BNP Paribas (OTCMKTS:BNPQY) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

BNP Paribas (OTCMKTS:BNPQY) issued its quarterly earnings data on Wednesday. The financial services provider reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.11, Zacks reports. BNP Paribas had a net margin of 25.22% and a return on equity of 10.19%. The business had revenue of $32.01 billion during the quarter, compared to analysts’ expectations of $14.98 billion.

BNP Paribas Stock Performance

OTCMKTS BNPQY opened at $48.88 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.62. BNP Paribas has a 1 year low of $37.50 and a 1 year high of $65.50. The firm’s fifty day moving average price is $55.41 and its two-hundred day moving average price is $55.01. The firm has a market capitalization of $107.69 billion, a P/E ratio of 7.24, a price-to-earnings-growth ratio of 0.46 and a beta of 0.80.

Wall Street Analyst Weigh In

BNPQY has been the subject of several research analyst reports. DZ Bank raised BNP Paribas from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 24th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of BNP Paribas in a research note on Monday, October 12th. Citigroup reissued a “buy” rating on shares of BNP Paribas in a report on Monday, July 20th. Zacks Research lowered shares of BNP Paribas from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BNP Paribas in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

About BNP Paribas

BNP Paribas is a France-based international banking group offering financial services to individuals, businesses, institutions and governments. Its operations include commercial, personal and retail banking, corporate and institutional banking, and investment and protection services.

The group provides a broad range of products, including deposit and lending services, payment solutions, consumer finance, wealth management, insurance, asset management, securities services, investment banking, and financing and advisory services for corporate and institutional clients.

BNP Paribas serves customers through operations across Europe, as well as in the Americas, Asia-Pacific and other international markets.