BNP Paribas (OTCMKTS:BNPQY) Releases Quarterly Earnings Results, Beats Expectations By $0.24 EPS

BNP Paribas (OTCMKTS:BNPQY) issued its quarterly earnings results on Thursday. The financial services provider reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.24, Zacks reports. BNP Paribas had a net margin of 25.22% and a return on equity of 10.50%. The company had revenue of $16.38 billion during the quarter, compared to the consensus estimate of $15.43 billion.

BNP Paribas Stock Up 1.9%

BNPQY stock opened at $60.04 on Friday. The firm has a market cap of $132.28 billion, a PE ratio of 8.89, a PEG ratio of 0.59 and a beta of 0.77. BNP Paribas has a 1 year low of $37.50 and a 1 year high of $61.18. The company has a fifty day simple moving average of $56.24 and a 200 day simple moving average of $53.54. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.24.

Analysts Set New Price Targets

BNPQY has been the topic of a number of recent research reports. Citigroup restated a “buy” rating on shares of BNP Paribas in a report on Monday. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BNP Paribas in a report on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

BNP Paribas Company Profile

BNP Paribas is a major international banking group headquartered in Paris, France, formed through the 2000 merger of Banque Nationale de Paris (BNP) and Paribas. The group provides a broad range of banking and financial services to retail, corporate and institutional clients, operating as one of the leading universal banks in Europe with a global footprint.

Its principal business activities encompass retail banking and services, corporate and institutional banking, and investment solutions.