BNP Paribas (OTCMKTS:BNPQY) Releases Earnings Results, Beats Estimates By $0.13 EPS
by Jessica Moore · The Cerbat GemBNP Paribas (OTCMKTS:BNPQY – Get Free Report) announced its quarterly earnings results on Thursday. The financial services provider reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.13, Zacks reports. BNP Paribas had a return on equity of 9.61% and a net margin of 23.86%.The firm had revenue of $86.05 billion for the quarter, compared to the consensus estimate of $15.84 billion.
BNP Paribas Price Performance
Shares of OTCMKTS:BNPQY traded up $0.16 during trading on Friday, hitting $52.65. 137,763 shares of the company’s stock were exchanged, compared to its average volume of 345,630. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.80. BNP Paribas has a 52-week low of $37.50 and a 52-week high of $57.31. The business’s 50-day simple moving average is $51.55 and its 200 day simple moving average is $48.09. The company has a market cap of $116.00 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 0.66 and a beta of 0.76.
Wall Street Analysts Forecast Growth
BNPQY has been the topic of a number of recent research reports. Royal Bank Of Canada reissued an “outperform” rating on shares of BNP Paribas in a report on Friday, February 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BNP Paribas in a report on Tuesday, February 17th. Zacks Research downgraded BNP Paribas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Citigroup reaffirmed a “buy” rating on shares of BNP Paribas in a research note on Thursday, April 23rd. Finally, Keefe, Bruyette & Woods raised BNP Paribas from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 6th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, BNP Paribas presently has a consensus rating of “Hold”.
Read Our Latest Stock Report on BNPQY
About BNP Paribas
BNP Paribas is a major international banking group headquartered in Paris, France, formed through the 2000 merger of Banque Nationale de Paris (BNP) and Paribas. The group provides a broad range of banking and financial services to retail, corporate and institutional clients, operating as one of the leading universal banks in Europe with a global footprint.
Its principal business activities encompass retail banking and services, corporate and institutional banking, and investment solutions.