KBC Group (OTCMKTS:KBCSY) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

KBC Group (OTCMKTS:KBCSY) issued its quarterly earnings data on Thursday. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.02, Zacks reports. KBC Group had a net margin of 15.58% and a return on equity of 13.42%.

KBC Group Stock Performance

OTCMKTS:KBCSY traded down $2.85 during mid-day trading on Thursday, hitting $63.99. The stock had a trading volume of 23,323 shares, compared to its average volume of 29,281. KBC Group has a twelve month low of $58.60 and a twelve month high of $78.02. The stock has a market cap of $53.46 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 0.90 and a beta of 0.67. The company’s 50 day simple moving average is $70.25 and its 200 day simple moving average is $68.55.

Analyst Ratings Changes

A number of brokerages recently weighed in on KBCSY. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of KBC Group in a research note on Monday, August 10th. Jefferies Financial Group began coverage on shares of KBC Group in a research note on Wednesday, September 16th. They issued a “buy” rating on the stock. Finally, Citigroup upgraded KBC Group from a “hold” rating to a “buy” rating in a report on Thursday, October 22nd. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

About KBC Group

KBC Group is a Belgium-based financial services group that combines banking and insurance. It serves individuals, businesses and institutional clients through retail and commercial banking, private banking, insurance, and related financial services. The group’s core markets include Belgium and several Central and Eastern European countries, including the Czech Republic, Slovakia, Hungary and Bulgaria. Its offerings include deposit and lending products, payment services, investment and wealth-management services, and life and non-life insurance, delivered through branches and digital channels.