Lufax (LU) Set to Announce Earnings on Monday

Lufax (NYSE:LU) will be releasing 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.

Lufax (NYSE:LU) last posted its quarterly earnings results on Thursday, March 21st. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.18). The firm 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 1.7 %

Shares of NYSE LU traded up $0.07 during trading hours on Wednesday, hitting $4.16. The stock had a trading volume of 1,870,441 shares, compared to its average volume of 5,129,583. The firm’s 50-day moving average price is $3.34 and its two-hundred day moving average price is $3.35. Lufax has a 52 week low of $2.11 and a 52 week high of $8.32. The company has a market capitalization of $2.38 billion, a P/E ratio of 18.09 and a beta of 0.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.59 and a current ratio of 1.68.

Lufax Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Tuesday, June 4th will be given a $0.156 dividend. This represents a yield of 5.8%. The ex-dividend date is Tuesday, June 4th. Lufax’s dividend payout ratio is 108.70%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LU. Capital World Investors grew its stake in shares of Lufax by 6.3% in the first quarter. Capital World Investors now owns 56,470,472 shares of the company’s stock worth $314,541,000 after acquiring an additional 3,341,655 shares during the last quarter. BlackRock Inc. grew its position in Lufax by 1,298.8% in the 1st quarter. BlackRock Inc. now owns 28,468,748 shares of the company’s stock worth $158,571,000 after purchasing an additional 26,433,557 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Lufax by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 26,711,214 shares of the company’s stock worth $67,846,000 after purchasing an additional 288,750 shares during the period. Baillie Gifford & Co. raised its position in shares of Lufax by 0.7% during the fourth quarter. Baillie Gifford & Co. now owns 25,442,454 shares of the company’s stock valued at $49,358,000 after buying an additional 178,613 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Lufax in the fourth quarter valued at about $29,422,000. 69.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on LU. Morgan Stanley lifted their price objective on shares of Lufax from $3.00 to $4.80 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Bank of America downgraded Lufax from a “buy” rating to a “neutral” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.