NatWest Group (OTCMKTS:RBSPF) Releases Earnings Results, Beats Expectations By $0.04 EPS

NatWest Group (OTCMKTS:RBSPF) posted its earnings results on Friday. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04, Zacks reports. The firm had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.83 billion. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%.

NatWest Group Stock Performance

Shares of RBSPF opened at $9.49 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. NatWest Group has a 12-month low of $6.70 and a 12-month high of $9.71. The firm’s 50 day moving average is $8.55 and its 200-day moving average is $8.27. The stock has a market capitalization of $76.06 billion, a P/E ratio of 10.20 and a beta of 0.98.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upgraded NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

About NatWest Group

NatWest Group plc is a major UK-based banking and financial services company headquartered in Edinburgh, Scotland. The group traces its roots to the Royal Bank of Scotland, founded in 1727, and grew through subsequent mergers and acquisitions—most notably the acquisition of National Westminster Bank (NatWest) in 2000. In 2020 the firm adopted the NatWest Group name to align the corporate identity more closely with its primary retail brand. Over its long history the group has undergone significant restructuring and recapitalization, including interventions and reforms following the global financial crisis.

NatWest Group operates across retail, commercial, corporate and institutional banking, as well as wealth management and private banking.