Barclays PLC (NYSE:BCS) – Research analysts at Jefferies Financial Group decreased their Q3 2019 earnings per share (EPS) estimates for Barclays in a report issued on Tuesday, September 10th. Jefferies Financial Group analyst J. Dickerson now forecasts that the financial services provider will post earnings of $0.32 per share for the quarter, down from their prior estimate of $0.34. Jefferies Financial Group also issued estimates for Barclays’ Q4 2019 earnings at $0.24 EPS, FY2019 earnings at $1.18 EPS, FY2020 earnings at $1.25 EPS and FY2021 earnings at $1.36 EPS.
Barclays (NYSE:BCS) last issued its earnings results on Thursday, August 1st. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.92 billion. Barclays had a return on equity of 5.03% and a net margin of 14.72%.
BCS has been the subject of several other reports. Zacks Investment Research cut Barclays from a “hold” rating to a “sell” rating and set a $8.00 target price for the company. in a report on Wednesday. BNP Paribas upgraded Barclays from an “underperform” rating to a “neutral” rating in a report on Wednesday, August 21st. Keefe, Bruyette & Woods upgraded Barclays from an “underperform” rating to a “market perform” rating in a report on Thursday, September 5th. Finally, Exane BNP Paribas upgraded Barclays from an “underperform” rating to a “neutral” rating in a report on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $8.00.
Shares of NYSE:BCS opened at $7.36 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 4.93. The business has a fifty day moving average of $7.01 and a two-hundred day moving average of $7.84. The stock has a market cap of $31.73 billion, a P/E ratio of 6.34, a PEG ratio of 2.03 and a beta of 0.97. Barclays has a 52-week low of $6.54 and a 52-week high of $9.53.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BCS. Dimensional Fund Advisors LP grew its holdings in shares of Barclays by 7.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 14,443,537 shares of the financial services provider’s stock worth $108,904,000 after purchasing an additional 980,953 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of Barclays by 18.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 24,205 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 3,832 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Barclays by 13.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,379 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 2,360 shares during the period. Raymond James & Associates grew its holdings in shares of 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 purchasing an additional 271,096 shares during the period. Finally, Miracle Mile Advisors LLC purchased a new position in shares of Barclays during the 1st quarter worth $1,360,000. Institutional investors and hedge funds own 2.46% of the company’s stock.
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.