lufax to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lufax Trading Up 1.9 %

Shares of Lufax stock traded up $0.06 during trading on Wednesday, reaching $3.24. 209,814 shares of the company were exchanged, compared to its average volume of 4,199,115. Lufax has a twelve month low of $2.00 and a twelve month high of $4.94. The business has a 50-day moving average price of $2.74 and a 200-day moving average price of $3.24. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of -23.14 and a beta of 0.85.

Wall Street Analysts Forecast Growth

Separately, Bank of America lowered their price target on Lufax from $5.22 to $2.75 and set a “neutral” rating for the company in a research note on Friday, August 23rd.

About Lufax

Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products.