BNP Paribas (OTCMKTS:BNPQY) Issues Quarterly Earnings Results, Beats Estimates By $0.12 EPS

BNP Paribas (OTCMKTS:BNPQY) posted its earnings results on Thursday. The financial services provider reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.12, Zacks reports. BNP Paribas had a return on equity of 8.56% and a net margin of 22.74%.

BNP Paribas Stock Up 1.2%

Shares of BNPQY traded up $0.67 on Thursday, reaching $54.34. The company’s stock had a trading volume of 297,069 shares, compared to its average volume of 441,048. The stock has a market capitalization of $119.72 billion, a PE ratio of 9.79, a PEG ratio of 0.78 and a beta of 0.72. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.75. BNP Paribas has a twelve month low of $34.77 and a twelve month high of $54.97. The firm has a fifty day moving average of $48.42 and a 200-day moving average of $45.50.

Analyst Upgrades and Downgrades

BNPQY has been the topic of several research analyst reports. Keefe, Bruyette & Woods upgraded BNP Paribas from a “moderate sell” rating to a “hold” rating in a report on Monday, December 15th. Zacks Research raised shares of BNP Paribas from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BNP Paribas in a research report on Wednesday, January 21st. Barclays cut BNP Paribas from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of BNP Paribas in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, BNP Paribas currently has a consensus rating of “Hold”.

About BNP Paribas

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.