HSBC (HSBC) Set to Announce Quarterly Earnings on Tuesday

HSBC (NYSE:HSBC) will be announcing its earnings results after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.60 per share for the quarter.

HSBC (NYSE:HSBC) opened at $51.38 on Tuesday. HSBC has a 52 week low of $39.63 and a 52 week high of $55.89. The company has a market cap of $202,410.00, a price-to-earnings ratio of 37.50, a price-to-earnings-growth ratio of 2.34 and a beta of 0.90. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.30.

A number of equities analysts have commented on HSBC shares. BidaskClub cut shares of HSBC from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. UBS Group reissued a “neutral” rating on shares of HSBC in a research note on Monday, December 11th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of HSBC in a research note on Friday, November 24th. Macquarie initiated coverage on shares of HSBC in a research note on Wednesday, November 29th. They issued an “outperform” rating for the company. Finally, Goldman Sachs Group reaffirmed a “neutral” rating on shares of HSBC in a research note on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $31.50.

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About HSBC

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.

Earnings History for HSBC (NYSE:HSBC)

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