KBC Group (OTCMKTS:KBCSY) Issues Earnings Results, Beats Expectations By $0.02 EPS

Key Points

• KBC Group reported $1.42 EPS for the quarter, surpassing analyst estimates of $1.40 by $0.02.
• The company's stock saw a slight increase of 0.1%, reaching $57.60 during midday trading.
• Recent analyst reports included a downgrade from Barclays and an "overweight" reissue from Morgan Stanley, indicating mixed sentiment among investors.

KBC Group (OTCMKTS:KBCSY - Get Free Report) released its quarterly earnings results on Thursday. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.02, Zacks reports. KBC Group had a net margin of 15.04% and a return on equity of 14.85%.

KBC Group Stock Up 0.6%

Shares of KBC Group stock traded up $0.33 during trading on Tuesday, hitting $59.29. 21,437 shares of the stock traded hands, compared to its average volume of 37,078. The stock has a market cap of $49.51 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 2.16 and a beta of 0.82. The firm's fifty day moving average is $51.55 and its 200-day moving average is $47.15. KBC Group has a 52 week low of $35.43 and a 52 week high of $59.36.

Analyst Upgrades and Downgrades

Several brokerages have commented on KBCSY. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of KBC Group in a research report on Friday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of KBC Group in a research report on Tuesday. Morgan Stanley reiterated an "overweight" rating on shares of KBC Group in a research note on Monday. Finally, Barclays lowered shares of KBC Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 15th.

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.