Analysts Expect JPMorgan Chase & Co. (JPM) to Post $2.35 EPS

Wall Street analysts predict that JPMorgan Chase & Co. (NYSE:JPM) will announce earnings per share of $2.35 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for JPMorgan Chase & Co.’s earnings. The highest EPS estimate is $2.49 and the lowest is $2.14. JPMorgan Chase & Co. posted earnings per share of $2.37 in the same quarter last year, which indicates a negative year over year growth rate of 0.8%. The firm is expected to report its next earnings results on Friday, April 12th.

On average, analysts expect that JPMorgan Chase & Co. will report full year earnings of $9.73 per share for the current financial year, with EPS estimates ranging from $9.48 to $9.94. For the next fiscal year, analysts expect that the firm will post earnings of $10.57 per share, with EPS estimates ranging from $10.25 to $10.85. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow JPMorgan Chase & Co..

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, January 15th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.20 by ($0.22). JPMorgan Chase & Co. had a net margin of 24.71% and a return on equity of 14.07%. The firm had revenue of $26.10 billion during the quarter, compared to analysts’ expectations of $26.69 billion. During the same period in the prior year, the company posted $1.76 EPS. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year.

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating for the company in a report on Thursday, February 28th. Barclays reissued a “buy” rating and issued a $140.00 price objective on shares of JPMorgan Chase & Co. in a report on Thursday, February 21st. Wells Fargo & Co reissued an “outperform” rating and issued a $130.00 price objective (up previously from $121.00) on shares of JPMorgan Chase & Co. in a report on Thursday, February 14th. Daiwa Capital Markets lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Friday, February 8th. Finally, Morgan Stanley dropped their price objective on shares of JPMorgan Chase & Co. from $131.00 to $124.00 and set an “overweight” rating for the company in a report on Tuesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $122.87.

Shares of JPM opened at $105.34 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.22. JPMorgan Chase & Co. has a 12-month low of $91.11 and a 12-month high of $119.24. The stock has a market capitalization of $358.26 billion, a P/E ratio of 11.70, a PEG ratio of 1.60 and a beta of 1.12.

In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 11,659 shares of the stock in a transaction dated Tuesday, January 29th. The shares were sold at an average price of $105.00, for a total transaction of $1,224,195.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ashley Bacon sold 5,831 shares of the stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $102.78, for a total transaction of $599,310.18. Following the transaction, the insider now directly owns 98,838 shares of the company’s stock, valued at approximately $10,158,569.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,191 shares of company stock valued at $4,102,110. 0.73% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the business. Capital Analysts LLC grew its position in JPMorgan Chase & Co. by 1.5% in the 2nd quarter. Capital Analysts LLC now owns 33,159 shares of the financial services provider’s stock valued at $3,455,000 after buying an additional 488 shares during the last quarter. Autus Asset Management LLC raised its stake in shares of JPMorgan Chase & Co. by 6.6% during the 2nd quarter. Autus Asset Management LLC now owns 53,607 shares of the financial services provider’s stock worth $5,586,000 after buying an additional 3,325 shares during the last quarter. Icon Advisers Inc. Co. raised its stake in shares of JPMorgan Chase & Co. by 0.7% during the 2nd quarter. Icon Advisers Inc. Co. now owns 241,450 shares of the financial services provider’s stock worth $25,159,000 after buying an additional 1,755 shares during the last quarter. Hayek Kallen Investment Management raised its stake in shares of JPMorgan Chase & Co. by 74.6% during the 2nd quarter. Hayek Kallen Investment Management now owns 7,254 shares of the financial services provider’s stock worth $756,000 after buying an additional 3,099 shares during the last quarter. Finally, Weik Capital Management raised its stake in shares of JPMorgan Chase & Co. by 73.3% during the 2nd quarter. Weik Capital Management now owns 15,099 shares of the financial services provider’s stock worth $1,573,000 after buying an additional 6,385 shares during the last quarter. 69.08% of the stock is owned by institutional investors.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

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Earnings History and Estimates for JPMorgan Chase & Co. (NYSE:JPM)

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