KBC Group (OTCMKTS:KBCSY) Posts Earnings Results, Beats Expectations By $0.05 EPS

KBC Group (OTCMKTS:KBCSY) posted its earnings results on Thursday. The company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.59 by $0.05, Zacks reports. The company had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.87 billion. KBC Group had a return on equity of 13.48% and a net margin of 15.58%.

KBC Group Stock Performance

Shares of OTCMKTS KBCSY traded up $0.87 during trading hours on Friday, hitting $74.07. 16,360 shares of the stock were exchanged, compared to its average volume of 29,129. KBC Group has a 1-year low of $56.86 and a 1-year high of $74.13. The company has a market cap of $61.87 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 0.94 and a beta of 0.59. The company’s fifty day simple moving average is $68.36 and its two-hundred day simple moving average is $67.01.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KBCSY shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of KBC Group in a research report on Monday, July 20th. Citigroup reiterated a “neutral” rating on shares of KBC Group in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

About KBC Group

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.