Barclays (NYSE:BCS) Issues Earnings Results

Barclays PLC (NYSE:BCS) released its earnings results on Thursday. The financial services provider reported $0.56 earnings per share for the quarter, Zacks reports. Barclays had a return on equity of 5.94% and a net margin of 16.83%. The firm had revenue of $8.52 billion for the quarter. During the same period in the prior year, the firm posted $0.42 EPS.

Barclays Price Performance

Shares of BCS opened at $12.58 on Friday. The firm has a market capitalization of $46.61 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 0.68 and a beta of 1.42. The company has a debt-to-equity ratio of 5.98, a current ratio of 1.39 and a quick ratio of 1.39. The company’s fifty day moving average price is $12.11 and its 200-day moving average price is $11.28. Barclays PLC has a 1-year low of $6.23 and a 1-year high of $13.20.

Barclays Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 16th were issued a $0.2684 dividend. The ex-dividend date was Friday, August 16th. This represents a dividend yield of 3.6%. This is a boost from Barclays’s previous semi-annual dividend of $0.27. Barclays’s dividend payout ratio (DPR) is currently 21.64%.

Analyst Ratings Changes

Several research firms have recently commented on BCS. Kepler Capital Markets began coverage on Barclays in a research report on Thursday, September 5th. They issued a “buy” rating for the company. StockNews.com raised Barclays from a “hold” rating to a “buy” rating in a research report on Tuesday, July 9th. Finally, The Goldman Sachs Group began coverage on Barclays in a research report on Tuesday, October 8th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Barclays currently has a consensus rating of “Moderate Buy”.

Barclays Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.