Lloyds Banking Group (LYG) Expected to Announce Quarterly Earnings on Wednesday

Lloyds Banking Group (NYSE:LYG - Get Free Report) is anticipated to release its earnings data before the market opens on Wednesday, April 23rd. Analysts expect Lloyds Banking Group to post earnings of $0.09 per share and revenue of $4.78 billion for the quarter.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. The firm had revenue of $9.46 billion during the quarter, compared to analysts' expectations of $4.76 billion. On average, analysts expect Lloyds Banking Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lloyds Banking Group Price Performance

NYSE LYG traded up $0.01 on Friday, hitting $3.77. 24,840,045 shares of the stock were exchanged, compared to its average volume of 15,791,733. The company's 50-day moving average price is $3.61 and its two-hundred day moving average price is $3.12. Lloyds Banking Group has a 52-week low of $2.50 and a 52-week high of $3.91. The company has a market capitalization of $57.19 billion, a price-to-earnings ratio of 11.41 and a beta of 0.95.

Lloyds Banking Group Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.1035 per share. This is an increase from Lloyds Banking Group's previous semi-annual dividend of $0.05. The ex-dividend date is Friday, April 11th. This represents a dividend yield of 4%. Lloyds Banking Group's payout ratio is currently 60.61%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. HSBC upgraded Lloyds Banking Group from a "hold" rating to a "buy" rating in a research report on Tuesday, April 1st. Morgan Stanley upgraded shares of Lloyds Banking Group from an "equal weight" rating to an "overweight" rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods lowered shares of Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a research note on Tuesday, March 11th. Finally, Hsbc Global Res raised shares of Lloyds Banking Group to a "strong-buy" rating in a research note on Thursday, March 20th. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Lloyds Banking Group has an average rating of "Moderate Buy" and an average target price of $2.75.

About Lloyds Banking Group

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.