Barclays (NYSE:BCS) Announces Earnings Results

Barclays PLC (NYSE:BCS) posted its earnings results on Thursday. The financial services provider reported $0.56 earnings per share for the quarter, Zacks reports. Barclays had a return on equity of 5.94% and a net margin of 16.83%. The company had revenue of $8.52 billion for the quarter. During the same period in the prior year, the company posted $0.42 EPS.

Barclays Price Performance

Shares of NYSE:BCS opened at $12.59 on Friday. The firm’s 50 day simple moving average is $12.12 and its two-hundred day simple moving average is $11.31. The company has a debt-to-equity ratio of 5.98, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market capitalization of $46.65 billion, a P/E ratio of 9.40, a P/E/G ratio of 0.68 and a beta of 1.42. Barclays PLC has a 1-year low of $6.23 and a 1-year high of $13.20.

Barclays Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, August 16th were paid a dividend of $0.2684 per share. This is a boost from Barclays’s previous semi-annual dividend of $0.27. The ex-dividend date was Friday, August 16th. This represents a yield of 3.6%. Barclays’s dividend payout ratio (DPR) is presently 21.64%.

Wall Street Analyst Weigh In

A number of analysts have commented on BCS shares. Kepler Capital Markets initiated coverage on shares of Barclays in a report on Thursday, September 5th. They set a “buy” rating for the company. StockNews.com raised shares of Barclays from a “hold” rating to a “buy” rating in a research report on Tuesday, July 9th. Finally, The Goldman Sachs Group began coverage on Barclays in a report on Tuesday, October 8th. They issued a “buy” rating on the stock.

Barclays Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.