NatWest Group (NWG) to Release Earnings on Friday

NatWest Group (NYSE:NWG) will likely be posting its quarterly earnings results before the market opens on Friday, April 25th. Analysts expect NatWest Group to post earnings of $0.32 per share and revenue of $3.80 billion for the quarter.

NatWest Group (NYSE:NWG) last issued its quarterly earnings results on Friday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. The business had revenue of $4.90 billion during the quarter, compared to analyst estimates of $3.75 billion. On average, analysts expect NatWest Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NatWest Group Price Performance

NWG opened at $12.27 on Friday. NatWest Group has a 1 year low of $6.90 and a 1 year high of $12.65. The company’s 50 day simple moving average is $11.72 and its 200 day simple moving average is $10.63. The stock has a market capitalization of $49.39 billion, a PE ratio of 9.02, a P/E/G ratio of 0.85 and a beta of 0.93. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.06 and a current ratio of 1.06.

NatWest Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 14th will be issued a $0.3899 dividend. This represents a dividend yield of 3.8%. This is an increase from NatWest Group’s previous semi-annual dividend of $0.36. The ex-dividend date of this dividend is Friday, March 14th. NatWest Group’s dividend payout ratio (DPR) is 55.88%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NWG. BNP Paribas downgraded shares of NatWest Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 4th. Peel Hunt cut NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, March 6th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, NatWest Group presently has a consensus rating of “Buy”.

About NatWest Group

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.