$8.54 Billion in Sales Expected for UBS Group AG (NYSE:UBS) This Quarter

Analysts expect UBS Group AG (NYSE:UBS) to announce sales of $8.54 billion for the current quarter, according to Zacks. Two analysts have made estimates for UBS Group’s earnings, with the highest sales estimate coming in at $8.74 billion and the lowest estimate coming in at $8.34 billion. UBS Group posted sales of $8.18 billion during the same quarter last year, which suggests a positive year over year growth rate of 4.4%. The business is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, February 1st.

According to Zacks, analysts expect that UBS Group will report full-year sales of $35.23 billion for the current financial year, with estimates ranging from $35.03 billion to $35.43 billion. For the next fiscal year, analysts anticipate that the company will post sales of $34.60 billion, with estimates ranging from $33.51 billion to $35.68 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow UBS Group.

UBS Group (NYSE:UBS) last released its quarterly earnings results on Sunday, October 24th. The bank reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.20. The company had revenue of $9.12 billion for the quarter, compared to analyst estimates of $7.96 billion. UBS Group had a return on equity of 13.15% and a net margin of 22.02%. UBS Group’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.56 earnings per share.

A number of research analysts recently issued reports on UBS shares. BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 7th. DZ Bank downgraded UBS Group from a “buy” rating to a “hold” rating and set a CHF 18 price objective for the company. in a report on Tuesday, October 26th. Exane BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating and set a CHF 21 price objective for the company in a report on Friday, January 7th. Morgan Stanley reiterated an “equal weight” rating on shares of UBS Group in a report on Monday, November 29th. Finally, Credit Suisse Group restated an “outperform” rating on shares of UBS Group in a research note on Wednesday, October 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, UBS Group presently has a consensus rating of “Buy” and an average target price of $18.56.

Several institutional investors and hedge funds have recently added to or reduced their stakes in UBS. Advanced Research Investment Solutions LLC acquired a new stake in shares of UBS Group in the third quarter valued at approximately $29,000. Assetmark Inc. lifted its position in shares of UBS Group by 73.4% in the third quarter. Assetmark Inc. now owns 2,648 shares of the bank’s stock valued at $42,000 after buying an additional 1,121 shares during the last quarter. Koshinski Asset Management Inc. acquired a new stake in shares of UBS Group in the third quarter valued at approximately $61,000. Huntington National Bank lifted its position in shares of UBS Group by 16.6% in the third quarter. Huntington National Bank now owns 4,094 shares of the bank’s stock valued at $65,000 after buying an additional 583 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of UBS Group by 34.5% in the third quarter. Parallel Advisors LLC now owns 8,987 shares of the bank’s stock valued at $143,000 after buying an additional 2,306 shares during the last quarter. 33.25% of the stock is owned by institutional investors.

NYSE:UBS opened at $19.62 on Friday. The company has a debt-to-equity ratio of 3.39, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $68.28 billion, a PE ratio of 9.21, a PEG ratio of 0.71 and a beta of 1.19. UBS Group has a 52-week low of $14.32 and a 52-week high of $19.78. The stock has a 50-day simple moving average of $18.04 and a 200 day simple moving average of $17.03.

About UBS Group

UBS Group AG is a holding company, which engages in the provision of financial management solutions. It operates through the following segments: Global Wealth Management;; Personal and Corporate Banking; Asset Management; Investment Bank, and Corporate Center. The Global Wealth Management segment advises and offers financial services to wealthy private clients except those served by Wealth Management Americas which include banking and lending, wealth planning, and investment management.

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