UBS Group (NYSE:UBS – Get Free Report) announced its quarterly earnings results on Wednesday. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.15, Zacks reports. UBS Group had a return on equity of 4.69% and a net margin of 5.13%. The company had revenue of $19.31 billion during the quarter, compared to the consensus estimate of $11.20 billion. During the same period in the previous year, the business earned ($0.24) EPS.
UBS Group Stock Performance
NYSE UBS traded up $0.43 during trading on Friday, reaching $31.11. The company’s stock had a trading volume of 1,365,050 shares, compared to its average volume of 1,253,415. The business’s fifty day moving average price is $30.88 and its 200-day moving average price is $30.21. UBS Group has a twelve month low of $24.07 and a twelve month high of $32.90. The company has a debt-to-equity ratio of 3.87, a quick ratio of 1.06 and a current ratio of 1.05. The firm has a market cap of $99.75 billion, a price-to-earnings ratio of 25.93 and a beta of 1.15.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on UBS. Bank of America started coverage on UBS Group in a research note on Thursday, September 19th. They set a “neutral” rating for the company. StockNews.com raised UBS Group from a “hold” rating to a “buy” rating in a research report on Friday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
About UBS Group
UBS Group AG provides financial advice and solutions to private, institutional, and corporate clients worldwide. It operates through five divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy. The company offers investment advice, estate and wealth planning, investing, corporate and banking, and investment management, as well as mortgage, securities-based, and structured lending solutions.
Read More
- Five stocks we like better than UBS Group
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Battle of the Retailers: Who Comes Out on Top?
- What Investors Need to Know About Upcoming IPOs
- HCA Healthcare: Temporary Setbacks, Long-Term Strength
- Which Wall Street Analysts are the Most Accurate?
- MarketBeat Week in Review – 10/28 – 11/1
Receive News & Ratings for UBS Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UBS Group and related companies with MarketBeat.com's FREE daily email newsletter.
