ING Groep (NYSE:ING) Announces Earnings Results, Misses Expectations By $0.02 EPS

ING Groep (NYSE:ING) posted its quarterly earnings data on Thursday. The financial services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02), Zacks reports. ING Groep had a return on equity of 11.81% and a net margin of 28.30%.

ING Groep Trading Down 0.3 %

NYSE:ING opened at $16.43 on Friday. ING Groep has a 12 month low of $12.81 and a 12 month high of $18.72. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The company has a 50-day moving average price of $15.94 and a 200-day moving average price of $16.80. The stock has a market cap of $57.46 billion, a price-to-earnings ratio of 7.68, a P/E/G ratio of 6.14 and a beta of 1.46.

ING Groep Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th were issued a $0.1667 dividend. This represents a yield of 6.4%. The ex-dividend date of this dividend was Monday, January 13th. ING Groep’s dividend payout ratio (DPR) is currently 30.37%.

Analysts Set New Price Targets

ING has been the topic of several recent research reports. Barclays lowered shares of ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 22nd. Morgan Stanley downgraded ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, November 26th. Finally, Citigroup upgraded ING Groep to a “strong-buy” rating in a research report on Thursday, October 17th.

ING Groep Company Profile

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.