Zions Bancorp (ZION) Set to Announce Earnings on Monday

Zions Bancorp (NASDAQ:ZION) is scheduled to be announcing its earnings results after the market closes on Monday, April 23rd. Analysts expect the company to announce earnings of $0.81 per share for the quarter.

Zions Bancorp (NASDAQ:ZION) last posted its quarterly earnings data on Monday, January 22nd. The bank reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.07. The firm had revenue of $665.00 million during the quarter, compared to analysts’ expectations of $670.55 million. Zions Bancorp had a net margin of 21.58% and a return on equity of 9.04%. During the same quarter last year, the company posted $0.60 EPS. On average, analysts expect Zions Bancorp to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

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NASDAQ:ZION opened at $52.85 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $10,637.32, a P/E ratio of 18.48, a P/E/G ratio of 1.58 and a beta of 1.38. Zions Bancorp has a fifty-two week low of $38.43 and a fifty-two week high of $57.29.

A number of equities analysts recently weighed in on ZION shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $60.00 price objective on shares of Zions Bancorp in a research report on Friday, December 22nd. Morgan Stanley increased their price objective on shares of Zions Bancorp from $57.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Piper Jaffray reaffirmed a “hold” rating and set a $49.00 price objective on shares of Zions Bancorp in a research report on Tuesday, January 9th. BidaskClub cut shares of Zions Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Finally, Sandler O’Neill reiterated a “buy” rating and set a $62.00 target price on shares of Zions Bancorp in a report on Friday, March 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $56.67.

In related news, General Counsel Thomas E. Laursen sold 1,250 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $54.28, for a total value of $67,850.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Scott J. Mclean sold 31,309 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $56.15, for a total transaction of $1,758,000.35. The disclosure for this sale can be found here. Insiders sold a total of 57,224 shares of company stock worth $3,156,817 over the last 90 days. Company insiders own 1.46% of the company’s stock.

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About Zions Bancorp

Zions Bancorporation is a financial holding company. The Company conducts its banking operations through separately managed and branded segments, including Zions Bank, Amegy Bank, California Bank & Trust, National Bank of Arizona, Nevada State Bank (NSB), Vectra Bank Colorado, The Commerce Bank of Washington (TCBW) and Other.

Earnings History for Zions Bancorp (NASDAQ:ZION)

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