Lufax (LU) to Release Earnings on Monday

Lufax (NYSE:LU) will be posting its quarterly earnings results after the market closes on Monday, April 22nd. Analysts expect Lufax to post earnings of $0.07 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Lufax (NYSE:LU) last released its quarterly earnings data on Thursday, March 21st. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.18). The company had revenue of $965.76 million for the quarter, compared to analysts’ expectations of $1.06 billion. Lufax had a return on equity of 0.94% and a net margin of 2.59%. On average, analysts expect Lufax to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Lufax Stock Up 1.6 %

LU stock opened at $4.34 on Friday. The company has a market cap of $2.49 billion, a P/E ratio of 18.87 and a beta of 0.88. Lufax has a 52 week low of $2.11 and a 52 week high of $7.88. The company’s 50-day moving average price is $3.45 and its 200 day moving average price is $3.36. The company has a current ratio of 1.68, a quick ratio of 1.59 and a debt-to-equity ratio of 0.06.

Lufax Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Tuesday, August 6th. Investors of record on Tuesday, June 4th will be issued a dividend of $0.156 per share. This represents a yield of 5.8%. The ex-dividend date is Tuesday, June 4th. Lufax’s dividend payout ratio is currently 108.70%.

Hedge Funds Weigh In On Lufax

Large investors have recently bought and sold shares of the stock. FMR LLC raised its stake in shares of Lufax by 1,442.0% in the 2nd quarter. FMR LLC now owns 10,162 shares of the company’s stock valued at $61,000 after acquiring an additional 9,503 shares during the period. KBC Group NV purchased a new position in shares of Lufax in the 4th quarter valued at $57,000. Vident Investment Advisory LLC purchased a new position in shares of Lufax in the 4th quarter valued at $51,000. American International Group Inc. raised its stake in shares of Lufax by 275.7% in the 2nd quarter. American International Group Inc. now owns 8,266 shares of the company’s stock valued at $50,000 after acquiring an additional 6,066 shares during the period. Finally, DRW Securities LLC purchased a new position in shares of Lufax in the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on LU shares. Bank of America downgraded shares of Lufax from a “buy” rating to a “neutral” rating in a report on Thursday, January 25th. Morgan Stanley upped their price target on shares of Lufax from $3.00 to $4.80 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.91.

Lufax Company Profile

Lufax Holding Ltd operates a technology-empowered personal financial services platform in China. The company offers loan products, including unsecured loans and secured loans, as well as consumer finance loans. It 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.