Lufax (LU) Scheduled to Post Earnings on Monday

Lufax (NYSE:LU) will be issuing its quarterly earnings data before the market opens on Monday, October 21st. Investors interested in listening to the company’s conference call can do so using this link.

Lufax (NYSE:LU) last issued its quarterly earnings results on Wednesday, August 21st. The company reported ($0.19) earnings per share (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 during the quarter. During the same quarter in the prior year, the company posted $0.24 earnings per share. On average, analysts expect Lufax to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lufax Price Performance

NYSE LU opened at $3.16 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a 50-day simple moving average of $2.76 and a 200 day simple moving average of $3.23. The stock has a market capitalization of $1.81 billion, a PE ratio of -22.57 and a beta of 0.85. Lufax has a twelve month low of $2.00 and a twelve month high of $4.94.

Wall Street Analysts Forecast Growth

Separately, Bank of America lowered their price objective on shares of Lufax from $5.22 to $2.75 and set a “neutral” rating on the stock 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.