KBC Group (KBCSY) Projected to Post Quarterly Earnings on Tuesday

KBC Group (OTCMKTS:KBCSY) is expected to post its resultson Tuesday, May 12th. Analysts expect KBC Group to post earnings of $0.84 per share and revenue of $3.7841 billion for the quarter.

KBC Group (OTCMKTS:KBCSY) last announced its quarterly earnings results on Thursday, February 12th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.40 by $0.02. KBC Group had a net margin of 15.70% and a return on equity of 13.89%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.64 billion. On average, analysts expect KBC Group to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

KBC Group Trading Up 1.3%

OTCMKTS:KBCSY traded up $0.82 during midday trading on Tuesday, hitting $65.42. 12,964 shares of the company were exchanged, compared to its average volume of 30,932. The company has a fifty day simple moving average of $64.71 and a 200 day simple moving average of $64.67. KBC Group has a fifty-two week low of $45.19 and a fifty-two week high of $73.12. The company has a market capitalization of $54.65 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 0.89 and a beta of 0.60.

Analyst Ratings Changes

A number of research analysts have commented on KBCSY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of KBC Group in a research note on Tuesday, February 24th. Zacks Research lowered shares of KBC Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Finally, Citigroup restated a “neutral” rating on shares of KBC Group in a research note on Monday, February 23rd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock 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.