ING Groep (NYSE:ING) Releases Earnings Results, Misses Expectations By $0.02 EPS

ING Groep (NYSE:ING) released its quarterly earnings data on Thursday. The financial services provider reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02), Zacks reports. ING Groep had a net margin of 30.06% and a return on equity of 12.49%.

ING Groep Trading Down 1.1 %

ING traded down $0.18 on Thursday, hitting $16.46. 4,087,672 shares of the company were exchanged, compared to its average volume of 2,621,003. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a fifty day simple moving average of $15.91 and a two-hundred day simple moving average of $16.80. The stock has a market capitalization of $57.56 billion, a PE ratio of 7.38, a price-to-earnings-growth ratio of 6.18 and a beta of 1.46. ING Groep has a 12 month low of $12.77 and a 12 month high of $18.72.

ING Groep Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Monday, January 13th were paid a $0.1667 dividend. This represents a yield of 6.4%. The ex-dividend date of this dividend was Monday, January 13th. ING Groep’s dividend payout ratio is presently 29.15%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ING shares. Citigroup upgraded shares of ING Groep to a “strong-buy” rating in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft downgraded ING Groep from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Morgan Stanley cut shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th. Finally, Barclays cut ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd.

About ING Groep

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.