Futu (FUTU) Scheduled to Post Earnings on Tuesday

Futu (NASDAQ:FUTU) will be posting its quarterly earnings results before the market opens on Tuesday, August 20th. Parties that are interested in registering for the company’s conference call can do so using this link.

Futu (NASDAQ:FUTU) last posted its earnings results on Tuesday, May 28th. The company reported $0.95 EPS for the quarter. Futu had a net margin of 40.86% and a return on equity of 17.16%. The firm had revenue of $331.27 million for the quarter. During the same period last year, the business earned $1.08 earnings per share. On average, analysts expect Futu to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Futu Price Performance

NASDAQ FUTU opened at $61.51 on Monday. The company has a fifty day moving average of $64.86 and a two-hundred day moving average of $62.24. The company has a market capitalization of $9.25 billion, a PE ratio of 16.27, a P/E/G ratio of 0.93 and a beta of 0.74. Futu has a 1 year low of $43.61 and a 1 year high of $81.86.

Analyst Ratings Changes

A number of research firms recently issued reports on FUTU. Bank of America raised their price target on Futu from $81.00 to $85.80 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. JPMorgan Chase & Co. upgraded shares of Futu from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $62.00 to $92.00 in a research report on Tuesday, May 28th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.37.

Futu Company Profile

Futu Holdings Limited provides digitalized securities brokerage and wealth management product distribution service in Hong Kong and internationally. It offers online financial services, including securities and derivative trades brokerage, margin financing and fund distribution services through its Futubull and Moomoo digital platforms.