Lloyds Banking Group (LYG) Set to Announce Quarterly Earnings on Wednesday

Lloyds Banking Group (NYSE:LYG) will post its quarterly earnings results before the market opens on Wednesday, October 23rd. Parties interested in registering for the company’s conference call can do so using this link.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.09 EPS for the quarter. The business had revenue of $9.55 billion for the quarter. Lloyds Banking Group had a net margin of 12.40% and a return on equity of 10.34%. On average, analysts expect Lloyds Banking Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Lloyds Banking Group Price Performance

LYG stock opened at $3.10 on Wednesday. The stock has a 50-day moving average price of $3.04 and a two-hundred day moving average price of $2.86. Lloyds Banking Group has a 1 year low of $1.88 and a 1 year high of $3.18. The stock has a market cap of $48.45 billion, a PE ratio of 8.16 and a beta of 1.34. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.89.

Lloyds Banking Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, September 20th. Investors of record on Monday, August 5th were issued a dividend of $0.0546 per share. The ex-dividend date was Monday, August 5th. This is an increase from Lloyds Banking Group’s previous semi-annual dividend of $0.05. This represents a dividend yield of 4.4%. Lloyds Banking Group’s dividend payout ratio (DPR) is presently 26.32%.

Analyst Upgrades and Downgrades

LYG has been the topic of several research reports. Kepler Capital Markets began coverage on Lloyds Banking Group in a research note on Thursday, September 5th. They issued a “hold” rating on the stock. Royal Bank of Canada cut shares of Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a report on Friday, July 26th. The Goldman Sachs Group began coverage on shares of Lloyds Banking Group in a research note on Friday, October 4th. They issued a “neutral” rating on the stock. Citigroup downgraded shares of Lloyds Banking Group from a “buy” rating to a “neutral” rating in a research note on Monday, August 5th. Finally, UBS Group restated a “neutral” rating on shares of Lloyds Banking Group in a report on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Lloyds Banking Group currently has an average rating of “Hold” and an average target price of $2.75.

About Lloyds Banking Group

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.