Lloyds Banking Group (LYG) Expected to Announce Earnings on Wednesday

Lloyds Banking Group (NYSE:LYG - Get Free Report) is expected to announce its earnings results before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.09 per share and revenue of $4.78 billion for the quarter.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.03). Lloyds Banking Group had a return on equity of 8.46% and a net margin of 11.45%. The company had revenue of $9.46 billion for the quarter, compared to analyst estimates of $4.76 billion. On average, analysts expect Lloyds Banking Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lloyds Banking Group Stock Performance

Shares of NYSE LYG traded up $0.01 during midday trading on Friday, reaching $3.77. 24,840,045 shares of the company's stock were exchanged, compared to its average volume of 15,734,848. The business's fifty day moving average price is $3.60 and its two-hundred day moving average price is $3.12. The stock has a market capitalization of $57.19 billion, a PE ratio of 11.41 and a beta of 0.95. Lloyds Banking Group has a 52-week low of $2.49 and a 52-week high of $3.91.

Lloyds Banking Group Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, April 11th will be issued a $0.1035 dividend. The ex-dividend date is Friday, April 11th. This is a positive change from Lloyds Banking Group's previous semi-annual dividend of $0.05. This represents a dividend yield of 4%. Lloyds Banking Group's payout ratio is 60.61%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. HSBC raised Lloyds Banking Group from a "hold" rating to a "buy" rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods downgraded Lloyds Banking Group from an "outperform" rating to a "market perform" rating in a research note on Tuesday, March 11th. Morgan Stanley raised shares of Lloyds Banking Group from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, March 4th. Finally, Hsbc Global Res raised Lloyds Banking Group to a "strong-buy" rating in a research note on Thursday, March 20th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $2.75.

Lloyds Banking Group Company Profile

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.