Lufax (LU) Projected to Release Earnings on Tuesday

Lufax (NYSE:LU) will likely be issuing its results after the market closes on Tuesday, October 27th. Analysts expect Lufax to post earnings of $10.81 per share and revenue of $2.22 billion for the quarter.

Lufax (NYSE:LU) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.80 by ($11.20). The company had revenue of $916.61 million for the quarter, compared to analysts’ expectations of $2.22 billion. On average, analysts expect Lufax to post ($2.90) EPS for the current fiscal year and $5.40 EPS for the next fiscal year.

Lufax Stock Performance

NYSE:LU opened at $8.07 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.72 and a current ratio of 1.72. The company has a fifty day moving average of $11.60 and a two-hundred day moving average of $14.40. The stock has a market capitalization of $699.77 million, a PE ratio of -13.24 and a beta of 0.69. Lufax has a fifty-two week low of $8.05 and a fifty-two week high of $34.40.

Analysts Set New Price Targets

Several analysts have recently issued reports on LU shares. Deutsche Bank Aktiengesellschaft set a $14.00 target price on shares of Lufax and gave the company a “hold” rating in a research report on Thursday, August 27th. JPMorgan Chase & Co. upgraded shares of Lufax from a “neutral” rating to an “overweight” rating and set a $20.00 price target for the company in a research report on Tuesday, July 28th. Zacks Research upgraded shares of Lufax from a “strong sell” rating to a “hold” rating in a research report on Monday, September 28th. Wall Street Zen lowered shares of Lufax from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Lufax in a report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $17.00.

Lufax Company Profile

Lufax Holding Ltd. (NYSE: LU) is a China-based financial services technology company that operates digital platforms for retail and small-business finance. The company connects consumers and small-business owners with financial products and services through online channels and technology-enabled processes.

Lufax’s business has historically included retail lending, wealth management and related financial services. Its platforms have provided access to consumer and small-business loans, investment products and other services offered in cooperation with financial institutions.