KBC Group (OTCMKTS:KBCSY) Issues Quarterly Earnings Results

KBC Group (OTCMKTS:KBCSY) released its earnings results on Thursday. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.02, Zacks reports. KBC Group had a net margin of 15.58% and a return on equity of 13.42%.

KBC Group Price Performance

Shares of KBC Group stock traded down $2.85 during trading hours on Thursday, hitting $63.99. The company’s stock had a trading volume of 23,323 shares, compared to its average volume of 29,281. KBC Group has a 12 month low of $58.60 and a 12 month high of $78.02. The stock has a 50 day moving average of $70.25 and a 200 day moving average of $68.55. The company has a market capitalization of $53.46 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 0.90 and a beta of 0.67.

Analyst Ratings Changes

KBCSY has been the subject of a number of recent research reports. Citigroup raised shares of KBC Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 22nd. Royal Bank Of Canada reissued a “sector perform” rating on shares of KBC Group in a research note on Monday, August 10th. Finally, Jefferies Financial Group started coverage on KBC Group in a research report on Wednesday, September 16th. They issued a “buy” rating on the stock. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

About KBC Group

KBC Group is a Belgium-based financial services group that combines banking and insurance. It serves individuals, businesses and institutional clients through retail and commercial banking, private banking, insurance, and related financial services. The group’s core markets include Belgium and several Central and Eastern European countries, including the Czech Republic, Slovakia, Hungary and Bulgaria. Its offerings include deposit and lending products, payment services, investment and wealth-management services, and life and non-life insurance, delivered through branches and digital channels.