KBC Group (OTCMKTS:KBCSY) Announces Earnings Results

KBC Group (OTCMKTS:KBCSY) issued its quarterly earnings results on Thursday. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.02, Zacks reports. KBC Group had a net margin of 15.58% and a return on equity of 13.42%.

KBC Group Stock Performance

OTCMKTS KBCSY traded down $2.98 during trading hours on Thursday, reaching $63.86. 36,409 shares of the company’s stock were exchanged, compared to its average volume of 29,328. The company has a market capitalization of $53.34 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 0.90 and a beta of 0.67. KBC Group has a one year low of $58.60 and a one year high of $78.02. The company’s 50-day moving average is $70.25 and its two-hundred day moving average is $68.55.

Analysts Set New Price Targets

Several equities analysts recently issued reports on KBCSY shares. Royal Bank Of Canada restated a “sector perform” rating on shares of KBC Group in a research note on Monday, August 10th. Jefferies Financial Group began coverage on shares of KBC Group in a report on Wednesday, September 16th. They set a “buy” rating for the company. Finally, Citigroup raised KBC Group from a “hold” rating to a “buy” rating in a report on Thursday, October 22nd. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

KBC Group Company Profile

KBC Group is a Belgium-based financial services group that combines banking and insurance. It serves individuals, businesses and institutional clients through retail and commercial banking, private banking, insurance, and related financial services. The group’s core markets include Belgium and several Central and Eastern European countries, including the Czech Republic, Slovakia, Hungary and Bulgaria. Its offerings include deposit and lending products, payment services, investment and wealth-management services, and life and non-life insurance, delivered through branches and digital channels.