Futu (FUTU) Set to Announce Quarterly Earnings on Tuesday

Futu (NASDAQ:FUTU - Get Free Report) will be posting its quarterly earnings results before the market opens on Tuesday, November 19th. Individual interested in listening to the company's earnings conference call can do so using this link.

Futu (NASDAQ:FUTU - Get Free Report) last issued its quarterly earnings results on Tuesday, August 20th. The company reported $1.11 EPS for the quarter. The company had revenue of $400.73 million for the quarter. Futu had a net margin of 39.27% and a return on equity of 16.77%. On average, analysts expect Futu to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Futu Stock Down 8.4 %

NASDAQ:FUTU traded down $8.51 during mid-day trading on Tuesday, hitting $93.40. 2,213,232 shares of the stock traded hands, compared to its average volume of 2,352,878. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 0.98 and a beta of 0.75. Futu has a 52 week low of $43.61 and a 52 week high of $130.50. The firm's 50 day moving average is $87.56 and its two-hundred day moving average is $74.43.

Analyst Ratings Changes

Separately, Bank of America boosted their price objective on shares of Futu from $80.20 to $90.00 and gave the company a "buy" rating in a research report on Friday, September 27th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $72.97.

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.