$ 0.37 expected EPS for Huntington Bancshares Incorporated (NASDAQ: HBAN) this quarter
Wall Street brokerages expect Huntington Bancshares Incorporated (NASDAQ: HBAN) to report earnings per share (EPS) of $ 0.37 for the current fiscal quarter, according to Zacks. Four analysts have released earnings estimates for Huntington Bancshares. The lowest EPS estimate is $ 0.35 and the highest is $ 0.39. Huntington Bancshares posted earnings per share of $ 0.27 in the same quarter last year, which would suggest a positive year-over-year growth rate of 37%. The company is expected to release its next quarterly earnings report on Friday, January 28.
On average, analysts predict that Huntington Bancshares will report annual earnings of $ 1.55 per share for the current fiscal year, with EPS estimates ranging from $ 1.52 to $ 1.56. For next year, analysts expect the company to post earnings of $ 1.42 per share, with EPS estimates ranging from $ 1.35 to $ 1.51. Zacks Investment Research’s EPS calculations are an average based on a survey of research companies that track Huntington Bancshares.
Huntington Bancshares (NASDAQ: HBAN) last released its quarterly earnings data on Wednesday, October 27. The bank reported earnings per share (EPS) of $ 0.22 for the quarter, missing the Thomson Reuters consensus estimate of $ 0.36 ($ 0.14). Huntington Bancshares recorded a return on equity of 13.28% and a net margin of 30.72%. The company posted revenue of $ 1.70 billion for the quarter, against analysts’ expectations of $ 1.69 billion. During the same period last year, the company made a profit of $ 0.27 per share. The company’s revenue increased 35.8% year-on-year.
Several brokerages have commented on HBAN. Morgan Stanley raised its price target on Huntington Bancshares from $ 18.00 to $ 19.00 and gave the company an “equal weight” rating in a research report published on Monday, December 6. TheStreet downgraded Huntington Bancshares from a “c +” rating to a “b-” rating in a research report released on Friday, September 17th. Raymond James raised his price target on Huntington Bancshares from $ 18.00 to $ 20.00 and gave the company a “strong buy” rating in a research report published on Thursday, October 7. Deutsche Bank Aktiengesellschaft reissued a “hold” note on Huntington Bancshares shares in a research report on Friday, December 17th. Finally, Wolfe Research downgraded Huntington Bancshares from an “outperformance” rating to a “peer performance” rating and lowered its share price target from $ 20.00 to $ 18.00 in a report. research published Wednesday, November 17. Seven investment analysts gave the stock a conservation rating, two gave the company a buy rating and one gave the company a high buy rating. According to data from MarketBeat.com, Huntington Bancshares has an average “Hold” rating and an average price target of $ 17.19.
NASDAQ: HBAN opened at $ 15.42 on Friday. The stock’s fifty-day moving average is $ 15.65 and its 200-day moving average is $ 15.14. Huntington Bancshares has a 52 week low of $ 12.41 and a 52 week high of $ 16.91. The company has a market cap of $ 22.30 billion, a PE ratio of 11.26, a PEG ratio of 0.40 and a beta of 1.27. The company has a debt to equity ratio of 0.45, a quick ratio of 0.83, and a current ratio of 0.84.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 3. Investors of record on Friday, December 17 will receive a dividend of $ 0.155 per share. This is a boost from Huntington Bancshares’ previous quarterly dividend of $ 0.15. This represents a dividend of $ 0.62 on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Thursday, December 16. Huntington Bancshares’ dividend payout ratio is 45.26%.
In other Huntington Bancshares news, executive vice president Paul G. Heller sold 181,688 shares in a trade dated Monday, November 1. The stock was sold for an average price of $ 15.92, for a total value of $ 2,892,472.96. The transaction was disclosed in a legal file with the Securities & Exchange Commission, accessible through the SEC website. In addition, Vice President Julie C. Tutkovics sold 3,544 shares of the company in a transaction dated Thursday, October 21. The stock was sold for an average price of $ 16.70, for a total value of $ 59,184.80. Disclosure of this sale can be found here. Insiders have sold a total of 343,529 shares of the company valued at $ 5,503,706 in the past 90 days. 1.04% of the shares are currently held by insiders of the company.
Several large investors have recently changed their positions in the company. Johnson Investment Counsel Inc. increased its stake in the shares of Huntington Bancshares by 0.8% in the third quarter. Johnson Investment Counsel Inc. now owns 77,326 shares of the bank valued at $ 1,207,000 after purchasing an additional 627 shares in the last quarter. Gilbert & Cook Inc. increased its stake in the shares of Huntington Bancshares by 4.8% in the third quarter. Gilbert & Cook Inc. now owns 15,251 shares of the bank valued at $ 236,000 after purchasing an additional 702 shares during the last quarter. JW Cole Advisors Inc. increased its stake in shares of Huntington Bancshares by 4.1% in the second quarter. JW Cole Advisors Inc. now owns 18,763 shares of the bank valued at $ 268,000 after purchasing an additional 743 shares in the last quarter. Everhart Financial Group Inc. increased its holdings in Huntington Bancshares by 1.4% in the third quarter. Everhart Financial Group Inc. now owns 57,032 shares of the bank valued at $ 882,000 after acquiring 773 additional shares during the period. Finally, Meeder Asset Management Inc. increased its stake in Huntington Bancshares by 1.5% during the second quarter. Meeder Asset Management Inc. now owns 53,523 shares of the bank valued at $ 764,000 after acquiring an additional 805 shares during the period. Hedge funds and other institutional investors hold 76.81% of the company’s shares.
Huntington Bancshares Company Profile
Huntington Bancshares, Inc. operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational and marine vehicle financing, equipment leasing, investment management, trust services, brokerage services, insurance programs and other financial products and services.
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