Barclays (NYSE:BCS) Announces Earnings Results, Beats Estimates By $0.12 EPS

Key Points

• Barclays PLC reported quarterly earnings of $0.62 EPS, exceeding analyst expectations of $0.50 EPS by $0.12.
• The company has a return on equity of 8.04% and a net margin of 21.27%, indicating solid financial performance.
• A hedge fund recently increased its stake in Barclays by 72.8%, reflecting growing institutional interest in the company.

Barclays PLC (NYSE:BCS) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.12, Zacks reports. Barclays had a net margin of 22.11% and a return on equity of 8.68%. The firm had revenue of $9.58 billion for the quarter, compared to analyst estimates of $7.06 billion.

Barclays Price Performance

BCS traded down $0.18 during trading on Wednesday, reaching $19.87. The company's stock had a trading volume of 12,817,276 shares, compared to its average volume of 19,169,892. The company has a market cap of $70.34 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 0.49 and a beta of 1.10. The firm has a fifty day simple moving average of $18.29 and a two-hundred day simple moving average of $16.31. Barclays PLC has a 1 year low of $10.23 and a 1 year high of $20.07. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 5.75.

Barclays Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 8th will be issued a $0.1557 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a yield of 2.1%. Barclays's payout ratio is currently 27.92%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BCS. Royal Bank Of Canada reiterated an "outperform" rating on shares of Barclays in a research report on Wednesday, July 16th. Citigroup lowered shares of Barclays from a "buy" rating to a "neutral" rating in a research report on Friday, July 18th. Finally, Wall Street Zen downgraded shares of Barclays from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".

Institutional Investors Weigh In On Barclays

An institutional investor recently raised its position in Barclays stock. NewEdge Advisors LLC increased its holdings in Barclays PLC (NYSE:BCS - Free Report) by 72.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 47,051 shares of the financial services provider's stock after acquiring an additional 19,818 shares during the period. NewEdge Advisors LLC's holdings in Barclays were worth $723,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 3.39% of the company's stock.

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.