Lufax (NYSE:LU – Get Rating) is set to release its earnings data after the market closes on Wednesday, May 25th. Analysts expect Lufax to post earnings of $0.31 per share for the quarter. Lufax has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.
Lufax (NYSE:LU – Get Rating) last announced its quarterly earnings data on Wednesday, March 9th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The firm had revenue of $2.48 billion during the quarter. Lufax had a net margin of 27.08% and a return on equity of 19.01%. During the same quarter last year, the firm posted $0.19 EPS. On average, analysts expect Lufax to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of LU stock opened at $5.99 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $13.69 billion, a P/E ratio of 5.76, a price-to-earnings-growth ratio of 0.31 and a beta of -0.02. The company has a 50 day moving average price of $5.69 and a 200 day moving average price of $5.75. Lufax has a fifty-two week low of $4.09 and a fifty-two week high of $13.04.
Several institutional investors have recently modified their holdings of LU. PNC Financial Services Group Inc. boosted its holdings in shares of Lufax by 1,344.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,693 shares of the company’s stock valued at $31,000 after buying an additional 5,299 shares in the last quarter. Sei Investments Co. acquired a new position in shares of Lufax in the 4th quarter valued at $58,000. JustInvest LLC acquired a new position in shares of Lufax in the 4th quarter valued at $85,000. Royal Bank of Canada boosted its holdings in shares of Lufax by 453.1% in the 3rd quarter. Royal Bank of Canada now owns 13,661 shares of the company’s stock valued at $95,000 after buying an additional 11,191 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Lufax in the 4th quarter valued at $244,000. Institutional investors and hedge funds own 24.59% of the company’s stock.
A number of brokerages recently weighed in on LU. Macquarie cut shares of Lufax from an “outperform” rating to a “neutral” rating and set a $5.00 price objective for the company. in a report on Wednesday, March 9th. CICC Research began coverage on shares of Lufax in a report on Monday, May 9th. They set an “outperform” rating for the company. Finally, Zacks Investment Research upgraded shares of Lufax from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a report on Thursday, May 12th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $7.86.
About Lufax (Get Rating)
Lufax Holding Ltd operates a technology-empowered personal financial services platform in China. It offers loan products, including unsecured loans and secured loans, as well as consumer finance loans. The company also provides wealth management platforms, such as Lufax (Lu.com), Lu International (Singapore), and Lu International (Hong Kong) to the middle class and affluent investors to invest in products and portfolios; retail credit facilitation services platform that offers small business owners with lending solutions; and technology empowerment solutions for financial institutions.
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