ING Groep (ING) Set to Announce Earnings on Thursday

ING Groep (NYSE:ING) is scheduled to be announcing its earnings results before the market opens on Thursday, October 31st.

ING Groep (NYSE:ING) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.58 earnings per share for the quarter. The business had revenue of $6.15 billion for the quarter. ING Groep had a net margin of 30.60% and a return on equity of 12.65%. During the same quarter in the prior year, the business posted $0.65 EPS. On average, analysts expect ING Groep to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

ING Groep Trading Down 1.0 %

Shares of NYSE:ING opened at $16.73 on Thursday. ING Groep has a 1 year low of $12.44 and a 1 year high of $18.72. The firm has a fifty day moving average price of $17.78 and a 200 day moving average price of $17.45. The stock has a market capitalization of $58.52 billion, a PE ratio of 7.40 and a beta of 1.52. The company has a current ratio of 0.95, a quick ratio of 1.12 and a debt-to-equity ratio of 2.54.

ING Groep Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, August 19th. Investors of record on Thursday, August 8th were issued a $0.8143 dividend. This is a positive change from ING Groep’s previous semi-annual dividend of $0.70. This represents a yield of 5.9%. The ex-dividend date of this dividend was Thursday, August 8th. ING Groep’s payout ratio is 28.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered shares of ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Barclays downgraded shares of ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday. Finally, Citigroup raised shares of ING Groep to a “strong-buy” rating in a research report on Thursday, October 17th.

About ING Groep

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.