HSBC (NYSE:HSBC) Issues Quarterly Earnings Results, Beats Estimates By $0.04 EPS

HSBC (NYSE:HSBC) released its quarterly earnings results on Wednesday. The financial services provider reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.04, Zacks reports. HSBC had a net margin of 15.70% and a return on equity of 10.71%. The company had revenue of $11.56 billion for the quarter, compared to analyst estimates of $13.79 billion.

HSBC Stock Down 1.3 %

Shares of NYSE:HSBC opened at $56.21 on Thursday. HSBC has a 52 week low of $36.93 and a 52 week high of $57.08. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 0.96. The company’s fifty day moving average is $50.96 and its 200-day moving average is $46.91. The company has a market capitalization of $201.31 billion, a PE ratio of 9.28, a P/E/G ratio of 1.51 and a beta of 0.54.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lowered shares of HSBC from a “buy” rating to a “hold” rating in a research report on Monday, February 3rd.

HSBC Company Profile

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.