Northern Trust (NTRS) Set to Announce Earnings on Wednesday

Northern Trust (NASDAQ:NTRS) will be announcing its Q3 2019 earnings results before the market opens on Wednesday, October 23rd. Analysts expect the company to announce earnings of $1.63 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, July 24th. The asset manager reported $1.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.07. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. Northern Trust had a return on equity of 15.74% and a net margin of 22.20%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $1.68 earnings per share. On average, analysts expect Northern Trust to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Shares of Northern Trust stock opened at $94.68 on Monday. The firm has a market cap of $20.15 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 1.61 and a beta of 1.20. The business has a 50-day moving average price of $92.06 and a 200-day moving average price of $91.81. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.40. Northern Trust has a twelve month low of $75.96 and a twelve month high of $101.50.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were given a dividend of $0.70 per share. This is a positive change from Northern Trust’s previous quarterly dividend of $0.60. The ex-dividend date was Thursday, September 12th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.96%. Northern Trust’s dividend payout ratio (DPR) is presently 41.60%.

In other Northern Trust news, EVP Thomas A. South sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $98.54, for a total value of $98,540.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert P. Browne sold 21,612 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $99.61, for a total transaction of $2,152,771.32. The disclosure for this sale can be found here. In the last three months, insiders sold 100,411 shares of company stock valued at $9,682,259. 1.15% of the stock is owned by insiders.

A number of research analysts have recently weighed in on NTRS shares. ValuEngine lowered Northern Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. lowered their price target on shares of Northern Trust from $101.50 to $98.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Buckingham Research lowered their price target on shares of Northern Trust from $118.00 to $112.00 and set a “buy” rating for the company in a report on Friday, October 4th. UBS Group downgraded shares of Northern Trust from a “buy” rating to a “neutral” rating in a report on Wednesday, September 25th. Finally, Citigroup downgraded shares of Northern Trust from a “neutral” rating to a “sell” rating and lowered their price target for the company from $94.00 to $85.00 in a report on Friday, July 12th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Northern Trust presently has an average rating of “Hold” and a consensus target price of $100.99.

About Northern Trust

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Corporate & Institutional Services (C&IS) and Wealth Management.

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Earnings History for Northern Trust (NASDAQ:NTRS)

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