Analysts Set Expectations for HSBC Holdings plc’s Q1 2022 Earnings (NYSE:HSBC)

HSBC Holdings plc (NYSE:HSBCGet Rating) – Equities researchers at Jefferies Financial Group issued their Q1 2022 EPS estimates for HSBC in a research report issued on Thursday, April 21st. Jefferies Financial Group analyst J. Dickerson anticipates that the financial services provider will post earnings per share of $0.70 for the quarter. Jefferies Financial Group also issued estimates for HSBC’s Q2 2022 earnings at $1.05 EPS, Q3 2022 earnings at $1.05 EPS, Q4 2022 earnings at $0.85 EPS, FY2022 earnings at $3.70 EPS and FY2024 earnings at $4.55 EPS.

HSBC has been the subject of a number of other reports. Exane BNP Paribas upgraded HSBC from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 27th. Barclays increased their price target on HSBC from GBX 725 ($9.43) to GBX 735 ($9.56) in a research note on Wednesday, April 20th. Berenberg Bank increased their price target on HSBC from GBX 470 ($6.12) to GBX 560 ($7.29) in a research note on Tuesday, March 1st. Credit Suisse Group decreased their price target on HSBC from GBX 575 ($7.48) to GBX 565 ($7.35) in a research note on Wednesday, February 23rd. Finally, BNP Paribas raised HSBC from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, HSBC currently has an average rating of “Hold” and a consensus price target of $498.33.

Shares of HSBC opened at $33.44 on Monday. The company has a market cap of $137.31 billion, a P/E ratio of 10.79 and a beta of 0.56. The stock has a fifty day moving average price of $34.04 and a 200 day moving average price of $32.28. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.91. HSBC has a 12 month low of $24.31 and a 12 month high of $38.61.

HSBC (NYSE:HSBCGet Rating) last issued its quarterly earnings data on Tuesday, February 22nd. The financial services provider reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.45). The company had revenue of $12.09 billion for the quarter, compared to the consensus estimate of $12.09 billion. HSBC had a return on equity of 6.09% and a net margin of 25.44%.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 28th. Stockholders of record on Friday, March 11th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 10.77%. This is an increase from HSBC’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, March 10th. HSBC’s dividend payout ratio is currently 40.00%.

Several hedge funds and other institutional investors have recently made changes to their positions in HSBC. Janney Montgomery Scott LLC lifted its stake in HSBC by 91.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 29,575 shares of the financial services provider’s stock worth $773,000 after acquiring an additional 14,126 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in HSBC by 11.6% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 3,663 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 381 shares during the last quarter. Raymond James & Associates increased its position in HSBC by 7.3% in the 3rd quarter. Raymond James & Associates now owns 162,532 shares of the financial services provider’s stock worth $4,250,000 after purchasing an additional 11,126 shares during the last quarter. Deutsche Bank AG increased its position in HSBC by 43.8% in the 3rd quarter. Deutsche Bank AG now owns 14,446 shares of the financial services provider’s stock worth $378,000 after purchasing an additional 4,400 shares during the last quarter. Finally, Truist Financial Corp increased its position in HSBC by 15.7% in the 3rd quarter. Truist Financial Corp now owns 9,610 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 1,301 shares during the last quarter. 1.14% of the stock is owned by institutional investors and hedge funds.

About HSBC (Get Rating)

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.

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