FY2027 Earnings Forecast for HSBC Issued By Erste Group Bank

HSBC Holdings plc (NYSE:HSBC) – Stock analysts at Erste Group Bank issued their FY2027 EPS estimates for HSBC in a research note issued to investors on Wednesday, March 4th. Erste Group Bank analyst S. Lingnau forecasts that the financial services provider will earn $8.90 per share for the year. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for HSBC’s current full-year earnings is $6.66 per share.

HSBC has been the subject of several other reports. Keefe, Bruyette & Woods raised HSBC from a “hold” rating to a “moderate buy” rating in a report on Wednesday, December 17th. Morgan Stanley initiated coverage on HSBC in a report on Wednesday, January 14th. They set an “equal weight” rating on the stock. Citigroup reiterated a “buy” rating on shares of HSBC in a report on Friday, January 9th. Bank of America raised HSBC from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of HSBC in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, HSBC presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

HSBC Stock Performance

Shares of HSBC stock opened at $85.51 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.87 and a current ratio of 0.87. HSBC has a 1 year low of $45.66 and a 1 year high of $94.79. The firm’s 50-day simple moving average is $85.60 and its 200-day simple moving average is $75.63. The firm has a market cap of $293.74 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 0.91 and a beta of 0.50.

HSBC (NYSE:HSBC) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($1.23). The company had revenue of $17.72 billion for the quarter, compared to the consensus estimate of $17.01 billion. HSBC had a net margin of 16.07% and a return on equity of 13.10%.

Institutional Trading of HSBC

Several hedge funds have recently made changes to their positions in the stock. Pure Financial Advisors LLC lifted its holdings in shares of HSBC by 28.4% in the 4th quarter. Pure Financial Advisors LLC now owns 3,815 shares of the financial services provider’s stock worth $300,000 after purchasing an additional 843 shares during the last quarter. Rehmann Capital Advisory Group acquired a new stake in HSBC in the fourth quarter worth $322,000. SHP Wealth Management bought a new stake in HSBC in the fourth quarter valued at $42,000. Caitong International Asset Management Co. Ltd lifted its stake in HSBC by 278.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 723 shares of the financial services provider’s stock valued at $57,000 after buying an additional 532 shares during the last quarter. Finally, Compound Planning Inc. boosted its holdings in shares of HSBC by 8.9% during the fourth quarter. Compound Planning Inc. now owns 74,634 shares of the financial services provider’s stock valued at $5,871,000 after acquiring an additional 6,099 shares during the period. Institutional investors own 1.48% of the company’s stock.

HSBC Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Friday, March 13th will be issued a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 10.5%. This is a boost from HSBC’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, March 13th. HSBC’s dividend payout ratio is currently 32.73%.

HSBC Company Profile

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.