ING Groep (ING) to Release Quarterly Earnings on Thursday

ING Groep (NYSE:ING - Get Free Report) is anticipated to release its earnings data before the market opens on Thursday, February 6th. Analysts expect ING Groep to post earnings of $0.41 per share and revenue of $5.77 billion for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

ING Groep (NYSE:ING - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $6.49 billion for the quarter. ING Groep had a return on equity of 12.49% and a net margin of 30.06%. During the same quarter in the previous year, the firm posted $0.61 EPS. On average, analysts expect ING Groep to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

ING Groep Trading Up 0.8 %

Shares of ING Groep stock traded up $0.14 during trading on Thursday, hitting $16.88. The stock had a trading volume of 1,360,552 shares, compared to its average volume of 2,529,287. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. The company has a market capitalization of $59.03 billion, a PE ratio of 7.57, a P/E/G ratio of 6.10 and a beta of 1.47. ING Groep has a 1 year low of $12.77 and a 1 year high of $18.72. The stock has a 50 day simple moving average of $15.79 and a 200 day simple moving average of $16.86.

ING Groep Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 23rd. Investors of record on Monday, January 13th were given a dividend of $0.1667 per share. This represents a yield of 6.4%. The ex-dividend date was Monday, January 13th. ING Groep's payout ratio is 29.15%.

Analyst Ratings Changes

Several equities analysts have weighed in on ING shares. Deutsche Bank Aktiengesellschaft lowered ING Groep from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Barclays cut shares of ING Groep from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, October 22nd. Citigroup raised shares of ING Groep to a "strong-buy" rating in a research report on Thursday, October 17th. Finally, Morgan Stanley lowered ING Groep from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, November 26th.

About ING Groep

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.