Futu (FUTU) Scheduled to Post Earnings on Tuesday

Futu (NASDAQ:FUTU) will be posting its quarterly earnings results before the market opens on Tuesday, May 28th. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Futu (NASDAQ:FUTU) last announced its quarterly earnings data on Thursday, March 14th. The company reported $0.81 earnings per share for the quarter. Futu had a net margin of 42.77% and a return on equity of 18.46%. The business had revenue of $303.84 million during the quarter, compared to the consensus estimate of $374.14 million. On average, analysts expect Futu to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Futu Stock Up 1.1 %

Shares of NASDAQ:FUTU opened at $74.64 on Friday. Futu has a fifty-two week low of $35.91 and a fifty-two week high of $81.86. The firm has a 50-day simple moving average of $63.20 and a 200 day simple moving average of $56.43.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Citigroup lowered their price objective on shares of Futu from $76.90 to $75.30 and set a “buy” rating for the company in a research report on Friday, March 15th. CLSA raised shares of Futu from an “underperform” rating to an “outperform” rating and boosted their target price for the company from $50.00 to $65.00 in a research note on Monday, March 18th. Finally, JPMorgan Chase & Co. lowered shares of Futu from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $64.00 to $62.00 in a research note on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Futu has an average rating of “Moderate Buy” and an average price target of $64.80.

About Futu

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.