NU (NU) Scheduled to Post Quarterly Earnings on Wednesday

NU (NYSE:NU) will issue its quarterly earnings data after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

NU (NYSE:NU) last released its earnings results on Tuesday, August 13th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.90 billion. NU had a return on equity of 27.00% and a net margin of 15.11%. During the same period in the previous year, the company posted $0.05 earnings per share. On average, analysts expect NU to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NU Stock Performance

Shares of NU opened at $14.67 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.25. NU has a 52 week low of $7.74 and a 52 week high of $15.98. The business has a 50-day simple moving average of $14.35 and a two-hundred day simple moving average of $12.96. The stock has a market cap of $69.92 billion, a price-to-earnings ratio of 47.32, a PEG ratio of 0.65 and a beta of 1.13.

Analyst Ratings Changes

Several equities research analysts have commented on NU shares. UBS Group lowered NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective for the company. in a research note on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on NU from $14.50 to $15.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Bank of America upped their target price on NU from $12.80 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, September 12th. Barclays upped their price objective on NU from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, The Goldman Sachs Group upped their price objective on shares of NU from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $15.21.

About NU

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.