Lufax (LU) Scheduled to Post Earnings on Monday

Lufax (NYSE:LU) is scheduled to announce its earnings results before the market opens on Monday, October 21st. Parties interested in registering for the company’s conference call can do so using this link.

Lufax (NYSE:LU) last issued its earnings results on Wednesday, August 21st. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.26). Lufax had a negative return on equity of 2.66% and a negative net margin of 8.70%. The company had revenue of $822.36 million during the quarter. During the same period in the previous year, the firm 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 Stock Performance

Lufax stock opened at $3.16 on Friday. Lufax has a 52-week low of $2.00 and a 52-week high of $4.94. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a fifty day moving average price of $2.76 and a two-hundred day moving average price of $3.22. The firm has a market capitalization of $1.81 billion, a P/E ratio of -22.57 and a beta of 0.85.

Analyst Ratings Changes

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

Lufax Company Profile

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.