UBS Group (UBS) to Release Earnings on Wednesday

UBS Group (NYSE:UBS) is set to issue its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

UBS Group (NYSE:UBS) last issued its quarterly earnings data on Wednesday, August 14th. The bank reported $0.34 EPS for the quarter, topping the consensus estimate of $0.12 by $0.22. UBS Group had a net margin of 2.31% and a return on equity of 2.14%. The business had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same period last year, the business posted $1.88 earnings per share. On average, analysts expect UBS Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

UBS Group Stock Performance

Shares of UBS opened at $32.49 on Wednesday. UBS Group has a one year low of $23.23 and a one year high of $32.88. The company has a 50-day simple moving average of $30.69 and a two-hundred day simple moving average of $30.09. The firm has a market capitalization of $104.18 billion, a PE ratio of 3.54 and a beta of 1.15. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.06 and a quick ratio of 1.06.

Analysts Set New Price Targets

A number of equities analysts have weighed in on UBS shares. StockNews.com downgraded shares of UBS Group from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd. Bank of America initiated coverage on shares of UBS Group in a research report on Thursday, September 19th. They set a “neutral” rating for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

UBS Group Company Profile

UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.