Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Issues Quarterly Earnings Results

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) posted its quarterly earnings results on Thursday. The bank reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03, Zacks reports. The business had revenue of $9.93 billion during the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 22.05% and a net margin of 27.55%. During the same quarter in the previous year, the company earned $0.36 earnings per share.

Banco Bilbao Vizcaya Argentaria Stock Down 2.2 %

BBVA traded down $0.22 during trading on Friday, reaching $9.68. The company had a trading volume of 1,419,964 shares, compared to its average volume of 1,174,167. The stock has a market cap of $56.51 billion, a P/E ratio of 6.60, a PEG ratio of 1.00 and a beta of 1.32. The business has a 50 day simple moving average of $10.40 and a 200-day simple moving average of $10.48. Banco Bilbao Vizcaya Argentaria has a 52 week low of $7.41 and a 52 week high of $12.20.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. BNP Paribas downgraded Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a research report on Wednesday, June 12th. Royal Bank of Canada upgraded Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA provides retail banking, wholesale banking, and asset management services in the United States, Spain, Mexico, Turkey, South America, and internationally. The company offers savings account, demand deposits, and time deposits; and loan products, such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance.