Brokerages expect Hilltop Holdings Inc. (NYSE:HTH) to announce $394.77 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Hilltop’s earnings. The highest sales estimate is $416.50 million and the lowest is $367.00 million. Hilltop posted sales of $356.23 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.8%. The business is expected to announce its next quarterly earnings results on Thursday, January 23rd.
According to Zacks, analysts expect that Hilltop will report full year sales of $1.61 billion for the current fiscal year, with estimates ranging from $1.55 billion to $1.64 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.58 billion, with estimates ranging from $1.49 billion to $1.67 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Hilltop.
Hilltop (NYSE:HTH) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.33. Hilltop had a net margin of 11.56% and a return on equity of 10.05%. The firm had revenue of $454.61 million during the quarter, compared to the consensus estimate of $406.30 million. During the same quarter in the previous year, the firm posted $0.38 EPS.
Several hedge funds have recently modified their holdings of HTH. NumerixS Investment Technologies Inc acquired a new position in Hilltop during the 2nd quarter worth approximately $26,000. Public Employees Retirement System of Ohio grew its stake in shares of Hilltop by 87.0% during the second quarter. Public Employees Retirement System of Ohio now owns 1,404 shares of the financial services provider’s stock worth $30,000 after buying an additional 653 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Hilltop during the second quarter worth $40,000. Point72 Hong Kong Ltd acquired a new stake in shares of Hilltop during the 2nd quarter valued at $54,000. Finally, Garrett Wealth Advisory Group LLC bought a new stake in Hilltop during the 3rd quarter worth $86,000. 63.25% of the stock is currently owned by hedge funds and other institutional investors.
NYSE HTH opened at $24.55 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.83 and a debt-to-equity ratio of 0.03. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 19.18 and a beta of 0.85. The company has a 50 day moving average of $24.28 and a 200-day moving average of $22.74. Hilltop has a 1-year low of $16.43 and a 1-year high of $25.61.
The company also recently disclosed a dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, November 14th. Hilltop’s dividend payout ratio is currently 25.00%.
Hilltop Company Profile
Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.
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