HSBC (HSBC) Set to Announce Quarterly Earnings on Tuesday

HSBC (NYSE:HSBC – Get Free Report) is preparing to release its quarterly earnings report before the market opens on Tuesday, October 29th. Investors and analysts interested in the results can participate in the earnings conference call through the company’s official link.

In its most recent earnings announcement on July 31st, HSBC reported an earnings per share (EPS) of $1.65. The company's net margin stood at 15.61% and its return on equity was 10.60%. During that quarter, HSBC generated revenue of $16.54 billion. Analysts forecast an EPS of $6 for both the current and upcoming fiscal years.

Recent Stock Performance

On Friday, HSBC shares opened at $44.36. The stock has fluctuated between a one-year low of $35.30 and a high of $46.07. HSBC currently holds a market capitalization of $97.26 billion, with a price-to-earnings ratio of 7.65 and a beta value of 0.56. The company’s moving averages stand at $44.19 for the 50-day and $43.54 for the 200-day. Additionally, HSBC has a debt-to-equity ratio of 0.65, a quick ratio of 0.96, and a current ratio of 0.89.

Dividend Announcement

Recently, HSBC declared a quarterly dividend which was disbursed on Friday, September 27th. Shareholders who were on record as of Friday, August 16th received a dividend payment of $0.50 per share. The ex-dividend date was also set for August 16th. This translates to an annualized dividend of $2.00, providing a yield of 4.51%. HSBC’s current dividend payout ratio is 34.14%.

Analyst Ratings

In a recent report released on July 31st, Dbs Bank has upgraded HSBC to a ‘strong-buy’ rating, reflecting increased confidence in the company's performance.

Company Overview

HSBC Holdings plc is a global financial services and banking institution. It operates through various segments including Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets. The Wealth and Personal Banking segment offers a range of services such as retail banking, mortgages, personal loans, credit and debit card services, as well as wealth management products including insurance and investment options.

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