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

Equities analysts predict that HSBC Holdings plc (NYSE:HSBC – Get Rating) will post $0.96 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for HSBC’s earnings. The lowest EPS estimate is $0.86 and the highest is $1.05. HSBC posted earnings per share of $0.85 in the same quarter last year, which would suggest a positive year over year growth rate of 12.9%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that HSBC will report full-year earnings of $3.16 per share for the current year, with EPS estimates ranging from $2.36 to $3.70. For the next year, analysts forecast that the business will report earnings of $4.09 per share, with EPS estimates ranging from $3.89 to $4.39. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover HSBC.

HSBC (NYSE:HSBC – Get Rating) last issued its quarterly earnings data on Tuesday, February 22nd. The financial services provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.45). The business had revenue of $12.09 billion during the quarter, compared to analyst estimates of $12.09 billion. HSBC had a net margin of 23.52% and a return on equity of 5.59%.

Several research firms have issued reports on HSBC. JPMorgan Chase & Co. raised their price target on shares of HSBC from GBX 540 ($6.80) to GBX 550 ($6.92) in a research note on Thursday, May 19th. Royal Bank of Canada raised their price target on shares of HSBC from GBX 550 ($6.92) to GBX 590 ($7.42) in a research note on Friday, May 6th. BNP Paribas raised shares of HSBC from a “neutral” rating to an “outperform” rating in a research report on Thursday, January 27th. Berenberg Bank raised their target price on shares of HSBC from GBX 470 ($5.91) to GBX 560 ($7.05) in a research report on Tuesday, March 1st. Finally, Barclays raised their target price on shares of HSBC from GBX 725 ($9.12) to GBX 735 ($9.25) in a research report on Wednesday, April 20th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $511.43.

Several institutional investors and hedge funds have recently bought and sold shares of HSBC. Ancora Advisors LLC purchased a new stake in shares of HSBC during the third quarter valued at approximately $26,000. Patriot Financial Group Insurance Agency LLC grew its position in shares of HSBC by 482.6% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 903 shares of the financial services provider’s stock worth $27,000 after buying an additional 748 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of HSBC by 229.1% during the first quarter. EverSource Wealth Advisors LLC now owns 826 shares of the financial services provider’s stock worth $28,000 after buying an additional 575 shares in the last quarter. JFS Wealth Advisors LLC grew its position in shares of HSBC by 352.4% during the first quarter. JFS Wealth Advisors LLC now owns 1,054 shares of the financial services provider’s stock worth $36,000 after buying an additional 821 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in shares of HSBC by 37.5% during the fourth quarter. Fifth Third Bancorp now owns 1,433 shares of the financial services provider’s stock worth $43,000 after buying an additional 391 shares in the last quarter. Institutional investors own 1.14% of the company’s stock.

Shares of NYSE HSBC opened at $33.01 on Tuesday. The stock has a market cap of $132.86 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 0.54 and a beta of 0.59. HSBC has a 52 week low of $24.31 and a 52 week high of $38.61. The company’s 50-day moving average price is $32.72 and its 200 day moving average price is $32.49. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42.

HSBC Company Profile (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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