Barclays PLC (NYSE:BCS) – Equities research analysts at Jefferies Financial Group lowered their Q2 2019 earnings estimates for shares of Barclays in a research report issued to clients and investors on Monday, July 1st, according to Zacks Investment Research. Jefferies Financial Group analyst J. Dickerson now anticipates that the financial services provider will post earnings of $0.31 per share for the quarter, down from their prior forecast of $0.32. Jefferies Financial Group also issued estimates for Barclays’ Q3 2019 earnings at $0.34 EPS, Q4 2019 earnings at $0.26 EPS, FY2019 earnings at $1.24 EPS, FY2020 earnings at $1.31 EPS and FY2021 earnings at $1.41 EPS.
Barclays (NYSE:BCS) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Barclays had a return on equity of 5.51% and a net margin of 15.73%. The firm had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.97 billion.
A number of other equities research analysts have also commented on the company. Bank of America upgraded Royal Bank of Scotland Group from an “underperform” rating to a “neutral” rating in a research report on Thursday, April 18th. Zacks Investment Research downgraded Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $11.00.
Shares of NYSE BCS traded down $0.09 during trading on Tuesday, reaching $7.71. The company had a trading volume of 1,009,153 shares, compared to its average volume of 2,773,983. The company has a fifty day simple moving average of $7.66. Barclays has a 12 month low of $7.07 and a 12 month high of $10.48. The company has a market cap of $33.36 billion, a PE ratio of 6.65, a P/E/G ratio of 2.91 and a beta of 0.91. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 5.01.
Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Barclays by 7.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 14,443,537 shares of the financial services provider’s stock valued at $108,904,000 after purchasing an additional 980,953 shares during the period. Deutsche Bank AG raised its stake in Barclays by 9,565.4% during the 4th quarter. Deutsche Bank AG now owns 5,282,341 shares of the financial services provider’s stock worth $39,828,000 after buying an additional 5,227,689 shares during the period. Parametric Portfolio Associates LLC raised its stake in Barclays by 26.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 4,271,115 shares of the financial services provider’s stock worth $34,169,000 after buying an additional 888,209 shares during the period. Brandes Investment Partners LP raised its stake in Barclays by 15.0% during the 1st quarter. Brandes Investment Partners LP now owns 3,653,430 shares of the financial services provider’s stock worth $29,227,000 after buying an additional 476,187 shares during the period. Finally, Raymond James & Associates raised its stake in Barclays by 10.7% during the 1st quarter. Raymond James & Associates now owns 2,795,481 shares of the financial services provider’s stock worth $22,364,000 after buying an additional 271,096 shares during the period. 2.57% of the stock is currently owned by institutional investors.
Barclays Company Profile
Barclays PLC, through its subsidiaries, provides various financial products and services in the United Kingdom, other European countries, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International divisions. It offers personal and business banking services; credit and debit cards; international banking; and private banking services, which include investment, wealth planning, and credit and specialist solutions to high net worth and ultra-high net worth clients, and family offices.