Jefferies Financial Group Comments on Royal Bank of Scotland Group PLC’s Q2 2019 Earnings (NYSE:RBS)

Royal Bank of Scotland Group PLC (NYSE:RBS) – Investment analysts at Jefferies Financial Group issued their Q2 2019 earnings per share (EPS) estimates for shares of Royal Bank of Scotland Group in a research report issued on Thursday, June 13th. Jefferies Financial Group analyst J. Dickerson anticipates that the financial services provider will earn $0.20 per share for the quarter. Jefferies Financial Group also issued estimates for Royal Bank of Scotland Group’s Q3 2019 earnings at $0.21 EPS, Q4 2019 earnings at $0.21 EPS, FY2019 earnings at $0.87 EPS and FY2021 earnings at $1.12 EPS.

Royal Bank of Scotland Group (NYSE:RBS) last announced its quarterly earnings data on Friday, April 26th. The financial services provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The firm had revenue of $3.96 billion during the quarter, compared to analyst estimates of $4.25 billion. Royal Bank of Scotland Group had a net margin of 12.31% and a return on equity of 5.09%.

A number of other research analysts have also weighed in on the company. Zacks Investment Research lowered Royal Bank of Scotland Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 28th. ValuEngine lowered Royal Bank of Scotland Group from a “sell” rating to a “strong sell” rating in a report on Thursday, May 23rd. Numis Securities raised Royal Bank of Scotland Group from an “add” rating to a “buy” rating in a report on Wednesday, May 1st. Keefe, Bruyette & Woods lowered Royal Bank of Scotland Group from an “outperform” rating to an “underperform” rating in a report on Wednesday, May 1st. Finally, Bank of America raised Royal Bank of Scotland Group from an “underperform” rating to a “neutral” rating in a report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. Royal Bank of Scotland Group has an average rating of “Hold” and an average price target of $7.50.

Shares of RBS stock opened at $5.52 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $33.01 billion, a PE ratio of 11.50 and a beta of 1.10. Royal Bank of Scotland Group has a fifty-two week low of $4.98 and a fifty-two week high of $7.31.

A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in Royal Bank of Scotland Group by 17.5% during the first quarter. Dimensional Fund Advisors LP now owns 5,085,529 shares of the financial services provider’s stock worth $33,158,000 after buying an additional 758,990 shares in the last quarter. Renaissance Technologies LLC lifted its position in Royal Bank of Scotland Group by 7.8% during the first quarter. Renaissance Technologies LLC now owns 5,021,600 shares of the financial services provider’s stock worth $32,741,000 after buying an additional 364,700 shares in the last quarter. Northern Trust Corp lifted its position in Royal Bank of Scotland Group by 7.3% during the first quarter. Northern Trust Corp now owns 3,941,206 shares of the financial services provider’s stock worth $25,697,000 after buying an additional 269,303 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in Royal Bank of Scotland Group by 17.4% during the first quarter. Parametric Portfolio Associates LLC now owns 3,171,259 shares of the financial services provider’s stock worth $20,677,000 after buying an additional 470,456 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in Royal Bank of Scotland Group by 349.1% during the fourth quarter. Jane Street Group LLC now owns 1,472,631 shares of the financial services provider’s stock worth $8,138,000 after buying an additional 1,144,699 shares in the last quarter. Hedge funds and other institutional investors own 0.62% of the company’s stock.

Royal Bank of Scotland Group Company Profile

The Royal Bank of Scotland Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers worldwide. It operates through Personal & Business Banking, Commercial & Private Banking, RBS International, and NatWest Markets segments.

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Earnings History and Estimates for Royal Bank of Scotland Group (NYSE:RBS)

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