Barclays (NYSE:BCS) Posts Quarterly Earnings Results

Barclays PLC (NYSE:BCS) announced its earnings results on Thursday. The financial services provider reported $0.56 EPS for the quarter, Zacks reports. Barclays had a net margin of 16.83% and a return on equity of 5.94%. The company had revenue of $8.52 billion during the quarter. During the same quarter in the previous year, the business earned $0.42 earnings per share.

Barclays Stock Down 3.8 %

Shares of BCS stock traded down $0.50 during trading on Friday, hitting $12.68. 4,968,216 shares of the company were exchanged, compared to its average volume of 14,704,478. The company has a debt-to-equity ratio of 5.98, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $46.98 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 0.68 and a beta of 1.42. The business’s 50-day simple moving average is $12.08 and its 200 day simple moving average is $11.26. Barclays PLC has a twelve month low of $6.23 and a twelve month high of $13.20.

Barclays Increases Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on BCS. The Goldman Sachs Group began coverage on shares of Barclays in a report on Tuesday, October 8th. They issued a “buy” rating for the company. Kepler Capital Markets began coverage on shares of Barclays in a report on Thursday, September 5th. They issued a “buy” rating for the company. Finally, StockNews.com upgraded shares of Barclays from a “hold” rating to a “buy” rating in a report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, Barclays currently has an average 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.