Lufax (LU) to Release Earnings on Monday

Lufax (NYSE:LU) will release its earnings data after the market closes on Monday, April 22nd. Analysts expect Lufax to post earnings of $0.07 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Lufax (NYSE:LU) last posted its quarterly earnings data on Thursday, March 21st. The company reported ($0.21) earnings per share (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 Price Performance

Shares of NYSE:LU opened at $4.34 on Friday. The company has a quick ratio of 1.59, a current ratio of 1.68 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $2.49 billion, a PE ratio of 18.87 and a beta of 0.88. Lufax has a twelve month low of $2.11 and a twelve month high of $7.88. The company has a 50-day moving average price of $3.45 and a two-hundred day moving average price of $3.36.

Lufax Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Bank of America cut shares of Lufax from a “buy” rating to a “neutral” rating in a research note on Thursday, January 25th. Morgan Stanley boosted their price target on shares of Lufax from $3.00 to $4.80 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Lufax has a consensus rating of “Hold” and a consensus price target of $6.91.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its position in shares of Lufax by 1,442.0% in the 2nd quarter. FMR LLC now owns 10,162 shares of the company’s stock worth $61,000 after buying an additional 9,503 shares during the period. KBC Group NV purchased a new stake in shares of Lufax during the 4th quarter valued at about $57,000. Vident Investment Advisory LLC purchased a new stake in shares of Lufax during the 4th quarter valued at about $51,000. American International Group Inc. boosted its holdings in shares of Lufax by 275.7% during 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 last quarter. Finally, DRW Securities LLC purchased a new stake in shares of Lufax during the 4th quarter valued at about $49,000. 69.14% of the stock is currently owned by institutional investors.

About Lufax

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.