KBC Group (OTCMKTS:KBCSY) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

KBC Group (OTCMKTS:KBCSY) released its quarterly earnings results on Thursday. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.02, Zacks reports. KBC Group had a return on equity of 13.96% and a net margin of 15.91%.

KBC Group Stock Down 4.7%

KBCSY traded down $3.42 during trading on Thursday, hitting $68.86. 8,875 shares of the company traded hands, compared to its average volume of 20,372. KBC Group has a one year low of $38.90 and a one year high of $73.12. The stock’s fifty day moving average is $67.24 and its 200 day moving average is $61.96. The firm has a market cap of $57.52 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 1.08 and a beta of 0.54.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on KBCSY shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of KBC Group in a report on Monday, November 17th. Citigroup reissued a “neutral” rating on shares of KBC Group in a research report on Monday, November 24th. Barclays cut shares of KBC Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 2nd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of KBC Group in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, KBC Group 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.