UBS Group (NYSE:UBS) Releases Earnings Results, Misses Expectations By $0.08 EPS

UBS Group (NYSE:UBS) announced its earnings results on Tuesday. The bank reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.08), Zacks reports. The firm had revenue of $11.06 billion for the quarter, compared to the consensus estimate of $10.90 billion. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.09) EPS.

UBS Group Trading Up 0.7 %

NYSE UBS opened at $32.64 on Thursday. The firm’s 50 day moving average price is $32.45 and its two-hundred day moving average price is $31.36. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.05 and a current ratio of 1.05. UBS Group has a twelve month low of $26.00 and a twelve month high of $35.84. The stock has a market cap of $104.64 billion, a price-to-earnings ratio of 27.20 and a beta of 1.16.

UBS Group Increases Dividend

The company also recently declared an annual dividend, which will be paid on Thursday, April 17th. Investors of record on Wednesday, April 16th will be given a $0.90 dividend. This represents a dividend yield of 2.1%. The ex-dividend date is Wednesday, April 16th. This is an increase from UBS Group’s previous annual dividend of $0.23. UBS Group’s dividend payout ratio is 19.17%.

Analyst Ratings Changes

UBS has been the subject of several recent research reports. Kepler Capital Markets raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday, January 10th. StockNews.com downgraded UBS Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Finally, BNP Paribas upgraded UBS Group from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

About UBS Group

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.