KBC Group (KBCSY) Projected to Post Quarterly Earnings on Tuesday

KBC Group (OTCMKTS:KBCSY) is expected to issue its resultson Tuesday, May 12th. Analysts expect the company to announce earnings of $0.84 per share and revenue of $3.7841 billion for the quarter.

KBC Group (OTCMKTS:KBCSY) last posted its earnings results on Thursday, February 12th. The company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.02. The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.64 billion. KBC Group had a net margin of 15.70% and a return on equity of 13.89%. On average, analysts expect KBC Group to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

KBC Group Stock Performance

OTCMKTS KBCSY opened at $67.98 on Friday. The firm has a 50-day moving average of $64.63 and a 200-day moving average of $64.85. The stock has a market cap of $56.79 billion, a PE ratio of 13.71, a P/E/G ratio of 0.91 and a beta of 0.60. KBC Group has a 52-week low of $45.24 and a 52-week high of $73.12.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Zacks Research cut shares of KBC Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of KBC Group in a research note on Tuesday, February 24th. Finally, Citigroup restated a “neutral” rating on shares of KBC Group in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently 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.