HSBC (HSBC) Set to Announce Quarterly Earnings on Tuesday

HSBC (NYSE:HSBC) will issue its quarterly earnings data before the market opens on Tuesday, April 30th.

HSBC (NYSE:HSBC) last posted its earnings results on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.33). HSBC had a net margin of 19.02% and a return on equity of 12.89%. The company had revenue of $13.02 billion during the quarter. On average, analysts expect HSBC to post $7 EPS for the current fiscal year and $6 EPS for the next fiscal year.

HSBC Stock Up 0.2 %

HSBC stock traded up $0.09 during trading on Friday, hitting $41.90. 1,402,848 shares of the company were exchanged, compared to its average volume of 1,921,543. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $39.52 and its 200 day moving average is $39.14. HSBC has a 52 week low of $35.30 and a 52 week high of $42.47. The company has a market capitalization of $158.45 billion, a P/E ratio of 7.35, a PEG ratio of 0.99 and a beta of 0.63.

HSBC Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Friday, March 8th were issued a $1.55 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $6.20 annualized dividend and a dividend yield of 14.80%. This is an increase from HSBC’s previous quarterly dividend of $0.50. HSBC’s dividend payout ratio is currently 108.42%.

Analyst Ratings Changes

HSBC has been the subject of several analyst reports. BNP Paribas lowered shares of HSBC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 16th. Barclays reaffirmed an “equal weight” rating on shares of HSBC in a report on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $811.00.

HSBC Company Profile

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.