BNP Paribas (OTCMKTS:BNPQY) Issues Quarterly Earnings Results, Beats Expectations By $0.13 EPS

BNP Paribas (OTCMKTS:BNPQY) issued its quarterly earnings results on Thursday. The financial services provider reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.13, Zacks reports. The company had revenue of $86.05 billion for the quarter, compared to analysts’ expectations of $15.84 billion. BNP Paribas had a return on equity of 9.61% and a net margin of 23.86%.

BNP Paribas Stock Up 0.3%

Shares of OTCMKTS BNPQY traded up $0.16 during trading on Friday, reaching $52.65. The company had a trading volume of 137,763 shares, compared to its average volume of 345,630. The stock has a market cap of $116.00 billion, a PE ratio of 8.91, a P/E/G ratio of 0.66 and a beta of 0.76. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.75. BNP Paribas has a 12-month low of $37.50 and a 12-month high of $57.31. The business’s 50-day moving average is $51.55 and its 200 day moving average is $48.09.

Wall Street Analysts Forecast Growth

BNPQY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BNP Paribas in a research note on Tuesday, February 17th. Zacks Research cut BNP Paribas from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Keefe, Bruyette & Woods raised BNP Paribas from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 6th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of BNP Paribas in a research note on Friday, February 6th. Finally, Citigroup reissued a “buy” rating on shares of BNP Paribas in a research note on Thursday, April 23rd. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

BNP Paribas Company Profile

BNP Paribas is a major international banking group headquartered in Paris, France, formed through the 2000 merger of Banque Nationale de Paris (BNP) and Paribas. The group provides a broad range of banking and financial services to retail, corporate and institutional clients, operating as one of the leading universal banks in Europe with a global footprint.

Its principal business activities encompass retail banking and services, corporate and institutional banking, and investment solutions.