KBC Group (OTCMKTS:KBCSY) Posts Earnings Results, Beats Expectations By $0.02 EPS

KBC Group (OTCMKTS:KBCSY) announced its quarterly earnings results on Thursday. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.02, Zacks reports. KBC Group had a return on equity of 13.96% and a net margin of 15.91%.

KBC Group Price Performance

OTCMKTS:KBCSY traded down $3.65 during midday trading on Thursday, reaching $68.63. The stock had a trading volume of 5,611 shares, compared to its average volume of 20,382. The stock has a market capitalization of $57.33 billion, a P/E ratio of 13.70, a PEG ratio of 1.08 and a beta of 0.54. KBC Group has a 1-year low of $38.90 and a 1-year high of $73.12. The firm’s fifty day simple moving average is $67.24 and its 200-day simple moving average is $61.96.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KBCSY. Barclays lowered shares of KBC Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 2nd. Morgan Stanley restated an “overweight” rating on shares of KBC Group in a research note on Friday, November 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of KBC Group in a research note on Monday, November 17th. Finally, Citigroup reissued a “neutral” rating on shares of KBC Group in a research report on Monday, November 24th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

KBC Group Company Profile

KBC Group is a Belgian bank-insurance group headquartered in Brussels that combines retail and commercial banking with life and non-life insurance, asset management, leasing and related financial services. The company operates an integrated bank-insurance model designed to serve both individual consumers and corporate clients, offering deposit accounts, lending and mortgage products, payment and treasury services, pension and protection insurance, investment solutions and wealth management.

The group’s banking activities include retail and private banking, corporate and commercial banking, and specialized finance such as leasing and factoring.