NU (NYSE:NU) Releases Quarterly Earnings Results, Meets Expectations

NU (NYSE:NU) released its earnings results on Thursday. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12, Zacks reports. NU had a return on equity of 30.99% and a net margin of 17.12%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $3.17 billion.

NU Price Performance

NU stock opened at $10.78 on Friday. NU has a 1 year low of $9.67 and a 1 year high of $16.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a 50-day moving average of $11.92 and a 200 day moving average of $13.23. The company has a market cap of $51.35 billion, a P/E ratio of 26.94, a PEG ratio of 0.48 and a beta of 1.10.

Analysts Set New Price Targets

Several research firms have recently issued reports on NU. Citigroup downgraded NU from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $14.60 to $11.00 in a research note on Monday, December 2nd. Itau BBA Securities lowered shares of NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. UBS Group lowered their target price on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday. KeyCorp upped their price target on NU from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Susquehanna lifted their price objective on NU from $16.00 to $18.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.80.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.