Zions Bancorp (ZION) Scheduled to Post Quarterly Earnings on Monday

Zions Bancorp (NASDAQ:ZION) will announce its earnings results after the market closes on Monday, October 22nd. Analysts expect the company to announce earnings of $0.96 per share for the quarter.

Zions Bancorp (NASDAQ:ZION) last posted its earnings results on Monday, July 23rd. The bank reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.03). Zions Bancorp had a return on equity of 10.86% and a net margin of 25.03%. The firm had revenue of $686.00 million during the quarter, compared to the consensus estimate of $687.26 million. During the same quarter in the previous year, the company earned $0.73 EPS. On average, analysts expect Zions Bancorp to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NASDAQ ZION opened at $46.97 on Friday. Zions Bancorp has a 1 year low of $43.50 and a 1 year high of $59.19. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $9.42 billion, a PE ratio of 16.65, a PEG ratio of 1.32 and a beta of 1.40.

ZION has been the topic of a number of research analyst reports. UBS Group downgraded shares of Zions Bancorp from a “buy” rating to a “neutral” rating in a report on Friday, September 7th. BidaskClub downgraded shares of Zions Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 3rd. Morgan Stanley cut their price target on shares of Zions Bancorp from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 18th. Raymond James raised shares of Zions Bancorp from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, July 10th. Finally, Zacks Investment Research raised shares of Zions Bancorp from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Monday, July 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $59.58.

In other Zions Bancorp news, insider Leeanne B. Linderman sold 5,000 shares of the company’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $48.10, for a total transaction of $240,500.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Rebecca K. Robinson sold 6,361 shares of the company’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $53.75, for a total transaction of $341,903.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,896 shares of company stock worth $1,256,529. Insiders own 1.60% of the company’s stock.

Zions Bancorp Company Profile

Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.

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Earnings History for Zions Bancorp (NASDAQ:ZION)

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