FY2027 Earnings Estimate for HSBC Issued By Erste Group Bank

HSBC Holdings plc (NYSE:HSBC) – Equities research analysts at Erste Group Bank issued their FY2027 earnings per share estimates for shares of HSBC in a research report issued on Wednesday, March 4th. Erste Group Bank analyst S. Lingnau anticipates that the financial services provider will post earnings per share of $8.90 for the year. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for HSBC’s current full-year earnings is $6.66 per share.

HSBC (NYSE:HSBC) last announced its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($1.23). The business had revenue of $17.72 billion during the quarter, compared to analysts’ expectations of $17.01 billion. HSBC had a return on equity of 13.10% and a net margin of 16.07%.

A number of other research firms have also commented on HSBC. Weiss Ratings reiterated a “hold (c+)” rating on shares of HSBC in a research note on Monday, December 29th. Bank of America raised HSBC from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 10th. Citigroup restated a “buy” rating on shares of HSBC in a research note on Friday, January 9th. Keefe, Bruyette & Woods upgraded shares of HSBC from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, December 17th. Finally, Morgan Stanley assumed coverage on shares of HSBC in a research note on Wednesday, January 14th. They issued an “equal weight” rating for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.00.

HSBC Stock Down 1.9%

Shares of HSBC stock opened at $84.11 on Monday. HSBC has a 12-month low of $45.66 and a 12-month high of $94.79. The stock has a market capitalization of $288.92 billion, a P/E ratio of 13.90, a PEG ratio of 0.91 and a beta of 0.50. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average price of $85.46 and a two-hundred day moving average price of $75.49.

HSBC Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Friday, March 13th will be issued a dividend of $2.25 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $9.00 annualized dividend and a yield of 10.7%. This is an increase from HSBC’s previous quarterly dividend of $0.50. HSBC’s payout ratio is 32.73%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Shilanski & Associates Inc. acquired a new position in shares of HSBC during the third quarter worth approximately $5,141,000. Wedbush Securities Inc. increased its position in HSBC by 101.3% in the third quarter. Wedbush Securities Inc. now owns 26,822 shares of the financial services provider’s stock worth $1,904,000 after purchasing an additional 13,495 shares during the period. Foresight Global Investors Inc. bought a new stake in shares of HSBC during the third quarter worth approximately $12,810,000. American Century Companies Inc. raised its position in shares of HSBC by 14.7% during the 3rd quarter. American Century Companies Inc. now owns 1,311,820 shares of the financial services provider’s stock valued at $93,113,000 after acquiring an additional 168,438 shares during the last quarter. Finally, ABC Arbitrage SA increased its stake in shares of HSBC by 237.0% in the 2nd quarter. ABC Arbitrage SA now owns 170,779 shares of the financial services provider’s stock valued at $10,382,000 after acquiring an additional 120,110 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

HSBC Company Profile

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.