Zacks: Brokerages Expect Hancock Whitney Corp (HWC) Will Post Quarterly Sales of $296.04 Million

Analysts forecast that Hancock Whitney Corp (NYSE:HWC) will report $296.04 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Hancock Whitney’s earnings. The highest sales estimate is $299.60 million and the lowest is $291.00 million. Hancock Whitney reported sales of $277.74 million during the same quarter last year, which indicates a positive year over year growth rate of 6.6%. The company is expected to issue its next quarterly earnings results on Wednesday, January 16th.

According to Zacks, analysts expect that Hancock Whitney will report full-year sales of $1.14 billion for the current fiscal year, with estimates ranging from $1.13 billion to $1.16 billion. For the next year, analysts expect that the business will report sales of $1.21 billion, with estimates ranging from $1.19 billion to $1.24 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Hancock Whitney.

Hancock Whitney (NYSE:HWC) last announced its quarterly earnings data on Tuesday, October 16th. The company reported $1.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.01. The business had revenue of $289.71 million during the quarter, compared to analyst estimates of $292.73 million.

Several research analysts have recently issued reports on the stock. Stephens restated a “hold” rating and issued a $54.00 target price on shares of Hancock Whitney in a report on Wednesday, July 18th. Raymond James cut their price objective on shares of Hancock Whitney from $60.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Thursday. Zacks Investment Research upgraded shares of Hancock Whitney from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Tuesday. Finally, Piper Jaffray Companies set a $59.00 price target on shares of Hancock Whitney and gave the stock a “buy” rating in a research note on Thursday, July 19th.

In other news, CEO John M. Hairston sold 15,941 shares of Hancock Whitney stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $50.18, for a total transaction of $799,919.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Christine L. Pickering sold 586 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $51.55, for a total transaction of $30,208.30. The disclosure for this sale can be found here. Insiders sold 24,452 shares of company stock worth $1,240,246 in the last 90 days.

Institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC bought a new stake in shares of Hancock Whitney during the second quarter valued at about $127,000. Cerebellum GP LLC purchased a new position in Hancock Whitney in the 2nd quarter worth about $168,000. Brown Advisory Inc. purchased a new position in Hancock Whitney in the 1st quarter worth about $221,000. Neville Rodie & Shaw Inc. purchased a new position in Hancock Whitney in the 2nd quarter worth about $226,000. Finally, LS Investment Advisors LLC purchased a new position in Hancock Whitney in the 2nd quarter worth about $227,000.

NYSE HWC traded down $0.79 on Friday, hitting $41.85. 543,500 shares of the stock were exchanged, compared to its average volume of 534,269. Hancock Whitney has a fifty-two week low of $41.00 and a fifty-two week high of $56.40.

About Hancock Whitney

Hancock Whitney Corp. is a bank holding company, which engages in the provision of financial services. It also offers trust and investment management services to retirement plans, corporations, and individuals; and brokerage services, annuity products, and life insurance, general insurance agency services, including life and title insurance, consumer financing service.

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Earnings History and Estimates for Hancock Whitney (NYSE:HWC)

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