Analysts Expect SunTrust Banks, Inc. (STI) Will Post Earnings of $1.30 Per Share

Wall Street analysts expect that SunTrust Banks, Inc. (NYSE:STI) will announce earnings of $1.30 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for SunTrust Banks’ earnings, with the highest EPS estimate coming in at $1.34 and the lowest estimate coming in at $1.26. SunTrust Banks reported earnings of $1.03 per share during the same quarter last year, which indicates a positive year over year growth rate of 26.2%. The business is scheduled to announce its next earnings results before the market opens on Friday, July 20th.

On average, analysts expect that SunTrust Banks will report full-year earnings of $5.29 per share for the current financial year, with EPS estimates ranging from $5.16 to $5.43. For the next financial year, analysts forecast that the company will report earnings of $5.61 per share, with EPS estimates ranging from $5.39 to $5.95. Zacks’ EPS averages are an average based on a survey of analysts that cover SunTrust Banks.

SunTrust Banks (NYSE:STI) last issued its quarterly earnings results on Friday, April 20th. The financial services provider reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.18. SunTrust Banks had a return on equity of 10.05% and a net margin of 24.92%. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The firm’s revenue was up .4% compared to the same quarter last year.

Several equities analysts have recently issued reports on STI shares. Piper Jaffray Companies reissued a “buy” rating and issued a $75.00 price objective on shares of SunTrust Banks in a report on Sunday, April 22nd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $75.00 price objective on shares of SunTrust Banks in a report on Thursday, April 5th. Zacks Investment Research raised SunTrust Banks from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Wednesday, March 21st. ValuEngine raised SunTrust Banks from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Stephens cut SunTrust Banks from an “overweight” rating to an “equal weight” rating in a report on Monday, April 23rd. They noted that the move was a valuation call. Eighteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. SunTrust Banks currently has a consensus rating of “Hold” and a consensus price target of $70.50.

Shares of SunTrust Banks traded down $0.99, hitting $68.89, on Friday, MarketBeat Ratings reports. The company had a trading volume of 2,789,065 shares, compared to its average volume of 3,188,361. The stock has a market cap of $32.61 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.03 and a beta of 1.31. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.48. SunTrust Banks has a twelve month low of $51.96 and a twelve month high of $73.37.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, May 30th. This represents a $1.60 annualized dividend and a yield of 2.32%. SunTrust Banks’s dividend payout ratio (DPR) is currently 39.60%.

In other SunTrust Banks news, COO Hugh S. Cummins III sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $69.00, for a total transaction of $759,000.00. Following the completion of the sale, the chief operating officer now directly owns 40,198 shares in the company, valued at approximately $2,773,662. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Steven C. Voorhees acquired 6,000 shares of the business’s stock in a transaction on Friday, May 4th. The shares were purchased at an average price of $65.96 per share, with a total value of $395,760.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $659,600. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 21,250 shares of company stock valued at $1,464,300. 0.52% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of STI. We Are One Seven LLC purchased a new stake in shares of SunTrust Banks in the fourth quarter valued at approximately $308,000. BNP Paribas Arbitrage SA grew its position in shares of SunTrust Banks by 45.2% in the first quarter. BNP Paribas Arbitrage SA now owns 144,523 shares of the financial services provider’s stock valued at $9,833,000 after purchasing an additional 45,006 shares in the last quarter. Exencial Wealth Advisors LLC grew its position in shares of SunTrust Banks by 4.4% in the fourth quarter. Exencial Wealth Advisors LLC now owns 72,645 shares of the financial services provider’s stock valued at $4,692,000 after purchasing an additional 3,068 shares in the last quarter. Raymond James & Associates grew its position in shares of SunTrust Banks by 1.2% in the fourth quarter. Raymond James & Associates now owns 629,215 shares of the financial services provider’s stock valued at $40,642,000 after purchasing an additional 7,421 shares in the last quarter. Finally, MainStreet Investment Advisors LLC purchased a new stake in shares of SunTrust Banks in the fourth quarter valued at approximately $262,000. Institutional investors own 83.68% of the company’s stock.

SunTrust Banks Company Profile

SunTrust Banks, Inc operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, and institutions in the United States. It operates through two segments, Consumer and Wholesale. The Consumer segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; professional investment advisory products and services; and trust services, as well as family office solutions.

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Earnings History and Estimates for SunTrust Banks (NYSE:STI)

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