Brokerages Expect Home Bancshares Inc (HOMB) Will Post Quarterly Sales of $171.60 Million

Equities analysts expect that Home Bancshares Inc (NASDAQ:HOMB) will report $171.60 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Home Bancshares’ earnings, with estimates ranging from $170.10 million to $172.90 million. Home Bancshares reported sales of $164.26 million in the same quarter last year, which would suggest a positive year over year growth rate of 4.5%. The business is scheduled to announce its next quarterly earnings results before the market opens on Thursday, January 17th.

According to Zacks, analysts expect that Home Bancshares will report full-year sales of $672.27 million for the current fiscal year, with estimates ranging from $670.20 million to $674.80 million. For the next financial year, analysts anticipate that the firm will report sales of $703.17 million, with estimates ranging from $694.80 million to $710.00 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Home Bancshares.

Home Bancshares (NASDAQ:HOMB) last posted its earnings results on Thursday, October 18th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.45 by $0.01. Home Bancshares had a return on equity of 12.73% and a net margin of 32.68%. The firm had revenue of $171.76 million for the quarter, compared to analysts’ expectations of $171.67 million. During the same period last year, the firm earned $0.10 EPS.

Several analysts recently commented on HOMB shares. TheStreet cut Home Bancshares from a “b-” rating to a “c+” rating in a research report on Monday, October 29th. Stephens restated a “buy” rating and issued a $28.00 target price on shares of Home Bancshares in a research report on Thursday, October 18th. Citigroup lowered their target price on Home Bancshares from $28.00 to $27.00 and set a “buy” rating on the stock in a research report on Friday, October 19th. BidaskClub cut Home Bancshares from a “sell” rating to a “strong sell” rating in a research report on Friday, September 28th. Finally, Piper Jaffray Companies set a $25.00 target price on Home Bancshares and gave the company a “buy” rating in a research report on Monday, November 26th. Three investment analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $25.50.

HOMB traded down $0.05 during trading hours on Friday, hitting $18.03. The company’s stock had a trading volume of 16,875 shares, compared to its average volume of 739,963. Home Bancshares has a fifty-two week low of $15.35 and a fifty-two week high of $25.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $3.13 billion, a P/E ratio of 13.44 and a beta of 1.22.

In other news, insider Tracy French purchased 2,500 shares of the stock in a transaction dated Friday, October 19th. The shares were bought at an average cost of $19.25 per share, for a total transaction of $48,125.00. Following the transaction, the insider now owns 112,601 shares in the company, valued at $2,167,569.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.15% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc grew its holdings in shares of Home Bancshares by 1.0% in the 3rd quarter. Legal & General Group Plc now owns 154,520 shares of the financial services provider’s stock worth $3,384,000 after acquiring an additional 1,477 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Home Bancshares by 9.3% in the 4th quarter. State of Alaska Department of Revenue now owns 22,048 shares of the financial services provider’s stock worth $360,000 after acquiring an additional 1,868 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Home Bancshares by 17.5% in the 3rd quarter. Riverhead Capital Management LLC now owns 18,826 shares of the financial services provider’s stock worth $412,000 after acquiring an additional 2,800 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Home Bancshares by 2.2% in the 3rd quarter. Mutual of America Capital Management LLC now owns 137,950 shares of the financial services provider’s stock worth $3,021,000 after acquiring an additional 2,941 shares during the last quarter. Finally, Retirement Systems of Alabama grew its holdings in shares of Home Bancshares by 1.6% in the 3rd quarter. Retirement Systems of Alabama now owns 207,660 shares of the financial services provider’s stock worth $4,548,000 after acquiring an additional 3,365 shares during the last quarter. Institutional investors and hedge funds own 65.62% of the company’s stock.

Home Bancshares Company Profile

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, NOW, and money market accounts, as well as certificates of deposit.

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Earnings History and Estimates for Home Bancshares (NASDAQ:HOMB)

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