KBC Group (OTCMKTS:KBCSY) Releases Quarterly Earnings Results

KBC Group (OTCMKTS:KBCSY) released its quarterly earnings data on Tuesday. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.07), Zacks reports. KBC Group had a net margin of 15.70% and a return on equity of 13.89%.

KBC Group Stock Down 3.4%

Shares of KBC Group stock traded down $2.29 during trading on Tuesday, reaching $65.76. The company’s stock had a trading volume of 1,701 shares, compared to its average volume of 29,950. The business’s 50-day moving average price is $64.64 and its 200-day moving average price is $64.98. KBC Group has a 52 week low of $46.14 and a 52 week high of $73.12. The firm has a market cap of $54.93 billion, a PE ratio of 13.26, a P/E/G ratio of 0.91 and a beta of 0.60.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Zacks Research downgraded shares of KBC Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Citigroup restated a “neutral” rating on shares of KBC Group in a research report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of KBC Group in a report on Tuesday, February 24th. One research 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.