UBS Group AG (NYSE:UBS) Expected to Post Quarterly Sales of $8.97 Billion

Brokerages forecast that UBS Group AG (NYSE:UBSGet Rating) will announce $8.97 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for UBS Group’s earnings. The highest sales estimate is $9.10 billion and the lowest is $8.84 billion. UBS Group reported sales of $7.37 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 21.7%. The business is scheduled to issue its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that UBS Group will report full-year sales of $35.29 billion for the current fiscal year, with estimates ranging from $34.39 billion to $36.18 billion. For the next financial year, analysts expect that the company will report sales of $35.10 billion, with estimates ranging from $34.13 billion to $36.07 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow UBS Group.

UBS Group (NYSE:UBSGet Rating) last released its quarterly earnings results on Tuesday, February 1st. The bank reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.14. The company had revenue of $8.70 billion during the quarter, compared to the consensus estimate of $7.93 billion. UBS Group had a return on equity of 12.48% and a net margin of 19.20%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 EPS.

Several equities analysts have commented on the company. Berenberg Bank upped their price target on UBS Group from CHF 1.80 to CHF 20.50 in a report on Wednesday, January 19th. Barclays raised UBS Group from an “underweight” rating to an “equal weight” rating in a report on Monday, January 24th. Exane BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating and set a CHF 21 price target on the stock in a research report on Friday, January 7th. StockNews.com upgraded UBS Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 5th. Finally, JPMorgan Chase & Co. increased their price target on UBS Group from CHF 20 to CHF 21 in a research report on Friday, April 1st. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $19.29.

Shares of NYSE:UBS opened at $16.84 on Wednesday. The business has a 50 day moving average price of $18.20 and a 200 day moving average price of $18.34. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 3.49. The company has a market cap of $58.60 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 0.49 and a beta of 1.17. UBS Group has a twelve month low of $14.42 and a twelve month high of $21.49.

The company also recently disclosed an annual dividend, which was paid on Thursday, April 14th. Shareholders of record on Wednesday, April 13th were given a dividend of $0.50 per share. This is an increase from UBS Group’s previous annual dividend of $0.37. This represents a yield of 1.2%. The ex-dividend date was Tuesday, April 12th. UBS Group’s payout ratio is currently 7.80%.

Several large investors have recently made changes to their positions in the company. Norges Bank bought a new position in shares of UBS Group during the 4th quarter worth about $2,957,133,000. Massachusetts Financial Services Co. MA raised its holdings in shares of UBS Group by 4.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 137,022,580 shares of the bank’s stock worth $2,448,592,000 after acquiring an additional 5,765,285 shares during the last quarter. Dodge & Cox increased its stake in UBS Group by 3.9% in the 4th quarter. Dodge & Cox now owns 104,116,642 shares of the bank’s stock valued at $1,868,695,000 after buying an additional 3,922,400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in UBS Group by 1.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,224,430 shares of the bank’s stock valued at $767,078,000 after buying an additional 548,440 shares during the last quarter. Finally, Pictet Asset Management SA increased its stake in UBS Group by 0.6% in the 4th quarter. Pictet Asset Management SA now owns 28,935,514 shares of the bank’s stock valued at $521,455,000 after buying an additional 167,073 shares during the last quarter. Institutional investors own 33.10% of the company’s stock.

About UBS Group (Get Rating)

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through four divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Bank. The Global Wealth Management division offers investment advice and solutions, and lending solutions to ultra high net worth and high net worth clients.

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Earnings History and Estimates for UBS Group (NYSE:UBS)

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