OneConnect Financial Technology (NYSE:OCFT – Get Rating) will issue its quarterly earnings data after the market closes on Wednesday, May 25th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
OneConnect Financial Technology (NYSE:OCFT – Get Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported ($0.15) EPS for the quarter. The business had revenue of $200.24 million for the quarter. OneConnect Financial Technology had a negative net margin of 31.00% and a negative return on equity of 29.06%. On average, analysts expect OneConnect Financial Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of OCFT opened at $1.39 on Wednesday. The company has a market capitalization of $542.09 million, a price-to-earnings ratio of -2.62 and a beta of 0.40. The stock has a 50 day moving average of $1.43 and a 200 day moving average of $1.95. OneConnect Financial Technology has a 12 month low of $0.99 and a 12 month high of $19.60.
A number of analysts have issued reports on OCFT shares. JPMorgan Chase & Co. downgraded OneConnect Financial Technology from a “neutral” rating to an “underweight” rating in a research report on Monday, March 14th. HSBC downgraded OneConnect Financial Technology from a “buy” rating to a “hold” rating in a research report on Thursday, February 24th. Finally, Zacks Investment Research raised OneConnect Financial Technology from a “sell” rating to a “hold” rating in a research report on Thursday, April 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, OneConnect Financial Technology has a consensus rating of “Hold” and a consensus price target of $9.50.
OneConnect Financial Technology Company Profile (Get Rating)
OneConnect Financial Technology Co, Ltd. provides cloud-platform-based Fintech solutions, and online information and operating support services for financial institutions in the People's Republic of China. It offers digital retail banking, digital commercial banking, digital auto insurance and life insurance, and artificial intelligence customer services, as well as sales management, risk management, and operation support services.
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