Lloyds Banking Group (LYG) to Release Quarterly Earnings on Wednesday

Lloyds Banking Group (NYSE:LYG - Get Free Report) will be issuing its quarterly earnings data before the market opens on Wednesday, October 23rd. Investors interested in registering for the company's conference call can do so using this link.

Lloyds Banking Group (NYSE:LYG - Get Free Report) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $9.55 billion during the quarter. Lloyds Banking Group had a net margin of 12.40% and a return on equity of 10.34%. 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 Price Performance

Shares of Lloyds Banking Group stock traded up $0.06 during trading on Wednesday, hitting $3.16. 9,278,047 shares of the stock traded hands, compared to its average volume of 9,599,004. The stock has a market cap of $49.39 billion, a price-to-earnings ratio of 8.32 and a beta of 1.34. Lloyds Banking Group has a 52 week low of $1.88 and a 52 week high of $3.18. The firm's fifty day moving average is $3.04 and its 200-day moving average is $2.86. The company has a quick ratio of 1.48, a current ratio of 1.45 and a debt-to-equity ratio of 1.89.

Lloyds Banking Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, September 20th. Stockholders of record on Monday, August 5th were paid a dividend of $0.0546 per share. This is a boost from Lloyds Banking Group's previous semi-annual dividend of $0.05. This represents a dividend yield of 4.4%. The ex-dividend date was Monday, August 5th. Lloyds Banking Group's dividend payout ratio (DPR) is 26.32%.

Analyst Ratings Changes

A number of research firms recently commented on LYG. Royal Bank of Canada lowered shares of Lloyds Banking Group from an "outperform" rating to a "sector perform" rating in a report on Friday, July 26th. Citigroup cut Lloyds Banking Group from a "buy" rating to a "neutral" rating in a research note on Monday, August 5th. Kepler Capital Markets began coverage on Lloyds Banking Group in a research report on Thursday, September 5th. They set a "hold" rating for the company. UBS Group reiterated a "neutral" rating on shares of Lloyds Banking Group in a research report on Tuesday, July 30th. Finally, The Goldman Sachs Group assumed coverage on Lloyds Banking Group in a report on Friday, October 4th. They set a "neutral" rating for the company. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" 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.