KBC Group (KBCSY) Projected to Post Earnings on Thursday

KBC Group (OTCMKTS:KBCSY) will likely be announcing its earnings results on Thursday, May 15th. Analysts expect the company to announce earnings of $0.66 per share and revenue of $3.03 billion for the quarter.

KBC Group (OTCMKTS:KBCSY) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.21. KBC Group had a net margin of 13.32% and a return on equity of 14.40%. The firm had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $2.96 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 Trading Down 0.4%

KBCSY stock opened at $45.95 on Tuesday. KBC Group has a 12-month low of $33.98 and a 12-month high of $47.98. The business’s 50-day moving average is $45.52 and its 200 day moving average is $41.01. The stock has a market cap of $38.37 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 1.75 and a beta of 0.78.

KBC Group Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, May 8th will be paid a $1.1873 dividend. The ex-dividend date is Wednesday, May 7th. This is a positive change from KBC Group’s previous dividend of $0.33. This represents a dividend yield of 3.77%. KBC Group’s payout ratio is currently 52.67%.

Wall Street Analyst Weigh In

Several research analysts recently commented on KBCSY shares. Royal Bank of Canada reissued a “sector perform” rating on shares of KBC Group in a research note on Wednesday, April 23rd. Barclays upgraded shares of KBC Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 17th. Finally, Morgan Stanley reissued an “overweight” rating on shares of KBC Group in a research note on Friday, March 7th.

KBC Group Company Profile

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. The company offers demand deposits and savings accounts; home and mortgage loans; consumer finance and SME funding services; credit, investment fund and asset management, and life and non-life insurance; and cash management, payments, trade finance, lease, money market, capital market products, and stockbroking services.