ING Groep (NYSE:ING) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

ING Groep (NYSE:ING) posted its quarterly earnings data on Thursday. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02), Zacks reports. ING Groep had a return on equity of 12.49% and a net margin of 30.06%.

ING Groep Trading Down 1.3 %

Shares of ING Groep stock traded down $0.22 during mid-day trading on Thursday, hitting $16.42. The stock had a trading volume of 3,240,973 shares, compared to its average volume of 2,608,313. The firm has a market cap of $57.42 billion, a P/E ratio of 7.36, a price-to-earnings-growth ratio of 6.18 and a beta of 1.46. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. The firm has a 50-day moving average of $15.91 and a two-hundred day moving average of $16.80. ING Groep has a 12-month low of $12.77 and a 12-month high of $18.72.

ING Groep Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th were issued a $0.1667 dividend. The ex-dividend date was Monday, January 13th. This represents a yield of 6.4%. ING Groep’s payout ratio is 29.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays cut shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd. Citigroup upgraded shares of ING Groep to a “strong-buy” rating in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft downgraded shares of ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley cut ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, November 26th.

ING Groep Company Profile

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.