BB&T Co. (BBT) Expected to Post Earnings of $1.04 Per Share

Brokerages forecast that BB&T Co. (NYSE:BBT) will report earnings per share (EPS) of $1.04 for the current quarter, Zacks reports. Six analysts have issued estimates for BB&T’s earnings, with the lowest EPS estimate coming in at $1.00 and the highest estimate coming in at $1.07. BB&T posted earnings per share of $0.82 in the same quarter last year, which indicates a positive year over year growth rate of 26.8%. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, January 17th.

According to Zacks, analysts expect that BB&T will report full year earnings of $3.98 per share for the current financial year, with EPS estimates ranging from $3.94 to $4.01. For the next fiscal year, analysts forecast that the company will post earnings of $4.37 per share, with EPS estimates ranging from $4.21 to $4.50. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover BB&T.

BB&T (NYSE:BBT) last released its quarterly earnings data on Thursday, October 18th. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. BB&T had a net margin of 23.52% and a return on equity of 11.66%. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the previous year, the company earned $0.74 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year.

A number of equities analysts have issued reports on the stock. ValuEngine cut shares of BB&T from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Zacks Investment Research cut shares of BB&T from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. B. Riley set a $56.00 price objective on shares of BB&T and gave the company a “buy” rating in a research report on Monday, October 15th. Finally, BMO Capital Markets decreased their price objective on shares of BB&T from $58.00 to $57.00 and set an “outperform” rating on the stock in a research report on Friday, October 19th. Nine equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $55.50.

In related news, Director I. Patricia Henry sold 611 shares of the business’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $49.50, for a total transaction of $30,244.50. Following the sale, the director now owns 4,375 shares of the company’s stock, valued at $216,562.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nido R. Qubein sold 2,825 shares of the business’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $50.19, for a total transaction of $141,786.75. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the stock. Zions Bancorporation bought a new stake in BB&T during the third quarter worth about $102,000. IMA Wealth Inc. bought a new stake in BB&T during the second quarter worth about $116,000. Girard Partners LTD. bought a new stake in BB&T during the third quarter worth about $142,000. SRS Capital Advisors Inc. boosted its stake in BB&T by 4,311.8% during the third quarter. SRS Capital Advisors Inc. now owns 3,000 shares of the insurance provider’s stock worth $146,000 after acquiring an additional 2,932 shares in the last quarter. Finally, ClariVest Asset Management LLC bought a new stake in BB&T during the second quarter worth about $167,000. 63.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of BBT stock traded up $0.50 during mid-day trading on Friday, reaching $51.10. The stock had a trading volume of 4,685,428 shares, compared to its average volume of 4,593,527. BB&T has a 52-week low of $45.93 and a 52-week high of $56.31. The stock has a market capitalization of $39.38 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 1.20 and a beta of 0.94. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Friday, November 9th will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend is Thursday, November 8th. BB&T’s dividend payout ratio is currently 51.59%.

About BB&T

BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.

See Also: Asset Allocation

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Earnings History and Estimates for BB&T (NYSE:BBT)

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