ING Groep (ING) Set to Announce Earnings on Thursday

ING Groep (NYSE:ING) is scheduled to post its quarterly earnings results before the market opens on Thursday, October 31st.

ING Groep (NYSE:ING) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.58 earnings per share for the quarter. The firm had revenue of $6.15 billion for the quarter. ING Groep had a net margin of 30.60% and a return on equity of 12.65%. During the same quarter in the prior year, the firm earned $0.65 EPS. On average, analysts expect ING Groep to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

ING Groep Price Performance

NYSE:ING opened at $16.73 on Thursday. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.12 and a current ratio of 0.95. The company has a 50-day moving average of $17.78 and a 200-day moving average of $17.45. ING Groep has a 52 week low of $12.44 and a 52 week high of $18.72. The company has a market capitalization of $58.52 billion, a price-to-earnings ratio of 7.40 and a beta of 1.52.

ING Groep Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, August 19th. Shareholders of record on Thursday, August 8th were paid a dividend of $0.8143 per share. This is a positive change from ING Groep’s previous semi-annual dividend of $0.70. This represents a yield of 5.9%. The ex-dividend date of this dividend was Thursday, August 8th. ING Groep’s dividend payout ratio is currently 28.32%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Citigroup upgraded ING Groep to a “strong-buy” rating in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft lowered ING Groep from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Finally, Barclays lowered ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday.

About ING Groep

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.