Fanhua Inc. (NASDAQ:FANH) is set to announce second quarter earning results on Monday 24th August 2020, after market close.
Previous Quarter Performance
Fanhua Inc. unwinded income for the first quarter of $ 0.12 per share, from the revenue of $ 102.05 million. Wall street analysts are predicting revenue of $ 142.56 million The top line results fell short of analysts by $ 40.51 million or 28.42 percent.
Stock Performance
Shares of Fanhua Inc. traded low $ -0.53 or -2.47 percent on Saturday, reaching $ 20.90 with volume of 76.40 thousand shares. The stock opened down for the day at $ 21.32, after closing the previous day trading at $ 21.43.
According to the previous trading day, closing price of $ 21.43, representing a 32.37 % increase from the 52 week low of $ 16.19 and a 24.22 % decrease over the 52 week high of $ 28.28.
With respect to the key metrics, Fanhua Inc. stock has advanced $ 0.64 or 3.00 percent, reaching $ 20.26 during the simple moving average (SMA) period of 200 days. Similarly, the stock has decreased $ -0.08 or 0.00 percent, before arriving at $ 20.98 during the SMA50-day period.
The company has a market capital of $ 1.12 billion and is part of the Financial Services sector and Insurance Brokers industry.
Recent Stock Dividend Announcement
On May 26, 2020, the board of directors authorized quarterly dividend of $ 0.25 per share to holders of record as of the close of business on June 10, 2020, with payment date of June 24, 2020 and ex-dividend date on June 9, 2020.
Conference Call
Fanhua Inc. will be hosting a conference call at 9:00 PM eastern time on 24th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website https://edge.media-server.com/mmc/p/oy68sqcs
Fanhua Inc. distributes insurance products in China. It operates through two segments, Insurance Agency and Claims Adjusting.
