HSBC (NYSE:HSBC) Posts Earnings Results, Beats Expectations By $0.35 EPS

HSBC (NYSE:HSBC - Get Free Report) posted its quarterly earnings data on Tuesday. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.60 by $0.35, Zacks reports. The company had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $16.60 billion. HSBC had a net margin of 16.17% and a return on equity of 12.20%.

HSBC Stock Up 2.0 %

NYSE HSBC traded up $1.14 during trading on Tuesday, reaching $57.48. The company's stock had a trading volume of 918,509 shares, compared to its average volume of 1,744,272. The business has a 50-day moving average price of $55.36 and a 200-day moving average price of $51.01. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.69. HSBC has a 1-year low of $39.42 and a 1-year high of $61.88. The stock has a market capitalization of $204.67 billion, a PE ratio of 9.28, a PEG ratio of 1.05 and a beta of 0.40.

HSBC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 7th were paid a $1.80 dividend. The ex-dividend date was Friday, March 7th. This represents a $7.20 annualized dividend and a yield of 12.53%. HSBC's dividend payout ratio is presently 115.81%.

Analyst Ratings Changes

A number of research firms have issued reports on HSBC. Deutsche Bank Aktiengesellschaft downgraded HSBC from a "buy" rating to a "hold" rating in a research note on Monday, February 3rd. Royal Bank of Canada reiterated a "sector perform" rating on shares of HSBC in a research report on Monday, February 3rd. StockNews.com raised HSBC from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th. UBS Group reiterated a "neutral" rating on shares of HSBC in a research report on Thursday, March 6th. Finally, Barclays raised shares of HSBC from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

About HSBC

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.