BNP Paribas (BNPQY) to Release Quarterly Earnings on Thursday

Key Points

• BNP Paribas is set to release its quarterly earnings on October 30th, with analysts predicting earnings of $1.55 per share and revenue of $12.8441 billion.
• The company's previous earnings report on July 24th showed $1.64 EPS and revenue of $14.27 billion, exceeding analysts' expectations.
• Analysts have mixed ratings for BNP Paribas, with one strong buy, two buy, one hold, and one sell, resulting in an average rating of "Moderate Buy."

BNP Paribas (OTCMKTS:BNPQY - Get Free Report) is expected to be releasing its results before the market opens on Thursday, October 30th. Analysts expect the company to announce earnings of $1.55 per share and revenue of $12.8441 billion for the quarter.

BNP Paribas (OTCMKTS:BNPQY - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.09. The company had revenue of $14.27 billion for the quarter, compared to analysts' expectations of $12.75 billion. BNP Paribas had a net margin of 22.65% and a return on equity of 8.40%. On average, analysts expect BNP Paribas to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

BNP Paribas Trading Up 0.5%

Shares of BNP Paribas stock opened at $39.41 on Thursday. The business has a 50-day moving average price of $45.43 and a 200-day moving average price of $44.20. BNP Paribas has a twelve month low of $28.93 and a twelve month high of $49.32. The firm has a market cap of $88.02 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 0.68 and a beta of 1.07. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.78.

BNP Paribas Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, October 29th. Investors of record on Friday, September 26th will be issued a dividend of $1.2622 per share. The ex-dividend date is Thursday, September 25th. This represents a yield of 272.0%. BNP Paribas's payout ratio is presently 58.72%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BNPQY shares. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of BNP Paribas in a research note on Friday, October 10th. DZ Bank upgraded shares of BNP Paribas from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Barclays lowered BNP Paribas from an "overweight" rating to an "equal weight" rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods cut shares of BNP Paribas from a "hold" rating to a "moderate sell" rating in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, BNP Paribas currently has an average rating of "Moderate Buy".

About BNP Paribas

BNP Paribas SA provides various banking and financial products and services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through three divisions: Corporate & Institutional Banking; Commercial, Personal Banking & Services; and Investment & Protection Services.

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