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Futu (NASDAQ:FUTU) Announces Quarterly Earnings Results

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Futu (NASDAQ:FUTU - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $1.72 earnings per share for the quarter, missing the consensus estimate of $13.30 by ($11.58), Zacks reports. Futu had a net margin of 38.59% and a return on equity of 16.86%.

Futu Stock Down 1.7 %

NASDAQ:FUTU traded down $1.91 during mid-day trading on Thursday, hitting $109.82. 2,437,346 shares of the company traded hands, compared to its average volume of 2,524,631. The firm has a market cap of $15.13 billion, a price-to-earnings ratio of 26.93, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. Futu has a one year low of $51.80 and a one year high of $130.88. The stock's fifty day moving average price is $100.07 and its 200-day moving average price is $90.48.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FUTU shares. Morgan Stanley raised Futu from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $70.00 to $115.00 in a report on Monday, November 18th. Citigroup downgraded Futu from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $79.00 to $95.00 in a report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $91.40.

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View Our Latest Research Report on FUTU

Futu Company Profile

(Get Free Report)

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.

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Earnings History for Futu (NASDAQ:FUTU)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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