BB&T (BBT) Scheduled to Post Earnings on Thursday

BB&T (NYSE:BBT) is set to post its quarterly earnings results before the market opens on Thursday, April 19th. Analysts expect BB&T to post earnings of $0.88 per share for the quarter.

BB&T (NYSE:BBT) last issued its earnings results on Thursday, January 18th. The insurance provider reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.04. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.86 billion. BB&T had a net margin of 19.25% and a return on equity of 9.93%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 earnings per share. On average, analysts expect BB&T to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

How to Become a New Pot Stock Millionaire

Shares of NYSE:BBT opened at $52.00 on Tuesday. The firm has a market cap of $40,432.25, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 1.16 and a beta of 1.04. BB&T has a 1-year low of $41.17 and a 1-year high of $56.31. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.86 and a current ratio of 0.87.

The firm also recently announced a None dividend, which was paid on Tuesday, March 20th. Shareholders of record on Tuesday, March 6th were issued a dividend of $0.045 per share. The ex-dividend date of this dividend was Monday, March 5th. This represents a dividend yield of 2.37%. BB&T’s dividend payout ratio (DPR) is 42.04%.

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and set a $56.00 target price on shares of BB&T in a report on Thursday, April 5th. Edward Jones raised shares of BB&T from a “hold” rating to a “buy” rating in a report on Wednesday, April 11th. Zacks Investment Research cut shares of BB&T from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. B. Riley reaffirmed a “hold” rating and issued a $55.00 price objective on shares of BB&T in a report on Thursday, January 18th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of BB&T in a report on Thursday, January 18th. Fourteen investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. BB&T has a consensus rating of “Hold” and a consensus price target of $53.76.

In related news, Director I. Patricia Henry sold 2,825 shares of the stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $55.20, for a total value of $155,940.00. Following the completion of the transaction, the director now owns 4,375 shares in the company, valued at approximately $241,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nido R. Qubein sold 21,025 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $54.50, for a total transaction of $1,145,862.50. Following the completion of the transaction, the director now owns 59,513 shares of the company’s stock, valued at approximately $3,243,458.50. The disclosure for this sale can be found here. Insiders sold a total of 170,078 shares of company stock valued at $9,316,414 in the last quarter. 0.51% of the stock is currently owned by insiders.

COPYRIGHT VIOLATION NOTICE: This news story was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.chaffeybreeze.com/2018/04/17/bbt-bbt-scheduled-to-post-earnings-on-thursday.html.

BB&T Company Profile

BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.

Earnings History for BB&T (NYSE:BBT)

Receive News & Ratings for BB&T Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BB&T and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply