FY2027 Earnings Forecast for HSBC Issued By Erste Group Bank

HSBC Holdings plc (NYSE:HSBCFree Report) – Research analysts at Erste Group Bank boosted their FY2027 earnings estimates for HSBC in a note issued to investors on Wednesday, August 5th. Erste Group Bank analyst S. Lingnau now forecasts that the financial services provider will post earnings of $9.35 per share for the year, up from their prior estimate of $9.30. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for HSBC’s current full-year earnings is $8.57 per share.

HSBC (NYSE:HSBCGet Free Report) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.25 EPS for the quarter, beating the consensus estimate of $2.24 by $0.01. HSBC had a net margin of 18.19% and a return on equity of 13.80%. The business had revenue of $19.04 billion during the quarter, compared to analyst estimates of $18.66 billion.

A number of other equities analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of HSBC in a research report on Tuesday, June 23rd. Royal Bank Of Canada reissued a “sector perform” rating on shares of HSBC in a research report on Thursday, May 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HSBC in a research report on Monday, August 3rd. BNP Paribas Exane cut HSBC from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Finally, Citigroup downgraded HSBC from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, HSBC currently has a consensus rating of “Hold”.

View Our Latest Analysis on HSBC

HSBC Trading Down 0.0%

NYSE:HSBC opened at $103.27 on Monday. The stock has a market capitalization of $354.91 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 0.98 and a beta of 0.57. HSBC has a 52 week low of $63.51 and a 52 week high of $107.92. The company has a quick ratio of 0.92, a current ratio of 0.85 and a debt-to-equity ratio of 0.67. The firm has a 50 day moving average of $98.09 and a 200 day moving average of $91.40.

Institutional Trading of HSBC

Several large investors have recently added to or reduced their stakes in the company. Fiduciary Financial Group LLC acquired a new position in shares of HSBC in the second quarter valued at about $250,000. City Holding Co. acquired a new stake in shares of HSBC during the second quarter worth about $67,000. Focus Financial Network Inc. purchased a new stake in HSBC in the second quarter valued at approximately $323,000. Everhart Financial Group Inc. purchased a new stake in HSBC in the second quarter valued at approximately $214,000. Finally, TL Private Wealth acquired a new position in HSBC in the 2nd quarter worth approximately $200,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

HSBC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, August 14th will be paid a $0.50 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 1.9%. HSBC’s dividend payout ratio (DPR) is 28.09%.

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About HSBC

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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.

Further Reading

Earnings History and Estimates for HSBC (NYSE:HSBC)

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