KBC Group (KBCSY) to Release Earnings on Thursday

KBC Group (OTCMKTS:KBCSY - Get Free Report) is expected to be announcing its earnings results on Thursday, May 15th. Analysts expect the company to announce earnings of $0.66 per share and revenue of $3.03 billion for the quarter.

KBC Group (OTCMKTS:KBCSY - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.26 by $0.21. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $2.96 billion. KBC Group had a return on equity of 14.40% and a net margin of 13.32%. On average, analysts expect KBC Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

KBC Group Trading Up 0.6 %

Shares of KBCSY traded up $0.29 during trading hours on Friday, reaching $46.12. 57,842 shares of the company traded hands, compared to its average volume of 39,758. The stock's fifty day moving average price is $45.52 and its 200 day moving average price is $40.87. The firm has a market cap of $38.51 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 1.75 and a beta of 0.78. KBC Group has a 12-month low of $33.98 and a 12-month high of $47.98.

KBC Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, May 8th will be paid a $1.1873 dividend. This is an increase from KBC Group's previous dividend of $0.33. This represents a yield of 3.77%. The ex-dividend date is Wednesday, May 7th. KBC Group's dividend payout ratio is currently 52.67%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Royal Bank of Canada reissued a "sector perform" rating on shares of KBC Group in a research note on Wednesday, April 23rd. Barclays upgraded KBC Group from a "hold" rating to a "strong-buy" rating in a report on Monday, February 17th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of KBC Group in a report on Friday, March 7th.

About KBC Group

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. The company offers demand deposits and savings accounts; home and mortgage loans; consumer finance and SME funding services; credit, investment fund and asset management, and life and non-life insurance; and cash management, payments, trade finance, lease, money market, capital market products, and stockbroking services.