UBS Group (UBS) Set to Announce Quarterly Earnings on Wednesday

UBS Group (NYSE:UBS) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

UBS Group (NYSE:UBS) last released its quarterly earnings data on Wednesday, August 14th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.22. The company had revenue of $11.90 billion during the quarter, compared to analysts’ expectations of $11.26 billion. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. During the same period in the previous year, the company earned $1.88 EPS. On average, analysts expect UBS Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

UBS Group Stock Performance

Shares of NYSE:UBS opened at $32.10 on Monday. The firm’s 50 day simple moving average is $30.79 and its 200-day simple moving average is $30.13. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.06 and a current ratio of 1.06. UBS Group has a one year low of $23.23 and a one year high of $32.88. The firm has a market cap of $102.93 billion, a PE ratio of 3.50 and a beta of 1.15.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on UBS shares. StockNews.com lowered UBS Group from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. Bank of America initiated coverage on UBS Group in a research note on Thursday, September 19th. They set a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, UBS Group presently has a consensus rating of “Hold”.

About UBS Group

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.