NU (NYSE:NU) Posts Earnings Results, Hits Estimates

NU (NYSE:NU) posted its quarterly earnings results on Thursday. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12, Zacks reports. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.17 billion. NU had a net margin of 16.28% and a return on equity of 28.70%.

NU Price Performance

Shares of NU stock traded down $2.09 on Friday, reaching $11.26. The stock had a trading volume of 67,777,455 shares, compared to its average volume of 36,349,336. The business’s 50 day moving average is $11.95 and its two-hundred day moving average is $13.23. 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 1 year low of $9.67 and a 1 year high of $16.15. The company has a market cap of $53.64 billion, a P/E ratio of 31.39, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NU shares. UBS Group lowered their price objective on NU from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday. The Goldman Sachs Group raised their price target on shares of NU from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Citigroup lowered shares of NU from a “neutral” rating to a “sell” rating and cut their price target for the stock from $14.60 to $11.00 in a report on Monday, December 2nd. Susquehanna increased their price objective on NU from $16.00 to $18.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Finally, Itau BBA Securities downgraded NU from an “outperform” rating to a “market perform” rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, NU currently has an average rating of “Hold” and a consensus price target 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.