Barclays (NYSE:BCS) Issues Earnings Results, Beats Estimates By $0.02 EPS

Key Points

• Barclays reported earnings of $0.56 EPS for the quarter, exceeding analysts' expectations of $0.54 EPS, and generated $9.59 billion in revenue, significantly surpassing the forecast of $6.95 billion.
• The company's stocks saw a 1.7% increase, reaching $20.70, while its market cap stands at $72.38 billion.
• Barclays announced a semi-annual dividend of $0.1557 with a yield of 210.0% despite a low dividend payout ratio of 14.75%.

Barclays PLC (NYSE:BCS) issued its earnings results on Wednesday. The financial services provider reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.02, reports. The company had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $6.95 billion. Barclays had a net margin of 22.11% and a return on equity of 8.49%.

Barclays Stock Up 1.7%

Shares of NYSE BCS traded up $0.35 during midday trading on Thursday, hitting $20.70. The stock had a trading volume of 1,651,934 shares, compared to its average volume of 15,134,597. The company has a market cap of $72.38 billion, a P/E ratio of 9.54, a PEG ratio of 0.41 and a beta of 1.10. The business's 50 day moving average is $20.32 and its 200-day moving average is $18.43. Barclays PLC has a 52 week low of $12.14 and a 52 week high of $21.22. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 5.70.

Barclays Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th were paid a $0.1557 dividend. This represents a dividend yield of 210.0%. The ex-dividend date was Friday, August 8th. Barclays's dividend payout ratio is currently 14.75%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming bought a new position in Barclays during the second quarter valued at approximately $118,000. Vident Advisory LLC bought a new position in Barclays in the second quarter worth approximately $189,000. EP Wealth Advisors LLC raised its position in Barclays by 39.9% in the second quarter. EP Wealth Advisors LLC now owns 14,875 shares of the financial services provider's stock worth $277,000 after acquiring an additional 4,241 shares during the period. HUB Investment Partners LLC raised its position in Barclays by 8.7% in the second quarter. HUB Investment Partners LLC now owns 18,946 shares of the financial services provider's stock worth $352,000 after acquiring an additional 1,522 shares during the period. Finally, Sivia Capital Partners LLC raised its position in Barclays by 19.6% in the second quarter. Sivia Capital Partners LLC now owns 23,572 shares of the financial services provider's stock worth $438,000 after acquiring an additional 3,868 shares during the period. Institutional investors own 3.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BCS. Royal Bank Of Canada reiterated an "outperform" rating on shares of Barclays in a research report on Wednesday, July 16th. Weiss Ratings restated a "buy (b)" rating on shares of Barclays in a research report on Wednesday, October 8th. Citigroup cut shares of Barclays from a "buy" rating to a "neutral" rating in a research report on Friday, July 18th. Wall Street Zen cut shares of Barclays from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Barclays in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy".

Barclays Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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