HSBC Holdings plc (NYSE:HSBC) Expected to Post Earnings of $0.96 Per Share

Equities analysts expect HSBC Holdings plc (NYSE:HSBC – Get Rating) to post $0.96 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for HSBC’s earnings. The highest EPS estimate is $1.05 and the lowest is $0.86. HSBC posted earnings per share of $0.85 during the same quarter last year, which indicates a positive year over year growth rate of 12.9%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that HSBC will report full year earnings of $3.13 per share for the current year, with EPS estimates ranging from $2.35 to $3.70. For the next fiscal year, analysts anticipate that the business will report earnings of $3.95 per share, with EPS estimates ranging from $3.57 to $4.28. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for HSBC.

HSBC (NYSE:HSBC – Get Rating) last announced its quarterly earnings data on Tuesday, February 22nd. The financial services provider reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.45). The firm 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 5.59% and a net margin of 23.52%.

A number of research analysts have recently weighed in on HSBC shares. Exane BNP Paribas raised HSBC from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 27th. Credit Suisse Group reduced their target price on HSBC from GBX 530 ($6.62) to GBX 515 ($6.43) in a report on Wednesday, April 27th. BNP Paribas raised HSBC from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 27th. JPMorgan Chase & Co. reduced their price objective on shares of HSBC from GBX 570 ($7.12) to GBX 510 ($6.37) in a research note on Monday, March 14th. Finally, Berenberg Bank upped their target price on shares of HSBC from GBX 470 ($5.87) to GBX 560 ($7.00) in a research note on Tuesday, March 1st. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $490.00.

Several hedge funds have recently bought and sold shares of the company. Raymond James & Associates raised its holdings in shares of HSBC by 7.3% in the third quarter. Raymond James & Associates now owns 162,532 shares of the financial services provider’s stock valued at $4,250,000 after purchasing an additional 11,126 shares during the last quarter. Deutsche Bank AG raised its position in shares of HSBC by 43.8% in the third quarter. Deutsche Bank AG now owns 14,446 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 4,400 shares during the period. Truist Financial Corp lifted its stake in shares of HSBC by 15.7% during the 3rd quarter. Truist Financial Corp now owns 9,610 shares of the financial services provider’s stock worth $251,000 after buying an additional 1,301 shares during the last quarter. Russell Investments Group Ltd. grew its stake in HSBC by 2.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 284,620 shares of the financial services provider’s stock valued at $8,183,000 after buying an additional 7,616 shares during the last quarter. Finally, JustInvest LLC raised its holdings in HSBC by 13.9% in the 3rd quarter. JustInvest LLC now owns 14,295 shares of the financial services provider’s stock valued at $374,000 after acquiring an additional 1,747 shares during the period. 1.14% of the stock is owned by institutional investors.

NYSE HSBC traded up $1.18 during trading hours on Tuesday, hitting $32.07. The company’s stock had a trading volume of 145,402 shares, compared to its average volume of 2,964,114. HSBC has a twelve month low of $24.31 and a twelve month high of $38.61. The firm has a market capitalization of $131.43 billion, a P/E ratio of 11.25, a PEG ratio of 0.55 and a beta of 0.59. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average of $33.32 and a 200 day moving average of $32.36.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 28th. Shareholders of record on Friday, March 11th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 11.23%. The ex-dividend date was Thursday, March 10th. This is a boost from HSBC’s previous quarterly dividend of $0.35. HSBC’s dividend payout ratio is 43.51%.

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.

Further Reading