KBC Group (KBCSY) Expected to Release Quarterly Earnings on Thursday

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

KBC Group (OTCMKTS:KBCSY) last posted its earnings results on Tuesday, May 12th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.07). The business had revenue of $3.78 billion for the quarter, compared to analysts’ expectations 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 Trading Up 0.1%

Shares of OTCMKTS:KBCSY opened at $72.70 on Wednesday. The company has a market capitalization of $60.73 billion, a PE ratio of 14.42, a P/E/G ratio of 0.93 and a beta of 0.59. KBC Group has a twelve month low of $53.36 and a twelve month high of $73.29. The firm has a 50 day simple moving average of $67.91 and a 200-day simple moving average of $66.89.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on KBCSY shares. Citigroup reiterated a “neutral” rating on shares of KBC Group in a research note on Wednesday, July 22nd. Royal Bank Of Canada restated a “sector perform” rating on shares of KBC Group in a research note on Monday, July 20th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, KBC Group currently 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.