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.
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.
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.
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.
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