HSBC (HSBC) to Release Earnings on Tuesday

HSBC (NYSE:HSBC) will be announcing its earnings results before the market opens on Tuesday, October 29th. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.65 EPS for the quarter. The firm had revenue of $16.54 billion for the quarter. HSBC had a net margin of 15.61% and a return on equity of 10.60%. On average, analysts expect HSBC to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

HSBC Stock Performance

Shares of HSBC stock opened at $44.36 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 0.89. The stock has a market capitalization of $97.26 billion, a price-to-earnings ratio of 7.65 and a beta of 0.56. HSBC has a one year low of $35.30 and a one year high of $46.07. The company’s 50-day simple moving average is $44.19 and its 200-day simple moving average is $43.55.

HSBC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 16th were issued a $0.50 dividend. The ex-dividend date was Friday, August 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.51%. HSBC’s dividend payout ratio (DPR) is 34.14%.

Wall Street Analysts Forecast Growth

Separately, Dbs Bank raised shares of HSBC to a “strong-buy” rating in a report on Wednesday, July 31st.

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.