HSBC (HSBC) Set to Announce Earnings on Tuesday

HSBC (NYSE:HSBC) is set to issue its quarterly earnings data before the market opens on Tuesday, April 30th. Parties interested in listening to the company’s conference call can do so using this link.

HSBC (NYSE:HSBC) last announced its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.33). HSBC had a net margin of 19.02% and a return on equity of 12.89%. The business had revenue of $13.02 billion for the quarter. On average, analysts expect HSBC to post $7 EPS for the current fiscal year and $6 EPS for the next fiscal year.

HSBC Trading Up 0.2 %

Shares of HSBC stock opened at $41.90 on Friday. The business has a fifty day simple moving average of $39.52 and a two-hundred day simple moving average of $39.13. HSBC has a 1 year low of $35.30 and a 1 year high of $42.47. The company has a market capitalization of $158.45 billion, a price-to-earnings ratio of 7.35, a P/E/G ratio of 0.99 and a beta of 0.63. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.90 and a quick ratio of 0.90.

HSBC Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Friday, March 8th were issued a dividend of $1.55 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 14.80%. This is an increase from HSBC’s previous quarterly dividend of $0.50. HSBC’s dividend payout ratio (DPR) is currently 108.42%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HSBC. Barclays reissued an “equal weight” rating on shares of HSBC in a report on Wednesday, March 27th. BNP Paribas downgraded HSBC from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, HSBC presently has a consensus rating of “Hold” and an average target price of $811.00.

About HSBC

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.