Barclays PLC (NYSE:BCS) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Barclays PLC (NYSE:BCS) issued its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by $0.01, Morningstar.com reports. Barclays PLC had a positive return on equity of 2.57% and a negative net margin of 2.65%. The business had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.22 billion.

Barclays PLC (NYSE BCS) traded down 0.687% during mid-day trading on Tuesday, hitting $10.835. 1,128,363 shares of the company traded hands. The firm’s market capitalization is $46.20 billion. Barclays PLC has a one year low of $7.99 and a one year high of $12.05. The firm has a 50 day moving average of $10.62 and a 200 day moving average of $10.98.

The company also recently declared a None dividend, which will be paid on Monday, September 18th. Investors of record on Friday, August 11th will be given a dividend of $0.051 per share. The ex-dividend date is Wednesday, August 9th. This represents a dividend yield of 1.95%. Barclays PLC’s dividend payout ratio is -88.23%.

Several equities research analysts have commented on BCS shares. Zacks Investment Research raised shares of Barclays PLC from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Friday, April 21st. Macquarie cut shares of Barclays PLC from a “neutral” rating to an “underperform” rating in a report on Friday, April 21st. Keefe, Bruyette & Woods cut shares of Barclays PLC from a “market perform” rating to an “underperform” rating in a report on Friday, April 21st. Natixis cut shares of Barclays PLC from a “buy” rating to a “neutral” rating in a report on Thursday, May 4th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Barclays PLC from a “neutral” rating to a “sell” rating in a report on Friday, May 5th. Eight analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. Barclays PLC presently has an average rating of “Hold” and a consensus price target of $10.09.

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In other Barclays PLC news, major shareholder Plc Barclays sold 37 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $100,000.00, for a total transaction of $3,700,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.02% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of BCS. Fisher Asset Management LLC increased its stake in shares of Barclays PLC by 13.6% in the second quarter. Fisher Asset Management LLC now owns 19,187,695 shares of the financial services provider’s stock valued at $203,198,000 after buying an additional 2,300,492 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Barclays PLC by 4.8% in the first quarter. Dimensional Fund Advisors LP now owns 11,929,971 shares of the financial services provider’s stock worth $134,093,000 after buying an additional 550,996 shares during the last quarter. Brandes Investment Partners LP increased its stake in shares of Barclays PLC by 0.5% in the first quarter. Brandes Investment Partners LP now owns 5,559,628 shares of the financial services provider’s stock worth $62,490,000 after buying an additional 26,026 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Barclays PLC by 15.1% in the first quarter. Parametric Portfolio Associates LLC now owns 2,744,953 shares of the financial services provider’s stock worth $30,853,000 after buying an additional 359,169 shares during the last quarter. Finally, Causeway Capital Management LLC increased its position in Barclays PLC by 3.7% in the first quarter. Causeway Capital Management LLC now owns 1,510,537 shares of the financial services provider’s stock worth $16,978,000 after buying an additional 54,505 shares during the last quarter. Institutional investors own 2.52% of the company’s stock.

Barclays PLC Company Profile

Earnings History for Barclays PLC (NYSE:BCS)

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