Lufax (LU) Set to Announce Quarterly Earnings on Monday

Lufax (NYSE:LU) will post its quarterly earnings results 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 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 company had revenue of $965.76 million for the quarter, compared to analysts’ expectations of $1.06 billion. Lufax had a net margin of 2.59% and a return on equity of 0.94%. On average, analysts expect Lufax to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Lufax Price Performance

NYSE:LU traded up $0.07 during mid-day trading on Wednesday, hitting $4.16. 1,870,441 shares of the stock traded hands, compared to its average volume of 5,129,583. Lufax has a 12-month low of $2.11 and a 12-month high of $8.32. The company has a quick ratio of 1.59, a current ratio of 1.68 and a debt-to-equity ratio of 0.06. The company has a market cap of $2.38 billion, a PE ratio of 18.09 and a beta of 0.88. The business’s 50-day moving average price is $3.34 and its 200 day moving average price is $3.35.

Lufax Cuts Dividend

The company also recently declared a — dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Tuesday, June 4th will be given a dividend of $0.156 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a dividend yield of 5.8%. Lufax’s dividend payout ratio (DPR) is currently 108.70%.

Hedge Funds Weigh In On Lufax

Large investors have recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec boosted its position in Lufax by 2.6% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 111,871 shares of the company’s stock valued at $623,000 after buying an additional 2,871 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Lufax by 6.7% in the 4th quarter. Principal Financial Group Inc. now owns 70,798 shares of the company’s stock valued at $137,000 after acquiring an additional 4,455 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Lufax by 1,344.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,693 shares of the company’s stock valued at $31,000 after acquiring an additional 5,299 shares during the period. California State Teachers Retirement System grew its position in Lufax by 2.9% during the 3rd quarter. California State Teachers Retirement System now owns 197,928 shares of the company’s stock worth $503,000 after acquiring an additional 5,628 shares during the last quarter. Finally, American International Group Inc. increased its stake in Lufax by 275.7% in the 2nd quarter. American International Group Inc. now owns 8,266 shares of the company’s stock worth $50,000 after purchasing an additional 6,066 shares during the period. 69.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Bank of America lowered Lufax from a “buy” rating to a “neutral” rating in a research note on Thursday, January 25th. Morgan Stanley lifted their price target on Lufax from $3.00 to $4.80 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Lufax currently has a consensus rating of “Hold” and a consensus price target of $6.91.

About Lufax

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.