Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) posted its quarterly earnings data on Thursday. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03, Zacks reports. The business had revenue of $9.93 billion during the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 22.05% and a net margin of 27.55%. During the same period in the previous year, the business earned $0.36 earnings per share.

Banco Bilbao Vizcaya Argentaria Trading Down 2.2 %

Shares of BBVA stock traded down $0.22 on Friday, reaching $9.68. 1,419,964 shares of the company’s stock were exchanged, compared to its average volume of 1,174,167. Banco Bilbao Vizcaya Argentaria has a 52 week low of $7.41 and a 52 week high of $12.20. The stock has a market capitalization of $56.51 billion, a PE ratio of 6.60, a P/E/G ratio of 1.00 and a beta of 1.32. The company’s fifty day simple moving average is $10.40 and its 200 day simple moving average is $10.48.

Analysts Set New Price Targets

Several research firms have recently issued reports on BBVA. BNP Paribas lowered Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 12th. Royal Bank of Canada raised Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

About Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA provides retail banking, wholesale banking, and asset management services in the United States, Spain, Mexico, Turkey, South America, and internationally. The company offers savings account, demand deposits, and time deposits; and loan products, such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance.