KBC Group (OTCMKTS:KBCSY) Issues Quarterly Earnings Results, Misses Estimates By $0.07 EPS

KBC Group (OTCMKTS:KBCSY) issued its quarterly earnings data on Tuesday. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.07), Zacks reports. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.79 billion. KBC Group had a net margin of 14.98% and a return on equity of 13.51%.

KBC Group Stock Performance

Shares of KBCSY traded up $0.04 during mid-day trading on Thursday, reaching $66.07. 8,159 shares of the company were exchanged, compared to its average volume of 29,697. KBC Group has a 52 week low of $46.46 and a 52 week high of $73.12. The stock has a market capitalization of $55.19 billion, a PE ratio of 13.11, a PEG ratio of 0.88 and a beta of 0.60. The business has a 50 day simple moving average of $64.60 and a two-hundred day simple moving average of $65.08.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Citigroup reiterated a “neutral” rating on shares of KBC Group in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of KBC Group in a research report on Tuesday, February 24th. Finally, Zacks Research downgraded KBC Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 1st. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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.