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

HSBC (NYSE:HSBC) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.04, Zacks reports. HSBC had a return on equity of 10.71% and a net margin of 15.70%.

HSBC Stock Performance

Shares of NYSE HSBC traded down $0.18 during midday trading on Wednesday, hitting $56.70. 601,069 shares of the company’s stock were exchanged, compared to its average volume of 1,432,164. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s 50 day moving average price is $50.79 and its 200-day moving average price is $46.84. The firm has a market cap of $203.10 billion, a P/E ratio of 9.38, a PEG ratio of 1.46 and a beta of 0.54. HSBC has a twelve month low of $36.93 and a twelve month high of $57.08.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft downgraded HSBC from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd.

About HSBC

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.