UBS Group (NYSE:UBS) Releases Quarterly Earnings Results, Beats Estimates By $0.15 EPS

UBS Group (NYSE:UBS) issued its quarterly earnings data on Wednesday. The bank reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.15, Zacks reports. The company had revenue of $19.31 billion for the quarter, compared to analyst estimates of $11.20 billion. UBS Group had a net margin of 5.13% and a return on equity of 4.69%. During the same period in the prior year, the firm earned ($0.24) earnings per share.

UBS Group Price Performance

UBS Group stock traded up $0.43 during trading hours on Friday, reaching $31.11. 1,365,050 shares of the stock were exchanged, compared to its average volume of 1,253,415. The company has a market cap of $99.75 billion, a P/E ratio of 25.93 and a beta of 1.15. 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 twelve month low of $24.07 and a twelve month high of $32.90. The stock has a 50 day moving average of $30.88 and a two-hundred day moving average of $30.21.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on UBS shares. StockNews.com raised shares of UBS Group from a “hold” rating to a “buy” rating in a research report on Friday. Bank of America assumed coverage on shares of UBS Group in a research note on Thursday, September 19th. They issued a “neutral” rating on the stock. 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, UBS Group presently 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.