Lloyds TSB Group plc (LYG) Posts Quarterly Results
Lloyds TSB Group plc (NYSE:LYG) posted its quarterly earnings results on Tuesday. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.03, Analyst Ratings Net reports. The company had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.62 billion. The company’s revenue for the quarter was down .7% on a year-over-year basis.
Lloyds TSB Group plc (NYSE:LYG) traded down 4.32% during mid-day trading on Tuesday, hitting $5.0999. The stock had a trading volume of 2,562,705 shares. Lloyds TSB Group plc has a one year low of $2.04 and a one year high of $4.94. The stock has a 50-day moving average of $4.6 and a 200-day moving average of $3.77. The company has a market cap of $91.831 billion and a price-to-earnings ratio of 70.13.
LYG has been the subject of a number of recent research reports. Analysts at Numis Securities Ltd downgraded shares of Lloyds TSB Group plc to a “hold” rating in a research note to investors on Tuesday. On a related note, analysts at Investec downgraded shares of Lloyds TSB Group plc from a “buy” rating to a “hold” rating in a research note to investors on Monday. Finally, analysts at Keefe, Bruyette & Woods upgraded shares of Lloyds TSB Group plc from an “underperform” rating to a “market perform” rating in a research note to investors on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold”.
Lloyds Banking Group plc is a financial services group providing a range of banking and financial services, primarily in the United Kingdom, to personal and corporate customers.
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