United Overseas Bank Ltd to Post FY2017 Earnings of $2.99 Per Share, Jefferies Group Forecasts (UOVEY)

United Overseas Bank Ltd (OTCMKTS:UOVEY) – Analysts at Jefferies Group boosted their FY2017 EPS estimates for United Overseas Bank in a note issued to investors on Monday. Jefferies Group analyst K. Guha now anticipates that the company will post earnings per share of $2.99 for the year, up from their previous forecast of $2.85. Jefferies Group also issued estimates for United Overseas Bank’s FY2018 earnings at $3.32 EPS.

Separately, Zacks Investment Research raised United Overseas Bank from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Wednesday.

Shares of United Overseas Bank (UOVEY) opened at $38.25 on Tuesday. United Overseas Bank has a 52 week low of $27.60 and a 52 week high of $39.61. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $31,806.03, a P/E ratio of 4.21, a P/E/G ratio of 4.34 and a beta of 1.26.

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United Overseas Bank Company Profile

United Overseas Bank Limited is a bank in Asia. The Company provides financial services across the globe through its segments, which include Group Retail (GR), Group Wholesale Banking (GWB), Global Markets (GM) and Others. GR segment covers personal and small enterprise customers. GWB encompasses corporate and institutional client segments, which include medium and large enterprises, local corporations, multi-national corporations, financial institutions, government-linked entities, financial sponsors and property funds.

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