Lloyds Banking Group (LYG) Projected to Post Earnings on Wednesday

Lloyds Banking Group (NYSE:LYG - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.09 per share and revenue of $4.78 billion for the quarter.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). The company had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $4.76 billion. Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. 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

Shares of Lloyds Banking Group stock traded up $0.03 during midday trading on Friday, hitting $3.94. 6,852,784 shares of the company were exchanged, compared to its average volume of 15,983,990. The firm has a 50 day simple moving average of $3.66 and a 200-day simple moving average of $3.14. The firm has a market cap of $59.77 billion, a P/E ratio of 11.92 and a beta of 0.95. Lloyds Banking Group has a 52 week low of $2.51 and a 52 week high of $3.96.

Lloyds Banking Group Increases Dividend

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

Analyst Ratings Changes

LYG has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods downgraded Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a report on Tuesday, March 11th. Hsbc Global Res raised Lloyds Banking Group to a "strong-buy" rating in a research note on Thursday, March 20th. Morgan Stanley upgraded Lloyds Banking Group from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. Finally, HSBC upgraded shares of Lloyds Banking Group from a "hold" rating to a "buy" rating in a research report on Tuesday, April 1st. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.