ING Groep (NYSE:ING) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

ING Groep (NYSE:ING) announced its quarterly earnings data on Thursday. The financial services provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02), Zacks reports. ING Groep had a return on equity of 12.49% and a net margin of 30.06%.

ING Groep Stock Performance

Shares of NYSE:ING traded down $0.02 on Friday, hitting $16.46. The company had a trading volume of 1,349,589 shares, compared to its average volume of 2,590,521. The stock has a market cap of $57.56 billion, a price-to-earnings ratio of 7.38, a P/E/G ratio of 6.18 and a beta of 1.46. The stock has a 50 day moving average price of $15.94 and a 200 day moving average price of $16.80. ING Groep has a 1-year low of $12.81 and a 1-year high of $18.72. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89.

ING Groep Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th were given a dividend of $0.1667 per share. The ex-dividend date of this dividend was Monday, January 13th. This represents a yield of 6.4%. ING Groep’s dividend payout ratio (DPR) is 29.91%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Citigroup raised shares of ING Groep to a “strong-buy” rating in a research report on Thursday, October 17th. Barclays cut ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley lowered ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th.

ING Groep Company Profile

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.