KCG Holdings, Inc. (KCG) Set to Announce Quarterly Earnings on Wednesday
KCG Holdings, Inc. (NYSE:KCG) will announce its earnings results before the market opens on Wednesday, July 19th.
KCG Holdings (NYSE:KCG) last released its quarterly earnings results on Thursday, April 20th. The financial services provider reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.09. The firm had revenue of $255.40 million for the quarter, compared to analyst estimates of $250.75 million. KCG Holdings had a net margin of 16.25% and a return on equity of 15.36%. The business’s revenue for the quarter was down 26.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS. On average, analysts expect KCG Holdings to post $0.23 EPS for the current fiscal year and $0.55 EPS for the next fiscal year.
Shares of KCG Holdings, Inc. (KCG) opened at 19.99 on Monday. KCG Holdings, Inc. has a 52-week low of $12.21 and a 52-week high of $20.00. The stock’s 50 day moving average is $19.88 and its 200 day moving average is $16.79. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 7.25 and a beta of 1.50.
In other KCG Holdings news, General Counsel John A. Mccarthy sold 26,951 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $19.94, for a total transaction of $537,402.94. Following the transaction, the general counsel now owns 61,829 shares of the company’s stock, valued at $1,232,870.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Nick Ogurtsov sold 58,549 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $19.85, for a total transaction of $1,162,197.65. The disclosure for this sale can be found here. Company insiders own 9.40% of the company’s stock.
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KCG has been the topic of a number of analyst reports. Sandler O’Neill lowered shares of KCG Holdings from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. Wells Fargo & Company downgraded shares of KCG Holdings from an “outperform” rating to a “market perform” rating in a research note on Monday, April 3rd. Zacks Investment Research downgraded shares of KCG Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, April 22nd. Buckingham Research downgraded shares of KCG Holdings from a “buy” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research note on Thursday, April 20th. Finally, ValuEngine raised shares of KCG Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the stock. KCG Holdings currently has an average rating of “Hold” and an average target price of $17.33.
KCG Holdings Company Profile
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. The Company combines technology with client service across market making, agency execution and venues.
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