KBC Group (OTCMKTS:KBCSY – Get Free Report) announced its earnings results on Tuesday. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.07), Zacks reports. KBC Group had a return on equity of 13.51% and a net margin of 14.98%.The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.79 billion.
KBC Group Stock Performance
KBCSY stock traded down $0.24 during midday trading on Thursday, hitting $65.79. 10,035 shares of the stock were exchanged, compared to its average volume of 29,702. The stock’s 50-day moving average price is $64.60 and its 200-day moving average price is $65.08. The stock has a market cap of $54.96 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.88 and a beta of 0.60. KBC Group has a fifty-two week low of $46.46 and a fifty-two week high of $73.12.
Wall Street Analyst Weigh In
KBCSY has been the subject of several recent research reports. Citigroup reiterated a “neutral” rating on shares of KBC Group in a research note on Monday, February 23rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of KBC Group in a research report on Tuesday, February 24th. Finally, Zacks Research downgraded shares of KBC Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, KBC Group currently 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.
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