KBC Group (KBCSY) to Post Quarterly Earnings on Thursday

KBC Group (OTCMKTS:KBCSY) is projected to post its results before the market opens on Thursday, August 6th. Analysts expect KBC Group to announce earnings of $1.59 per share and revenue of $3.8256 billion for the quarter.

KBC Group (OTCMKTS:KBCSY) last issued its earnings results on Tuesday, May 12th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.07). The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.79 billion. KBC Group had a return on equity of 13.15% and a net margin of 14.98%. On average, analysts expect KBC Group to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

KBC Group Stock Up 1.7%

OTCMKTS:KBCSY traded up $1.19 during trading hours on Tuesday, reaching $73.12. The company had a trading volume of 1,035 shares, compared to its average volume of 30,101. The business’s 50-day simple moving average is $67.78 and its two-hundred day simple moving average is $66.85. KBC Group has a twelve month low of $53.22 and a twelve month high of $73.13. The firm has a market cap of $61.08 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 0.93 and a beta of 0.59.

Analyst Ratings Changes

KBCSY has been the subject of a number of recent research reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of KBC Group in a report on Monday, July 20th. Citigroup reiterated a “neutral” rating on shares of KBC Group in a report on Wednesday, July 22nd. One research 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. According to MarketBeat, the company has an average rating of “Hold”.

KBC Group Company Profile

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.