KBC Group (OTCMKTS:KBCSY) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

KBC Group (OTCMKTS:KBCSY) released its earnings results on Thursday. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.06, Zacks reports. KBC Group had a return on equity of 14.18% and a net margin of 15.04%.

KBC Group Stock Down 0.3%

Shares of OTCMKTS KBCSY traded down $0.19 during mid-day trading on Thursday, reaching $63.38. 6,367 shares of the company were exchanged, compared to its average volume of 33,217. The stock has a market capitalization of $52.92 billion, a P/E ratio of 13.31, a P/E/G ratio of 1.41 and a beta of 0.80. The company’s 50-day simple moving average is $59.35 and its 200-day simple moving average is $54.59. KBC Group has a twelve month low of $35.43 and a twelve month high of $63.93.

Wall Street Analysts Forecast Growth

KBCSY has been the subject of several recent research reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of KBC Group in a report on Friday, August 8th. Morgan Stanley reissued an “overweight” rating on shares of KBC Group in a research note on Wednesday, October 8th. Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of KBC Group in a research report on Tuesday, August 12th. Finally, Zacks Research downgraded KBC Group from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, KBC Group currently has a consensus rating of “Hold”.

About KBC Group

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. The company offers demand deposits and savings accounts; home and mortgage loans; consumer finance and SME funding services; credit, investment fund and asset management, and life and non-life insurance; and cash management, payments, trade finance, lease, money market, capital market products, and stockbroking services.