ING Groep (ING) Projected to Post Quarterly Earnings on Thursday

ING Groep (NYSE:ING) is expected to post its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect ING Groep to post earnings of $0.41 per share and revenue of $5.77 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

ING Groep (NYSE:ING) last announced its earnings results on Thursday, October 31st. The financial services provider reported $0.65 earnings per share for the quarter. The firm had revenue of $6.49 billion during the quarter. ING Groep had a net margin of 30.06% and a return on equity of 12.49%. During the same period in the previous year, the company posted $0.61 earnings per share. 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 Stock Performance

Shares of ING Groep stock opened at $16.74 on Thursday. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $58.54 billion, a price-to-earnings ratio of 7.50, a price-to-earnings-growth ratio of 6.10 and a beta of 1.47. The stock’s 50-day moving average is $15.77 and its 200-day moving average is $16.87. ING Groep has a one year low of $12.77 and a one year high of $18.72.

ING Groep Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th were paid a $0.1667 dividend. This represents a yield of 6.4%. The ex-dividend date was Monday, January 13th. ING Groep’s payout ratio is 29.15%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ING. Citigroup raised shares of ING Groep to a “strong-buy” rating in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft lowered shares of ING Groep from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Morgan Stanley cut shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th. Finally, Barclays downgraded ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd.

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.