Lloyds Banking Group (LYG) Expected to Announce Earnings on Wednesday

Lloyds Banking Group (NYSE:LYG) is expected to be releasing its earnings data before the market opens on Wednesday, April 23rd. Analysts expect Lloyds Banking Group to post earnings of $0.09 per share and revenue of $4.78 billion for the quarter.

Lloyds Banking Group (NYSE:LYG) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). Lloyds Banking Group had a net margin of 11.45% and a return on equity of 8.46%. The business had revenue of $9.46 billion during the quarter, compared to analyst estimates of $4.76 billion. On average, analysts expect Lloyds Banking Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lloyds Banking Group Stock Performance

Lloyds Banking Group stock opened at $3.78 on Wednesday. Lloyds Banking Group has a fifty-two week low of $2.42 and a fifty-two week high of $3.91. The firm has a 50 day moving average price of $3.57 and a 200 day moving average price of $3.11. The company has a market capitalization of $57.34 billion, a PE ratio of 11.44 and a beta of 0.95.

Lloyds Banking Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, April 11th will be given a dividend of $0.1035 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a dividend yield of 4%. This is a positive change from Lloyds Banking Group’s previous semi-annual dividend of $0.05. Lloyds Banking Group’s dividend payout ratio is currently 60.61%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LYG. Morgan Stanley raised Lloyds Banking Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 4th. Hsbc Global Res raised shares of Lloyds Banking Group to a “strong-buy” rating in a report on Thursday, March 20th. HSBC raised shares of Lloyds Banking Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods downgraded Lloyds Banking Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 11th. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $2.75.

About Lloyds Banking Group

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.