$0.42 EPS Expected for Barclays PLC (NYSE:BCS) This Quarter

Wall Street analysts expect Barclays PLC (NYSE:BCS) to report earnings of $0.42 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Barclays’ earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.50. Barclays reported earnings of $0.69 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 39.1%. The firm is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Barclays will report full-year earnings of $1.51 per share for the current year, with EPS estimates ranging from $1.29 to $1.92. For the next fiscal year, analysts expect that the firm will report earnings of $1.48 per share, with EPS estimates ranging from $1.29 to $1.84. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Barclays.

Barclays (NYSE:BCSGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The firm had revenue of $7.29 billion for the quarter, compared to the consensus estimate of $7.39 billion. Barclays had a return on equity of 8.42% and a net margin of 27.33%.

Several equities analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Barclays from GBX 190 ($2.40) to GBX 200 ($2.53) in a research report on Wednesday, May 4th. Exane BNP Paribas downgraded Barclays from an “outperform” rating to a “neutral” rating in a research report on Monday, March 28th. Keefe, Bruyette & Woods raised Barclays from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 19th. JPMorgan Chase & Co. upped their price target on Barclays from GBX 170 ($2.15) to GBX 180 ($2.28) and gave the stock a “neutral” rating in a research report on Wednesday, May 4th. Finally, UBS Group reduced their price target on Barclays from GBX 265 ($3.35) to GBX 260 ($3.29) and set a “buy” rating for the company in a research report on Thursday, February 24th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $218.33.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tcwp LLC bought a new stake in Barclays in the 1st quarter valued at $31,000. CWM LLC grew its holdings in Barclays by 72.4% in the 1st quarter. CWM LLC now owns 4,058 shares of the financial services provider’s stock valued at $32,000 after buying an additional 1,704 shares in the last quarter. Spire Wealth Management grew its holdings in Barclays by 79.1% in the 4th quarter. Spire Wealth Management now owns 3,707 shares of the financial services provider’s stock valued at $38,000 after buying an additional 1,637 shares in the last quarter. WD Rutherford LLC acquired a new position in Barclays in the 1st quarter valued at $39,000. Finally, FinTrust Capital Advisors LLC grew its holdings in Barclays by 617.3% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 4,067 shares of the financial services provider’s stock valued at $42,000 after buying an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 2.56% of the company’s stock.

Shares of Barclays stock traded down $0.10 during trading on Friday, hitting $8.42. 2,890,520 shares of the company were exchanged, compared to its average volume of 7,091,878. The firm has a market capitalization of $35.28 billion, a P/E ratio of 4.43, a price-to-earnings-growth ratio of 0.19 and a beta of 1.37. Barclays has a 1-year low of $7.10 and a 1-year high of $12.20. The firm’s fifty day moving average price is $7.84 and its 200 day moving average price is $9.43. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.39 and a quick ratio of 1.39.

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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Earnings History and Estimates for Barclays (NYSE:BCS)

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