UBS Group (NYSE:UBS – Get Free Report) issued its quarterly earnings results on Wednesday. The bank reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.15, Zacks reports. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. The firm had revenue of $19.31 billion for the quarter, compared to analyst estimates of $11.20 billion. During the same quarter in the prior year, the firm earned ($0.24) EPS.
UBS Group Trading Up 1.4 %
UBS stock traded up $0.43 during midday trading on Friday, hitting $31.11. The company had a trading volume of 1,365,050 shares, compared to its average volume of 1,253,415. The company has a current ratio of 1.05, a quick ratio of 1.06 and a debt-to-equity ratio of 3.87. UBS Group has a 52 week low of $24.07 and a 52 week high of $32.90. The stock has a market cap of $99.75 billion, a price-to-earnings ratio of 25.93 and a beta of 1.15. The stock’s 50 day moving average price is $30.88 and its 200 day moving average price is $30.21.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the company. Bank of America initiated coverage on UBS Group in a research report on Thursday, September 19th. They issued a “neutral” rating for the company. StockNews.com raised shares of UBS Group from a “hold” rating to a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, UBS Group currently has a consensus rating of “Moderate Buy”.
UBS Group Company Profile
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.
Recommended Stories
- Five stocks we like better than UBS Group
- How Can Investors Benefit From After-Hours Trading
- Battle of the Retailers: Who Comes Out on Top?
- How Investors Can Find the Best Cheap Dividend Stocks
- HCA Healthcare: Temporary Setbacks, Long-Term Strength
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- 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.
