KBC Group (OTCMKTS:KBCSY) Issues Earnings Results

KBC Group (OTCMKTS:KBCSY) posted its quarterly earnings results on Tuesday. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.07), Zacks reports. KBC Group had a net margin of 15.70% and a return on equity of 13.89%.

KBC Group Stock Down 3.6%

Shares of OTCMKTS:KBCSY traded down $2.44 during trading on Tuesday, hitting $65.54. 720 shares of the stock traded hands, compared to its average volume of 30,284. The company has a fifty day moving average price of $64.64 and a two-hundred day moving average price of $64.98. KBC Group has a 52-week low of $45.28 and a 52-week high of $73.12. The company has a market cap of $54.75 billion, a price-to-earnings ratio of 13.21, a P/E/G ratio of 0.91 and a beta of 0.60.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KBCSY. Zacks Research downgraded KBC Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of KBC Group in a report on Tuesday, February 24th. Finally, Citigroup restated a “neutral” rating on shares of KBC Group in a research report on Monday, February 23rd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, KBC Group presently has an average rating of “Hold”.

About KBC Group

KBC Group is a Belgian bank-insurance group headquartered in Brussels that combines retail and commercial banking with life and non-life insurance, asset management, leasing and related financial services. The company operates an integrated bank-insurance model designed to serve both individual consumers and corporate clients, offering deposit accounts, lending and mortgage products, payment and treasury services, pension and protection insurance, investment solutions and wealth management.

The group’s banking activities include retail and private banking, corporate and commercial banking, and specialized finance such as leasing and factoring.