China Construction Bank (OTCMKTS:CICHY) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

China Construction Bank (OTCMKTS:CICHY) issued its quarterly earnings results on Friday. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01, Zacks reports. China Construction Bank had a return on equity of 9.81% and a net margin of 25.63%.The firm had revenue of $26.13 billion during the quarter, compared to the consensus estimate of $24.24 billion.

China Construction Bank Stock Performance

OTCMKTS CICHY opened at $20.86 on Friday. The stock has a market capitalization of $272.85 billion, a price-to-earnings ratio of 5.76 and a beta of 0.13. The business’s 50 day moving average is $20.30 and its two-hundred day moving average is $20.07. China Construction Bank has a 12-month low of $15.31 and a 12-month high of $22.27. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of China Construction Bank to a “hold” rating in a research report on Monday, December 22nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

China Construction Bank Company Profile

China Construction Bank Corporation (OTCMKTS:CICHY) is one of the largest commercial banks in China, headquartered in Beijing. The bank provides a broad range of banking and financial services to corporate, institutional and individual customers. It is widely recognized as one of the major state-owned banks in China and has played a significant role in financing infrastructure, real estate and corporate development across the country.

CCB’s core business activities include corporate banking, personal banking and treasury operations.