HSBC (HSBC) Set to Announce Quarterly Earnings on Tuesday

HSBC (NYSE:HSBC) is set to release its earnings data before the market opens on Tuesday, April 30th.

HSBC (NYSE:HSBC) last announced its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.33). HSBC had a net margin of 19.02% and a return on equity of 12.89%. The business had revenue of $13.02 billion during the quarter. On average, analysts expect HSBC to post $7 EPS for the current fiscal year and $6 EPS for the next fiscal year.

HSBC Trading Up 0.2 %

HSBC traded up $0.09 during trading on Friday, reaching $41.90. 1,402,848 shares of the company’s stock were exchanged, compared to its average volume of 1,921,543. The company’s fifty day moving average price is $39.52 and its 200-day moving average price is $39.14. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $158.45 billion, a PE ratio of 7.35, a P/E/G ratio of 0.99 and a beta of 0.63. HSBC has a fifty-two week low of $35.30 and a fifty-two week high of $42.47.

HSBC Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Friday, March 8th were paid a dividend of $1.55 per share. The ex-dividend date was Thursday, March 7th. This is a boost from HSBC’s previous quarterly dividend of $0.50. This represents a $6.20 dividend on an annualized basis and a dividend yield of 14.80%. HSBC’s payout ratio is 108.42%.

Analysts Set New Price Targets

HSBC has been the topic of a number of recent analyst reports. Barclays restated an “equal weight” rating on shares of HSBC in a report on Wednesday, March 27th. BNP Paribas lowered shares of HSBC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $811.00.

HSBC Company Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.