HSBC (HSBC) Set to Announce Earnings on Tuesday

HSBC (NYSE:HSBC) will post its quarterly earnings results before the market opens on Tuesday, April 30th. Individual interested in participating in the company’s earnings conference call can do so using this link.

HSBC (NYSE:HSBC) last released its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.33). HSBC had a return on equity of 12.89% and a net margin of 19.02%. The firm had revenue of $13.02 billion during the quarter. On average, analysts expect HSBC to post $7 EPS for the current fiscal year and $6 EPS for the next fiscal year.

HSBC Stock Up 0.2 %

HSBC stock opened at $41.90 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.62. HSBC has a fifty-two week low of $35.30 and a fifty-two week high of $42.47. The firm’s 50-day simple moving average is $39.52 and its 200 day simple moving average is $39.13. The stock has a market cap of $158.45 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of 0.99 and a beta of 0.63.

HSBC Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Friday, March 8th were paid a dividend of $1.55 per share. This is a boost from HSBC’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, March 7th. This represents a $6.20 annualized dividend and a yield of 14.80%. HSBC’s dividend payout ratio (DPR) is presently 108.42%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HSBC shares. BNP Paribas cut shares of HSBC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 16th. Barclays reissued an “equal weight” rating on shares of HSBC in a research note on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, HSBC currently has a consensus rating of “Hold” and a consensus target price of $811.00.

About HSBC

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.