UBS AG (UBS) Issues Earnings Results, Misses Estimates By $0.01 EPS
UBS AG (NYSE:UBS) issued its earnings results on Friday. The bank reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01), Briefing.com reports. The firm had revenue of $7.14 billion during the quarter, compared to analysts’ expectations of $7.05 billion. UBS AG had a return on equity of 7.80% and a net margin of 11.09%. The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the business earned $0.22 EPS.
UBS AG (NYSE UBS) traded down 0.64% during trading on Friday, hitting $17.01. The company’s stock had a trading volume of 2,000,780 shares. The company has a 50-day moving average of $16.98 and a 200 day moving average of $16.79. The firm has a market cap of $63.22 billion, a PE ratio of 15.71 and a beta of 1.26. UBS AG has a one year low of $13.38 and a one year high of $18.31.
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A number of brokerages recently issued reports on UBS. Zacks Investment Research lowered UBS AG from a “hold” rating to a “sell” rating in a research note on Tuesday. Instinet lowered UBS AG from a “buy” rating to a “neutral” rating in a research note on Sunday, October 1st. ValuEngine lowered UBS AG from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BNP Paribas began coverage on UBS AG in a research note on Thursday, August 31st. They issued an “outperform” rating for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. UBS AG presently has an average rating of “Hold” and an average price target of $19.00.
UBS Group AG is a holding company and conducts its operations through UBS AG and its subsidiaries. The Company comprises Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. Wealth Management division provides advice and tailored financial services to wealthy private clients around the world, except those served by Wealth Management Americas.
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