HSBC Set to Release Quarterly Earnings on Tuesday

HSBC (NYSE:HSBC) is expected to release its quarterly earnings results before the stock market opens on Tuesday, October 29th. For those interested in hearing the company’s earnings conference call, it will be available via a provided link.

The last time HSBC shared its earnings data was on Wednesday, July 31st. During that quarter, the financial services company reported earnings per share (EPS) of $1.65. The company achieved a net margin of 15.61% and a return on equity of 10.60%, with total revenue of $16.54 billion for that period. Looking forward, analysts predict that HSBC will report an EPS of $6 for the current fiscal year, along with another $6 EPS for the following fiscal year.

HSBC Stock Overview

As of Friday, HSBC shares opened at $44.36. Over the past year, the company’s stock has seen a low of $35.30 and a high of $46.07. HSBC holds a market capitalization of $97.26 billion, with a price-to-earnings ratio of 7.65 and a beta of 0.56. The stock’s 50-day and 200-day moving averages stand at $44.19 and $43.54, respectively. The firm has a debt-to-equity ratio of 0.65, a quick ratio of 0.96, and a current ratio of 0.89.

Dividend Announcement from HSBC

Recently, HSBC also announced a quarterly dividend, which was paid out on Friday, September 27th. Shareholders who were on record as of Friday, August 16th, received a dividend of $0.50 per share. The ex-dividend date for this payment was also Friday, August 16th. This dividend translates to an annualized amount of $2.00, yielding 4.51% for investors. Currently, HSBC's dividend payout ratio is 34.14%.

Wall Street Analyst Insights

In a separate update, Dbs Bank upgraded HSBC to a “strong-buy” rating following their report on July 31st.

HSBC Company Information

HSBC Holdings plc is a global provider of banking and financial services, operating through several segments: Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets. The Wealth and Personal Banking division provides a variety of retail banking and wealth products, including checking and savings accounts, loans, and wealth management services like investments and insurance.

HSBC, Earnings, Finance