KBC Group (OTCMKTS:KBCSY) Posts Earnings Results, Misses Estimates By $0.07 EPS

KBC Group (OTCMKTS:KBCSY) issued its quarterly earnings results on Tuesday. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.07), Zacks reports. KBC Group had a net margin of 15.70% and a return on equity of 13.89%.

KBC Group Stock Performance

KBCSY stock traded down $2.44 during trading on Tuesday, reaching $65.54. 720 shares of the company traded hands, compared to its average volume of 30,284. KBC Group has a 12 month low of $45.28 and a 12 month high of $73.12. The business has a 50 day simple moving average of $64.64 and a 200 day simple moving average of $64.98. The company has a market capitalization of $54.75 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 0.91 and a beta of 0.60.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KBCSY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of KBC Group in a research report on Tuesday, February 24th. Zacks Research lowered 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 report on Monday, February 23rd. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company 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.