SunTrust Banks (STI) to Release Quarterly Earnings on Thursday

SunTrust Banks (NYSE:STI) is scheduled to issue its quarterly earnings data before the market opens on Thursday, January 18th.

SunTrust Banks (NYSE:STI) last posted its quarterly earnings data on Friday, October 20th. The financial services provider reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.30 billion. SunTrust Banks had a net margin of 20.88% and a return on equity of 8.83%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 EPS. On average, analysts expect SunTrust Banks to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

SunTrust Banks (NYSE:STI) opened at $68.89 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.93. The firm has a market cap of $32,790.00, a PE ratio of 17.66, a price-to-earnings-growth ratio of 1.37 and a beta of 1.29. SunTrust Banks has a 12-month low of $51.96 and a 12-month high of $68.95.

STI has been the subject of a number of analyst reports. Zacks Investment Research raised shares of SunTrust Banks from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, October 10th. Piper Jaffray Companies restated a “buy” rating and issued a $63.00 target price on shares of SunTrust Banks in a research note on Wednesday, October 4th. Jefferies Group restated a “buy” rating and issued a $69.00 target price on shares of SunTrust Banks in a research note on Thursday, October 12th. Royal Bank of Canada restated a “buy” rating and issued a $65.00 target price on shares of SunTrust Banks in a research note on Monday, October 23rd. Finally, UBS Group upgraded shares of SunTrust Banks from a “neutral” rating to a “buy” rating and upped their target price for the company from $62.00 to $73.00 in a research note on Tuesday, December 12th. Fourteen research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $67.88.

In related news, Director Kyle P. Legg sold 3,300 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $21.82, for a total transaction of $72,006.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Mark A. Chancy sold 4,000 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $60.06, for a total transaction of $240,240.00. The disclosure for this sale can be found here. 0.55% of the stock is owned by corporate insiders.

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SunTrust Banks Company Profile

SunTrust Banks, Inc is a provider of financial services. The Company’s principal subsidiary is SunTrust Bank (the Bank). The Company’s business segments include Consumer Banking and Private Wealth Management, Wholesale Banking, Mortgage Banking and Corporate Other. As of December 31, 2016, the Consumer Banking and Private Wealth Management segment consisted of three primary businesses: Consumer Banking, Consumer Lending and Private Wealth Management.

Earnings History for SunTrust Banks (NYSE:STI)

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