KBC Group (KBCSY) Projected to Post Quarterly Earnings on Thursday

KBC Group (OTCMKTS:KBCSY) is projected to release its earnings data on Thursday, May 15th. Analysts expect KBC Group to post earnings of $0.66 per share and revenue of $3.03 billion for the quarter.

KBC Group (OTCMKTS:KBCSY) last posted its earnings results on Thursday, February 13th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.21. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $2.96 billion. KBC Group had a net margin of 13.32% and a return on equity of 14.40%. On average, analysts expect KBC Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

KBC Group Stock Performance

Shares of KBCSY stock opened at $45.51 on Thursday. The company has a market cap of $38.00 billion, a P/E ratio of 10.11, a PEG ratio of 1.75 and a beta of 0.78. The stock has a 50 day simple moving average of $45.42 and a two-hundred day simple moving average of $40.75. KBC Group has a fifty-two week low of $33.98 and a fifty-two week high of $47.98.

KBC Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, May 8th will be issued a dividend of $1.1873 per share. This is a boost from KBC Group’s previous dividend of $0.33. This represents a dividend yield of 3.77%. The ex-dividend date of this dividend is Wednesday, May 7th. KBC Group’s dividend payout ratio (DPR) is currently 52.67%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KBCSY. Morgan Stanley restated an “overweight” rating on shares of KBC Group in a research note on Friday, March 7th. Barclays raised shares of KBC Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 17th. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of KBC Group in a research note on Wednesday, April 23rd.

KBC Group Company Profile

KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. The company offers demand deposits and savings accounts; home and mortgage loans; consumer finance and SME funding services; credit, investment fund and asset management, and life and non-life insurance; and cash management, payments, trade finance, lease, money market, capital market products, and stockbroking services.