Barclays (NYSE:BCS) Posts Quarterly Earnings Results

Barclays PLC (NYSE:BCS) posted its quarterly earnings data on Thursday. The financial services provider reported $0.56 EPS for the quarter, Zacks reports. Barclays had a net margin of 16.83% and a return on equity of 5.94%. The business had revenue of $8.52 billion during the quarter. During the same period in the previous year, the business posted $0.42 EPS.

Barclays Stock Down 3.5 %

NYSE:BCS traded down $0.46 during trading hours on Friday, hitting $12.72. The company’s stock had a trading volume of 3,711,455 shares, compared to its average volume of 14,698,406. The stock has a market capitalization of $47.13 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 0.68 and a beta of 1.42. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 5.98. The stock has a fifty day moving average of $12.08 and a 200-day moving average of $11.26. Barclays PLC has a 52-week low of $6.23 and a 52-week high of $13.20.

Barclays Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, August 16th were issued a $0.2684 dividend. This represents a dividend yield of 3.6%. This is a positive change from Barclays’s previous semi-annual dividend of $0.27. The ex-dividend date of this dividend was Friday, August 16th. Barclays’s dividend payout ratio (DPR) is presently 21.64%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. The Goldman Sachs Group began coverage on shares of Barclays in a research report on Tuesday, October 8th. They issued a “buy” rating for the company. StockNews.com upgraded Barclays from a “hold” rating to a “buy” rating in a report on Tuesday, July 9th. Finally, Kepler Capital Markets initiated coverage on Barclays in a report on Thursday, September 5th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

About Barclays

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.