Futu (FUTU) to Release Earnings on Tuesday

Futu (NASDAQ:FUTU) will be issuing its quarterly earnings data before the market opens on Tuesday, November 19th. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Futu (NASDAQ:FUTU) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $1.11 earnings per share (EPS) for the quarter. Futu had a net margin of 39.27% and a return on equity of 16.77%. The firm had revenue of $400.73 million for the quarter. On average, analysts expect Futu to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Futu Price Performance

Shares of FUTU opened at $89.08 on Friday. The company has a market cap of $12.27 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 0.94 and a beta of 0.75. The firm has a 50-day moving average of $90.00 and a 200-day moving average of $75.07. Futu has a one year low of $43.61 and a one year high of $130.50.

Analyst Upgrades and Downgrades

Separately, Bank of America boosted their price target on Futu from $80.20 to $90.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.97.

About Futu

Futu Holdings Limited provides digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally. It offers online financial services, including securities and derivative trades brokerage, margin financing and fund distribution services through its Futubull and Moomoo digital platforms.