Zacks: Brokerages Anticipate Barclays PLC (NYSE:BCS) to Announce $0.37 EPS

Wall Street analysts forecast that Barclays PLC (NYSE:BCS) will post earnings of $0.37 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Barclays’ earnings. The highest EPS estimate is $0.54 and the lowest is $0.19. Barclays reported earnings of $0.56 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 33.9%. The company is scheduled to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Barclays will report full-year earnings of $1.33 per share for the current fiscal year, with EPS estimates ranging from $0.81 to $1.75. For the next financial year, analysts forecast that the business will report earnings of $1.44 per share, with EPS estimates ranging from $1.20 to $1.59. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Barclays.

Barclays (NYSE:BCSGet Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The financial services provider reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.07. Barclays had a net margin of 29.13% and a return on equity of 9.28%. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $7 billion.

Several research analysts recently issued reports on the stock. UBS Group cut their target price on shares of Barclays from GBX 265 ($3.45) to GBX 260 ($3.38) and set a “buy” rating on the stock in a research note on Thursday, February 24th. StockNews.com assumed coverage on shares of Barclays in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Exane BNP Paribas lowered shares of Barclays from an “outperform” rating to a “neutral” rating in a research note on Monday, March 28th. Keefe, Bruyette & Woods lowered shares of Barclays from an “outperform” rating to a “market perform” rating in a research note on Monday, February 14th. Finally, Bank of America lowered shares of Barclays from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $225.00 to $220.00 in a research note on Friday, January 28th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $200.60.

Shares of BCS traded down $0.19 during trading hours on Friday, hitting $7.63. 10,694,309 shares of the stock were exchanged, compared to its average volume of 8,409,546. The firm has a market capitalization of $31.96 billion, a P/E ratio of 3.67, a price-to-earnings-growth ratio of 0.19 and a beta of 1.45. Barclays has a fifty-two week low of $7.45 and a fifty-two week high of $12.20. The business has a 50-day moving average of $8.78 and a 200-day moving average of $10.05. The company has a debt-to-equity ratio of 5.16, a current ratio of 1.40 and a quick ratio of 1.40.

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, April 5th. Investors of record on Friday, March 4th were issued a dividend of $0.2174 per share. This represents a yield of 3.2%. The ex-dividend date was Thursday, March 3rd. This is an increase from Barclays’s previous semi-annual dividend of $0.11. Barclays’s dividend payout ratio (DPR) is 20.19%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. D Orazio & Associates Inc. purchased a new stake in Barclays during the third quarter worth about $27,000. CWM LLC increased its stake in shares of Barclays by 72.4% in the first quarter. CWM LLC now owns 4,058 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 1,704 shares in the last quarter. Spire Wealth Management increased its stake in shares of Barclays by 79.1% in the fourth quarter. Spire Wealth Management now owns 3,707 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 1,637 shares in the last quarter. FinTrust Capital Advisors LLC increased its stake in shares of Barclays by 617.3% in the third quarter. FinTrust Capital Advisors LLC now owns 4,067 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 3,500 shares in the last quarter. Finally, UMB Bank N A MO purchased a new position in shares of Barclays in the fourth quarter worth about $57,000. Institutional investors and hedge funds own 2.56% of the company’s stock.

About Barclays (Get Rating)

Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.

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