Barclays (BCS) Set to Announce Earnings on Thursday

Barclays (NYSE:BCS) is scheduled to release its earnings data before the market opens on Thursday, October 24th. Persons interested in participating in the company’s earnings conference call can do so using this link.

Barclays (NYSE:BCS) last posted its earnings results on Thursday, August 1st. The financial services provider reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. Barclays had a return on equity of 5.94% and a net margin of 16.83%. The business had revenue of $7.98 billion during the quarter. During the same quarter in the previous year, the firm earned $0.43 earnings per share. On average, analysts expect Barclays to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Barclays Price Performance

Barclays stock opened at $12.76 on Wednesday. Barclays has a 52 week low of $6.23 and a 52 week high of $12.96. The business has a 50-day simple moving average of $12.06 and a 200 day simple moving average of $11.26. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 5.98. The stock has a market cap of $47.28 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 0.68 and a beta of 1.42.

Barclays Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, September 20th. Investors of record on Friday, August 16th were given a dividend of $0.2684 per share. This represents a yield of 3.6%. This is a boost from Barclays’s previous semi-annual dividend of $0.27. The ex-dividend date of this dividend was Friday, August 16th. Barclays’s payout ratio is presently 21.64%.

Analyst Ratings Changes

BCS has been the subject of several research analyst reports. The Goldman Sachs Group initiated coverage on Barclays in a research note on Tuesday, October 8th. They set a “buy” rating for the company. StockNews.com raised Barclays from a “hold” rating to a “buy” rating in a research note on Tuesday, July 9th. Finally, Kepler Capital Markets initiated coverage on Barclays in a research note on Thursday, September 5th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Barclays Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.