NU (NYSE:NU) Issues 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, hitting analysts’ consensus estimates of $0.12, Zacks reports. NU had a net margin of 16.28% and a return on equity of 28.70%.

NU Price Performance

Shares of NU traded down $0.15 during trading hours on Thursday, reaching $13.33. 43,048,364 shares of the company’s stock traded hands, compared to its average volume of 35,510,980. The stock has a market cap of $63.51 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.20. NU has a 12 month low of $9.67 and a 12 month high of $16.15. The firm’s 50 day simple moving average is $11.92 and its 200-day simple moving average is $13.23.

Analyst Ratings Changes

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

NU Company Profile

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.