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

KBC Group (OTCMKTS:KBCSY) will likely be releasing its results before the market opens on Thursday, November 12th. Analysts expect the company to announce earnings of $1.59 per share and revenue of $3.86 billion for the quarter.

KBC Group (OTCMKTS:KBCSY) last released its earnings results on Thursday, August 6th. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.59 by $0.05. KBC Group had a return on equity of 13.42% and a net margin of 15.58%. The company had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.83 billion. On average, analysts expect KBC Group to post $5.58 EPS for the current fiscal year and $6.53 EPS for the next fiscal year.

KBC Group Stock Up 4.5%

Shares of KBCSY opened at $66.51 on Thursday. KBC Group has a 12-month low of $58.60 and a 12-month high of $78.02. The firm has a market capitalization of $55.56 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 0.84 and a beta of 0.67. The stock’s fifty day simple moving average is $71.24 and its 200-day simple moving average is $68.58.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Jefferies Financial Group started coverage on KBC Group in a report on Wednesday, September 16th. They set a “buy” rating for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of KBC Group in a research note on Monday, August 10th. Finally, Citigroup raised shares of KBC Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 22nd. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

About KBC Group

KBC Group is a Belgian financial services group headquartered in Brussels. It operates as an integrated bank-insurance organization, combining banking and insurance activities through closely connected distribution networks and digital channels.

The group provides retail, business and private banking services, including current and savings accounts, lending, payments, investment products, asset management and financial advice. Its insurance operations offer life and non-life coverage, including products for individuals, families and businesses.

KBC serves customers primarily in Belgium and selected Central and Eastern European markets, including the Czech Republic, Slovakia, Hungary and Bulgaria.