Lufax (NYSE:LU) Posts Earnings Results, Misses Expectations By $0.26 EPS

Lufax (NYSE:LU) announced its quarterly earnings data on Wednesday. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.26), Zacks reports. The business had revenue of $822.36 million during the quarter. Lufax had a negative return on equity of 0.72% and a negative net margin of 2.17%. During the same quarter in the previous year, the company posted $0.24 earnings per share.

Lufax Stock Performance

NYSE:LU traded down $0.05 during mid-day trading on Friday, reaching $2.29. 2,391,949 shares of the company’s stock were exchanged, compared to its average volume of 4,307,701. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a market capitalization of $1.31 billion, a PE ratio of -16.32, a price-to-earnings-growth ratio of 0.36 and a beta of 0.83. Lufax has a one year low of $2.00 and a one year high of $5.52. The business’s fifty day simple moving average is $2.68 and its two-hundred day simple moving average is $3.30.

Analysts Set New Price Targets

Separately, Bank of America lowered their price target on Lufax from $5.22 to $2.75 and set a “neutral” rating on the stock in a research report on Friday.

Lufax Company Profile

Lufax Holding Ltd operates as a financial service empowering institution for small and micro businesses in China. The company offers loan products, including general unsecured loans and secured loans, as well as consumer finance loans. It also provides wealth management products, such as asset management plans, mutual fund products, private investment fund products, and trust products.