Shinhan Financial Group (NYSE:SHG) Posts Earnings Results, Misses Expectations By $0.11 EPS

Key Points

• Shinhan Financial Group reported quarterly EPS of $2.33, missing the consensus estimate of $2.44 by $0.11. The company posted a 15.69% net margin and 8.63% return on equity.
• Shares fell $0.57 to $64.67 during Tuesday trading, with the stock well below its 52-week high of $85.57. Shinhan has a market capitalization of approximately $30.36 billion and a P/E ratio of 8.69.
• Analyst sentiment remains positive: recent firms upgraded the stock to Buy or Strong Buy, and MarketBeat data shows an average rating of “Strong Buy.”

Shinhan Financial Group (NYSE:SHG - Get Free Report) posted its quarterly earnings results on Tuesday. The bank reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.11), Zacks reports. Shinhan Financial Group had a net margin of 15.69% and a return on equity of 8.63%.

Shinhan Financial Group Price Performance

SHG stock traded down $0.57 during trading on Tuesday, hitting $64.67. 227,275 shares of the company's stock traded hands, compared to its average volume of 252,566. Shinhan Financial Group has a 52 week low of $50.85 and a 52 week high of $85.57. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.98 and a current ratio of 0.98. The business has a fifty day simple moving average of $77.41 and a 200 day simple moving average of $68.24. The stock has a market capitalization of $30.36 billion, a price-to-earnings ratio of 8.69, a P/E/G ratio of 0.47 and a beta of 0.98.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SHG shares. Weiss Ratings reissued a "buy (b)" rating on shares of Shinhan Financial Group in a research report on Friday, August 14th. Wall Street Zen upgraded Shinhan Financial Group from a "hold" rating to a "buy" rating in a research note on Saturday, October 17th. Finally, Zacks Research raised Shinhan Financial Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Strong Buy".

Shinhan Financial Group Company Profile

Shinhan Financial Group Co, Ltd. is a South Korean financial holding company headquartered in Seoul. Established in 2001, the group operates through subsidiaries that provide a broad range of financial products and services to individuals, businesses and institutional customers.

Its principal businesses include commercial and retail banking through Shinhan Bank; credit card and payment services through Shinhan Card; securities brokerage, investment banking and wealth management through Shinhan Securities; and insurance, consumer finance, leasing and asset-management services through other group affiliates.

Shinhan serves customers primarily in South Korea and maintains an international presence across markets in Asia, North America and other regions.

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