$8.54 Billion in Sales Expected for UBS Group AG (NYSE:UBS) This Quarter

Analysts expect UBS Group AG (NYSE:UBS) to announce sales of $8.54 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for UBS Group’s earnings. The highest sales estimate is $8.74 billion and the lowest is $8.34 billion. UBS Group posted sales of $8.18 billion during the same quarter last year, which would indicate a positive year over year growth rate of 4.4%. The firm is scheduled to issue its next earnings results before the market opens on Tuesday, February 1st.

On average, analysts expect that UBS Group will report full year sales of $35.23 billion for the current financial year, with estimates ranging from $35.03 billion to $35.43 billion. For the next year, analysts expect that the company will report sales of $34.60 billion, with estimates ranging from $33.51 billion to $35.68 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for UBS Group.

UBS Group (NYSE:UBS) last released its earnings results on Sunday, October 24th. The bank reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.20. The business had revenue of $9.12 billion during the quarter, compared to analysts’ expectations of $7.96 billion. UBS Group had a net margin of 22.02% and a return on equity of 13.15%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.56 earnings per share.

Several analysts recently issued reports on the stock. Barclays reaffirmed an “underweight” rating on shares of UBS Group in a research note on Wednesday, October 27th. Keefe, Bruyette & Woods raised shares of UBS Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of UBS Group in a research note on Wednesday, December 1st. JPMorgan Chase & Co. upped their price objective on shares of UBS Group from CHF 21 to CHF 22 in a research note on Friday, January 7th. Finally, DZ Bank cut shares of UBS Group from a “buy” rating to a “hold” rating and set a CHF 18 price objective for the company. in a research note on Tuesday, October 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $18.56.

Several hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of UBS Group by 2.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 134,610,772 shares of the bank’s stock worth $2,064,929,000 after acquiring an additional 3,117,157 shares during the last quarter. Dodge & Cox lifted its holdings in shares of UBS Group by 0.3% in the 2nd quarter. Dodge & Cox now owns 89,564,542 shares of the bank’s stock worth $1,370,693,000 after acquiring an additional 248,900 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of UBS Group by 21.4% in the 2nd quarter. Deutsche Bank AG now owns 27,843,246 shares of the bank’s stock worth $427,115,000 after acquiring an additional 4,916,233 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of UBS Group by 24.6% in the 3rd quarter. Vontobel Holding Ltd. now owns 25,076,910 shares of the bank’s stock worth $403,754,000 after acquiring an additional 4,956,828 shares during the last quarter. Finally, Amundi acquired a new position in shares of UBS Group in the 2nd quarter worth approximately $226,543,000. Hedge funds and other institutional investors own 33.25% of the company’s stock.

Shares of NYSE UBS opened at $19.62 on Friday. UBS Group has a 12-month low of $14.32 and a 12-month high of $19.78. The stock has a market cap of $68.28 billion, a PE ratio of 9.21, a P/E/G ratio of 0.71 and a beta of 1.19. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 3.39. The company has a 50-day moving average of $18.04 and a 200 day moving average of $17.03.

About UBS Group

UBS Group AG is a holding company, which engages in the provision of financial management solutions. It operates through the following segments: Global Wealth Management;; Personal and Corporate Banking; Asset Management; Investment Bank, and Corporate Center. The Global Wealth Management segment advises and offers financial services to wealthy private clients except those served by Wealth Management Americas which include banking and lending, wealth planning, and investment management.

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