ING Groep (ING) to Release Earnings on Thursday

ING Groep (NYSE:ING) will be releasing its earnings data before the market opens on Thursday, October 31st. Persons interested in listening to the company’s earnings conference call can do so using this link.

ING Groep (NYSE:ING) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.58 EPS for the quarter. ING Groep had a net margin of 30.60% and a return on equity of 12.65%. The business had revenue of $6.15 billion for the quarter. During the same quarter last year, the company posted $0.65 EPS. On average, analysts expect ING Groep to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

ING Groep Stock Performance

Shares of NYSE ING opened at $16.95 on Wednesday. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.95 and a quick ratio of 1.12. The firm has a market cap of $59.28 billion, a price-to-earnings ratio of 7.50, a P/E/G ratio of 6.58 and a beta of 1.52. The stock’s fifty day moving average price is $17.74 and its two-hundred day moving average price is $17.46. ING Groep has a one year low of $12.44 and a one year high of $18.72.

Analysts Set New Price Targets

Several research firms have commented on ING. Deutsche Bank Aktiengesellschaft lowered shares of ING Groep from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Barclays downgraded shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, Citigroup raised ING Groep to a “strong-buy” rating in a report on Thursday, October 17th.

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.