BNP Paribas (OTCMKTS:BNPQY) Announces Quarterly Earnings Results, Beats Expectations By $0.24 EPS

BNP Paribas (OTCMKTS:BNPQY) announced its quarterly earnings results on Thursday. The financial services provider reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.24, Zacks reports. BNP Paribas had a net margin of 23.86% and a return on equity of 9.63%.

BNP Paribas Trading Down 3.4%

BNP Paribas stock traded down $2.08 during trading on Thursday, hitting $58.90. The company’s stock had a trading volume of 32,084 shares, compared to its average volume of 439,245. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market capitalization of $129.77 billion, a price-to-earnings ratio of 9.45, a P/E/G ratio of 0.60 and a beta of 0.77. The stock’s fifty day moving average is $55.95 and its 200 day moving average is $53.42. BNP Paribas has a 1-year low of $37.50 and a 1-year high of $61.18.

Analysts Set New Price Targets

A number of research firms recently commented on BNPQY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BNP Paribas in a report on Wednesday, July 15th. Citigroup reiterated a “buy” rating on shares of BNP Paribas in a research report on Monday. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

BNP Paribas Company Profile

BNP Paribas is a major international banking group headquartered in Paris, France, formed through the 2000 merger of Banque Nationale de Paris (BNP) and Paribas. The group provides a broad range of banking and financial services to retail, corporate and institutional clients, operating as one of the leading universal banks in Europe with a global footprint.

Its principal business activities encompass retail banking and services, corporate and institutional banking, and investment solutions.