NatWest Group (NYSE:NWG - Get Free Report) issued its earnings results on Friday. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.05, Zacks reports. The company had revenue of $5.30 billion during the quarter, compared to analyst estimates of $3.80 billion.
NatWest Group Trading Up 1.9 %
Shares of NYSE:NWG opened at $13.01 on Friday. The company's fifty day simple moving average is $12.04 and its 200 day simple moving average is $10.90. NatWest Group has a 12 month low of $7.80 and a 12 month high of $13.18. The firm has a market cap of $52.39 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 0.85 and a beta of 1.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16.
NatWest Group Increases Dividend
The firm also recently disclosed a semi-annual dividend, which was paid on Monday, April 28th. Investors of record on Friday, March 14th were given a $0.3899 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from NatWest Group's previous semi-annual dividend of $0.36. This represents a dividend yield of 3.8%. NatWest Group's payout ratio is currently 51.68%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on NWG. Peel Hunt downgraded shares of NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, March 6th. BNP Paribas lowered NatWest Group from an "outperform" rating to a "neutral" rating in a research note on Tuesday, March 4th. Finally, Citigroup reaffirmed a "buy" rating on shares of NatWest Group in a research note on Monday, April 28th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, NatWest Group currently has a consensus rating of "Buy".
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About NatWest Group
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NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.
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