Lufax (NYSE:LU) Releases Earnings Results, Misses Estimates By $0.15 EPS

Lufax (NYSE:LU) announced its quarterly earnings data on Monday. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.15), Yahoo Finance reports. Lufax had a negative return on equity of 2.66% and a negative net margin of 8.70%. The business had revenue of $789.93 million for the quarter. During the same quarter in the previous year, the company earned $0.04 earnings per share.

Lufax Price Performance

LU stock traded down $0.04 during midday trading on Tuesday, hitting $2.99. 85,263 shares of the stock were exchanged, compared to its average volume of 4,181,385. The stock’s 50-day moving average price is $2.77 and its 200-day moving average price is $3.20. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -21.29 and a beta of 0.85. Lufax has a fifty-two week low of $2.00 and a fifty-two week high of $4.94.

Analyst Upgrades and Downgrades

Separately, Bank of America cut their price target on shares of Lufax from $5.22 to $2.75 and set a “neutral” rating for the company in a report on Friday, August 23rd.

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.