Futu (FUTU) Projected to Post Quarterly Earnings on Thursday

Futu (NASDAQ:FUTU) is expected to issue its quarterly earnings data before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of $13.30 per share and revenue of $3.85 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Futu Stock Performance

Shares of FUTU opened at $121.09 on Thursday. The stock has a market capitalization of $16.69 billion, a P/E ratio of 29.68, a P/E/G ratio of 0.79 and a beta of 0.78. The company’s fifty day moving average is $97.10 and its two-hundred day moving average is $88.75. Futu has a 1 year low of $51.80 and a 1 year high of $130.88.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Morgan Stanley raised shares of Futu from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $70.00 to $115.00 in a research note on Monday, November 18th. Citigroup cut shares of Futu from a “buy” rating to a “neutral” rating and upped their price target for the stock from $79.00 to $95.00 in a research note on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Futu presently has an average rating of “Moderate Buy” and a consensus target price of $91.40.

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.