NU (NU) Set to Announce Earnings on Tuesday

NU (NYSE:NU) will be releasing its earnings data after the market closes on Tuesday, August 13th. Analysts expect NU to post earnings of $0.10 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

NU (NYSE:NU) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.58 billion. NU had a return on equity of 22.94% and a net margin of 13.86%. On average, analysts expect NU to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NU Trading Up 4.3 %

NU opened at $12.40 on Monday. NU has a 52 week low of $6.61 and a 52 week high of $13.64. The company has a market capitalization of $59.10 billion, a P/E ratio of 47.69, a PEG ratio of 0.54 and a beta of 1.13. The stock’s fifty day moving average is $12.28 and its two-hundred day moving average is $11.51. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.21.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NU. Susquehanna raised their price target on NU from $14.00 to $16.00 and gave the company a “positive” rating in a research note on Tuesday, July 16th. Barclays started coverage on shares of NU in a report on Wednesday, June 26th. They issued an “overweight” rating and a $15.00 price target for the company. UBS Group downgraded shares of NU from a “buy” rating to a “neutral” rating and set a $13.50 price objective on the stock. in a research note on Friday, August 2nd. JPMorgan Chase & Co. downgraded shares of NU from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $12.00 to $14.50 in a research note on Monday, July 22nd. Finally, The Goldman Sachs Group increased their target price on NU from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, NU presently has a consensus rating of “Moderate Buy” and an average price target of $13.18.

NU Company Profile

Nu Holdings Ltd. provides digital banking platform and digital financial services in Brazil, Mexico, Colombia, and internationally. It offers Nu credit and debit cards; Ultraviolet credit and debit cards; and mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones.