OneConnect Financial Technology (OCFT) Set to Announce Earnings on Wednesday

OneConnect Financial Technology (NYSE:OCFT – Get Rating) will issue its quarterly earnings data after the market closes on Wednesday, May 25th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

OneConnect Financial Technology (NYSE:OCFT – Get Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported ($0.15) EPS for the quarter. The business had revenue of $200.24 million for the quarter. OneConnect Financial Technology had a negative net margin of 31.00% and a negative return on equity of 29.06%. On average, analysts expect OneConnect Financial Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of OCFT opened at $1.39 on Wednesday. The company has a market capitalization of $542.09 million, a price-to-earnings ratio of -2.62 and a beta of 0.40. The stock has a 50 day moving average of $1.43 and a 200 day moving average of $1.95. OneConnect Financial Technology has a 12 month low of $0.99 and a 12 month high of $19.60.

Several institutional investors have recently bought and sold shares of the company. UBS Group AG boosted its holdings in shares of OneConnect Financial Technology by 2.8% in the third quarter. UBS Group AG now owns 200,276 shares of the company’s stock worth $821,000 after acquiring an additional 5,548 shares during the period. Citigroup Inc. boosted its holdings in shares of OneConnect Financial Technology by 9.7% in the first quarter. Citigroup Inc. now owns 143,079 shares of the company’s stock worth $202,000 after acquiring an additional 12,637 shares during the period. Cibc World Market Inc. boosted its holdings in shares of OneConnect Financial Technology by 24.6% in the first quarter. Cibc World Market Inc. now owns 73,805 shares of the company’s stock worth $104,000 after acquiring an additional 14,574 shares during the period. Susquehanna International Group LLP boosted its holdings in shares of OneConnect Financial Technology by 42.5% in the fourth quarter. Susquehanna International Group LLP now owns 93,055 shares of the company’s stock worth $230,000 after acquiring an additional 27,740 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of OneConnect Financial Technology in the first quarter worth $41,000. 14.91% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on OCFT shares. JPMorgan Chase & Co. downgraded OneConnect Financial Technology from a “neutral” rating to an “underweight” rating in a research report on Monday, March 14th. HSBC downgraded OneConnect Financial Technology from a “buy” rating to a “hold” rating in a research report on Thursday, February 24th. Finally, Zacks Investment Research raised OneConnect Financial Technology from a “sell” rating to a “hold” rating in a research report on Thursday, April 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, OneConnect Financial Technology has a consensus rating of “Hold” and a consensus price target of $9.50.

OneConnect Financial Technology Company Profile (Get Rating)

OneConnect Financial Technology Co, Ltd. provides cloud-platform-based Fintech solutions, and online information and operating support services for financial institutions in the People’s Republic of China. It offers digital retail banking, digital commercial banking, digital auto insurance and life insurance, and artificial intelligence customer services, as well as sales management, risk management, and operation support services.

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Earnings History for OneConnect Financial Technology (NYSE:OCFT)

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