BNP Paribas (BNPQY) Expected to Announce Quarterly Earnings on Thursday

BNP Paribas (OTCMKTS:BNPQY) is expected to post its results before the market opens on Thursday, October 30th. Analysts expect BNP Paribas to post earnings of $1.55 per share and revenue of $12.8441 billion for the quarter.

BNP Paribas (OTCMKTS:BNPQY) last released its earnings results on Thursday, July 24th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.09. The firm had revenue of $14.27 billion during the quarter, compared to the consensus estimate of $12.75 billion. BNP Paribas had a net margin of 22.65% and a return on equity of 8.40%. On average, analysts expect BNP Paribas to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

BNP Paribas Stock Performance

OTCMKTS:BNPQY opened at $39.41 on Thursday. The company has a market cap of $88.02 billion, a P/E ratio of 7.39, a P/E/G ratio of 0.68 and a beta of 1.07. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.78. The firm’s 50 day moving average is $45.43 and its two-hundred day moving average is $44.20. BNP Paribas has a fifty-two week low of $28.93 and a fifty-two week high of $49.32.

BNP Paribas Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Friday, September 26th will be issued a $1.2622 dividend. This represents a dividend yield of 272.0%. The ex-dividend date is Thursday, September 25th. BNP Paribas’s dividend payout ratio (DPR) is 58.72%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Barclays cut BNP Paribas from an “overweight” rating to an “equal weight” rating in a report on Wednesday. Keefe, Bruyette & Woods downgraded shares of BNP Paribas from a “hold” rating to a “moderate sell” rating in a research note on Thursday, August 21st. DZ Bank upgraded BNP Paribas from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of BNP Paribas in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, BNP Paribas has an average rating of “Moderate Buy”.

BNP Paribas Company Profile

BNP Paribas SA provides various banking and financial products and services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through three divisions: Corporate & Institutional Banking; Commercial, Personal Banking & Services; and Investment & Protection Services.