Erste Group Bank Forecasts Higher Earnings for Barclays

Barclays PLC (NYSE:BCS) – Investment analysts at Erste Group Bank upped their FY2026 EPS estimates for Barclays in a research report issued to clients and investors on Tuesday, May 5th. Erste Group Bank analyst H. Engel now forecasts that the financial services provider will earn $2.81 per share for the year, up from their previous forecast of $2.80. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for Barclays’ current full-year earnings is $2.75 per share. Erste Group Bank also issued estimates for Barclays’ FY2027 earnings at $3.41 EPS.

Several other brokerages also recently issued reports on BCS. Citigroup reaffirmed a “neutral” rating on shares of Barclays in a report on Thursday, April 23rd. Morgan Stanley reissued an “overweight” rating on shares of Barclays in a research note on Wednesday, February 11th. Weiss Ratings downgraded shares of Barclays from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, April 21st. Zacks Research downgraded shares of Barclays from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Finally, BNP Paribas Exane downgraded shares of Barclays from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 14th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Barclays Stock Down 3.0%

Shares of NYSE BCS opened at $23.29 on Friday. Barclays has a 12-month low of $16.19 and a 12-month high of $27.70. The company has a market capitalization of $80.31 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 0.45 and a beta of 1.01. The company has a debt-to-equity ratio of 5.94, a current ratio of 1.44 and a quick ratio of 1.44. The firm’s 50-day moving average is $22.49 and its two-hundred day moving average is $23.56.

Barclays (NYSE:BCS) last announced its quarterly earnings results on Monday, April 27th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.01. Barclays had a net margin of 21.10% and a return on equity of 8.12%. The company had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $10.88 billion.

Barclays Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, February 20th were paid a dividend of $0.3069 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a yield of 236.0%. Barclays’s dividend payout ratio (DPR) is currently 24.17%.

Hedge Funds Weigh In On Barclays

A number of large investors have recently bought and sold shares of the stock. Illumine Investment Management LLC acquired a new stake in shares of Barclays in the third quarter worth $2,195,000. Todd Asset Management LLC increased its position in shares of Barclays by 4.0% in the third quarter. Todd Asset Management LLC now owns 3,516,095 shares of the financial services provider’s stock worth $72,678,000 after acquiring an additional 134,560 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Barclays by 10.4% in the third quarter. New York State Common Retirement Fund now owns 1,830,351 shares of the financial services provider’s stock worth $37,833,000 after acquiring an additional 172,944 shares in the last quarter. Cibc World Market Inc. increased its position in shares of Barclays by 226.9% in the third quarter. Cibc World Market Inc. now owns 262,678 shares of the financial services provider’s stock worth $5,430,000 after acquiring an additional 182,318 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Barclays by 39.2% in the third quarter. American Century Companies Inc. now owns 4,841,068 shares of the financial services provider’s stock worth $100,065,000 after acquiring an additional 1,362,247 shares in the last quarter. Hedge funds and other institutional investors own 3.39% of the company’s stock.

About Barclays

Barclays PLC (NYSE: BCS) is a British multinational bank and financial services company headquartered in London. The firm provides a broad range of banking and financial products to individual, corporate and institutional customers. Its core activities span retail and business banking, credit cards and payments, corporate and investment banking, and wealth and investment management.

In retail and business banking, Barclays offers deposit accounts, mortgages, personal and business loans, and card services.