KBC Group (KBCSY) Projected to Post Quarterly Earnings on Thursday

KBC Group (OTCMKTS:KBCSY) is expected to be announcing its results before the market opens on Thursday, February 12th. Analysts expect the company to announce earnings of $1.40 per share and revenue of $3.6441 billion for the quarter.

KBC Group (OTCMKTS:KBCSY) last posted its quarterly earnings results on Thursday, November 13th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.06. KBC Group had a return on equity of 13.96% and a net margin of 15.91%.The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.54 billion. On average, analysts expect KBC Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

KBC Group Stock Down 0.5%

Shares of OTCMKTS:KBCSY opened at $71.51 on Thursday. KBC Group has a 52-week low of $37.92 and a 52-week high of $72.35. The stock has a market cap of $59.73 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 1.09 and a beta of 0.54. The business has a 50-day moving average price of $66.21 and a 200-day moving average price of $61.30.

Analysts Set New Price Targets

KBCSY has been the subject of several research reports. Barclays cut shares of KBC Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 2nd. Zacks Research lowered shares of KBC Group from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of KBC Group in a research report on Monday, November 17th. Morgan Stanley reissued an “overweight” rating on shares of KBC Group in a report on Friday, November 14th. Finally, Citigroup reaffirmed a “neutral” rating on shares of KBC Group in a report on Monday, November 24th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

About KBC Group

KBC Group is a Belgian bank-insurance group headquartered in Brussels that combines retail and commercial banking with life and non-life insurance, asset management, leasing and related financial services. The company operates an integrated bank-insurance model designed to serve both individual consumers and corporate clients, offering deposit accounts, lending and mortgage products, payment and treasury services, pension and protection insurance, investment solutions and wealth management.

The group’s banking activities include retail and private banking, corporate and commercial banking, and specialized finance such as leasing and factoring.