KBC Group (OTCMKTS:KBCSY) Issues Quarterly Earnings Results

KBC Group (OTCMKTS:KBCSY) announced its earnings results on Thursday. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.40 by $0.02, Zacks reports. KBC Group had a return on equity of 13.89% and a net margin of 15.70%.The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.64 billion.

KBC Group Stock Down 2.5%

Shares of OTCMKTS:KBCSY traded down $1.74 during mid-day trading on Friday, reaching $67.05. 17,505 shares of the stock were exchanged, compared to its average volume of 19,378. The stock’s 50 day simple moving average is $67.48 and its 200-day simple moving average is $62.11. KBC Group has a one year low of $38.90 and a one year high of $73.12. The company has a market cap of $56.01 billion, a P/E ratio of 13.52, a P/E/G ratio of 1.04 and a beta of 0.54.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Morgan Stanley restated an “overweight” rating on shares of KBC Group in a research note on Friday, November 14th. Citigroup reiterated a “neutral” rating on shares of KBC Group in a research report on Monday, November 24th. Royal Bank Of Canada restated a “sector perform” rating on shares of KBC Group in a research report on Monday, November 17th. Finally, Barclays lowered KBC Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, KBC Group presently has a consensus rating of “Hold”.

About KBC Group

KBC Group is a Belgian bank-insurance group headquartered in Brussels that combines retail and commercial banking with life and non-life insurance, asset management, leasing and related financial services. The company operates an integrated bank-insurance model designed to serve both individual consumers and corporate clients, offering deposit accounts, lending and mortgage products, payment and treasury services, pension and protection insurance, investment solutions and wealth management.

The group’s banking activities include retail and private banking, corporate and commercial banking, and specialized finance such as leasing and factoring.