HSBC (NYSE:HSBC - Get Free Report) released its quarterly earnings results on Wednesday. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.41 by $0.04, Zacks reports. HSBC had a net margin of 16.17% and a return on equity of 12.14%. The business had revenue of $11.56 billion during the quarter, compared to analyst estimates of $13.79 billion.
HSBC Stock Performance
NYSE:HSBC traded up $0.10 during midday trading on Friday, hitting $56.07. The company's stock had a trading volume of 2,526,686 shares, compared to its average volume of 1,535,266. HSBC has a fifty-two week low of $36.93 and a fifty-two week high of $57.08. The firm's 50 day moving average is $51.11 and its 200-day moving average is $46.98. 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 firm has a market cap of $200.81 billion, a P/E ratio of 9.04, a P/E/G ratio of 1.50 and a beta of 0.54.
HSBC Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, March 7th will be issued a $1.80 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $7.20 annualized dividend and a yield of 12.84%. HSBC's dividend payout ratio (DPR) is presently 31.94%.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft downgraded shares of HSBC from a "buy" rating to a "hold" rating in a report on Monday, February 3rd.
Check Out Our Latest Research Report on HSBC
HSBC Company Profile
(
Get Free Report)
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.
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