HSBC Holdings plc to Post FY2017 Earnings of $3.45 Per Share, Jefferies Group Forecasts (HSBC)

HSBC Holdings plc (NYSE:HSBC) – Research analysts at Jefferies Group issued their FY2017 earnings per share (EPS) estimates for shares of HSBC in a research report issued to clients and investors on Monday. Jefferies Group analyst J. Dickerson forecasts that the financial services provider will post earnings of $3.45 per share for the year. Jefferies Group also issued estimates for HSBC’s Q4 2017 earnings at $0.60 EPS, FY2018 earnings at $3.85 EPS and FY2019 earnings at $3.90 EPS.

HSBC (NYSE:HSBC) last posted its earnings results on Monday, October 30th. The financial services provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.20). HSBC had a return on equity of 6.62% and a net margin of 20.66%.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of HSBC from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 9th. BidaskClub raised shares of HSBC from a “sell” rating to a “hold” rating in a research report on Saturday, November 11th. UBS Group reissued a “neutral” rating on shares of HSBC in a research report on Wednesday, November 29th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of HSBC in a research report on Friday, November 24th. Finally, Goldman Sachs Group reissued a “neutral” rating on shares of HSBC in a research report on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.50.

HSBC (HSBC) opened at $54.90 on Wednesday. HSBC has a 12-month low of $39.63 and a 12-month high of $55.20. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $219,270.06, a price-to-earnings ratio of 39.21, a PEG ratio of 2.57 and a beta of 0.93.

A number of institutional investors and hedge funds have recently bought and sold shares of HSBC. Harding Loevner LP raised its holdings in HSBC by 4,384.0% in the third quarter. Harding Loevner LP now owns 98,112,785 shares of the financial services provider’s stock valued at $17,392,000 after acquiring an additional 95,924,743 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in HSBC in the third quarter valued at $19,699,000. Fisher Asset Management LLC raised its holdings in HSBC by 2.2% in the third quarter. Fisher Asset Management LLC now owns 13,824,918 shares of the financial services provider’s stock valued at $683,089,000 after acquiring an additional 291,811 shares in the last quarter. Quantitative Investment Management LLC acquired a new stake in HSBC in the second quarter valued at $13,392,000. Finally, Parametric Portfolio Associates LLC raised its holdings in HSBC by 12.7% in the third quarter. Parametric Portfolio Associates LLC now owns 2,338,801 shares of the financial services provider’s stock valued at $115,560,000 after acquiring an additional 263,130 shares in the last quarter. 2.24% of the stock is currently owned by hedge funds and other institutional investors.

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HSBC Company Profile

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

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