Knight Capital Group (KCG) Releases Quarterly Earnings Results, Beats Expectations By $0.81 EPS
Knight Capital Group (NYSE:KCG) announced its earnings results on Wednesday. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.81, Analyst Ratings News reports. The company had revenue of $339.80 million for the quarter, compared to the consensus estimate of $351.23 million. During the same quarter last year, the company posted ($6.30) earnings per share. Knight Capital Group’s revenue was up 160.2% compared to the same quarter last year.
Shares of Knight Capital Group (NYSE:KCG) opened at 8.62 on Wednesday. Knight Capital Group has a one year low of $8.11 and a one year high of $12.14. The stock has a 50-day moving average of $8.6 and a 200-day moving average of $9.22. The company’s market cap is $97.1 million.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Knight Capital Group from $8.50 to $9.50 in a research note to investors on Wednesday, October 23rd. They now have a “neutral” rating on the stock. On a related note, analysts at Compass Point initiated coverage on shares of Knight Capital Group in a research note to investors on Friday, September 6th. They set a “buy” rating and a $11.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Knight Capital Group from $3.00 to $9.00 in a research note to investors on Tuesday, August 13th. They now have an “equal weight” rating on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Knight Capital Group presently has a consensus rating of “Hold” and a consensus price target of $9.63.
KCG Holdings, Inc is a holding company. The Company is an independent securities company offering investors a range of services designed to address trading needs across asset classes, product types and time zones.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.