HSBC (NYSE:HSBC) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

HSBC (NYSE:HSBC) issued its earnings results on Wednesday. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.04, Zacks reports. The business had revenue of $11.56 billion during the quarter, compared to the consensus estimate of $13.79 billion. HSBC had a net margin of 16.17% and a return on equity of 12.14%.

HSBC Price Performance

HSBC stock opened at $56.19 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $201.26 billion, a price-to-earnings ratio of 9.08, a P/E/G ratio of 1.50 and a beta of 0.54. HSBC has a 1 year low of $36.93 and a 1 year high of $57.08. The company has a 50 day simple moving average of $51.11 and a 200 day simple moving average of $46.98.

HSBC Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be paid a $1.80 dividend. The ex-dividend date of this dividend is Friday, March 7th. HSBC’s dividend payout ratio (DPR) is 31.94%.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft downgraded HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd.

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.