NatWest Group (NWG) Expected to Announce Quarterly Earnings on Friday

NatWest Group (NYSE:NWG) is projected to announce its earnings results before the market opens on Friday, April 25th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $3.80 billion for the quarter.

NatWest Group (NYSE:NWG) last issued its earnings results on Friday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.11. The company had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $3.75 billion. On average, analysts expect NatWest Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NatWest Group Trading Up 0.6 %

NWG opened at $12.27 on Friday. The business’s 50 day moving average price is $11.72 and its 200 day moving average price is $10.63. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $49.39 billion, a PE ratio of 9.02, a P/E/G ratio of 0.85 and a beta of 0.93. NatWest Group has a one year low of $6.90 and a one year high of $12.65.

NatWest Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 14th will be issued a $0.3899 dividend. This is a positive change from NatWest Group’s previous semi-annual dividend of $0.36. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, March 14th. NatWest Group’s dividend payout ratio is currently 55.88%.

Analysts Set New Price Targets

Several analysts have recently issued reports on NWG shares. BNP Paribas cut shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 4th. Peel Hunt downgraded shares of NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NatWest Group has a consensus rating of “Buy”.

About NatWest Group

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.