Futu (FUTU) to Release Quarterly Earnings on Tuesday

Futu (NASDAQ:FUTU) is set to announce its earnings results before the market opens on Tuesday, November 19th. Investors that are interested in participating in the company’s conference call can do so using this link.

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

Futu Stock Performance

Shares of FUTU stock opened at $89.08 on Monday. The stock has a market capitalization of $12.27 billion, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 0.93 and a beta of 0.75. Futu has a fifty-two week low of $43.61 and a fifty-two week high of $130.50. The company has a 50 day moving average price of $90.00 and a 200 day moving average price of $75.15.

Wall Street Analyst Weigh In

Separately, Bank of America upped their price objective 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.97.

Futu Company Profile

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.