Equity research analysts predict that the PNC Financial Services Group, Inc. (NYSE: PNC) will post earnings per share (EPS) of $ 2.40 for the current fiscal quarter, Zacks Investment Research reports. Three analysts provided earnings estimates for The PNC Financial Services Group. The lowest EPS estimate is $ 0.76 and the highest is $ 3.44. PNC Financial Services Group posted earnings of ($ 1.90) per share in the same quarter last year, indicating a positive year-over-year growth rate of 226.3%. The company is expected to release its next quarterly earnings report on Wednesday, July 21.
On average, analysts expect PNC Financial Services Group to report annual profit of $ 12.69 per share for the current year, with EPS estimates ranging from $ 9.79 to $ 15.57. . For next year, analysts predict the company will report earnings of $ 13.58 per share, with EPS estimates ranging from $ 12.15 to $ 15.92. Zacks’ earnings per share calculations are an average based on a survey of analysts who cover PNC Financial Services Group.
PNC Financial Services Group (NYSE: PNC) last reported its results on Thursday, April 15. The financial services provider reported earnings of $ 4.10 per share for the quarter, beating the Thomson Reuters consensus estimate of $ 2.75 by $ 1.35. The company posted revenue of $ 4.22 billion in the quarter, compared to a consensus estimate of $ 4.10 billion. PNC Financial Services Group recorded a return on equity of 7.54% and a net margin of 47.97%. The company’s quarterly revenue was down 6.6% year-on-year. During the same period of the previous year, the company earned $ 1.95 per share.
A number of equity research analysts have recently commented on PNC stocks. Evercore ISI began covering the shares of the PNC Financial Services group in a report on Wednesday. They issued an “outperformance” rating for the company. Raymond James upgraded The PNC Financial Services Group from a “market performance” rating to an “outperformance” rating and set a price target of $ 220.00 for the company in a research note on Monday 10 may. Credit Suisse Group raised its price target on PNC Financial Services Group shares from $ 170.00 to $ 178.00 and gave the company a “neutral” rating in a research report on Monday, April 19. Jefferies Financial Group raised its price target for the PNC Financial Services Group stock from $ 169.00 to $ 183.00 and assigned the stock a “conservation” rating in a research note on Friday, April 9. Finally, Deutsche Bank Aktiengesellschaft raised its price target on The PNC Financial Services Group from $ 157.00 to $ 190.00 and assigned the company a “conservation” rating in a report released on Thursday April 1. Two analysts rated the stock with a sell rating, eleven issued a conservation rating and eleven assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $ 179.30.
Hedge funds and other institutional investors recently changed their positions in the stock. Scott & Selber Inc. increased its position in The PNC Financial Services Group by 0.7% in the first quarter. Scott & Selber Inc. now owns 7,482 shares of the financial services provider valued at $ 1,312,000 after purchasing 52 additional shares during the period. Avestar Capital LLC increased its stake in The PNC Financial Services Group shares by 3.0% during the first quarter. Avestar Capital LLC now owns 1,807 shares of the financial services provider valued at $ 335,000 after acquiring 53 additional shares in the last quarter. Avidian Wealth Solutions LLC increased its stake in The PNC Financial Services Group shares by 2.2% during the first quarter. Avidian Wealth Solutions LLC now owns 2,424 shares of the financial services provider valued at $ 425,000 after acquiring 53 additional shares during the period. Interchange Capital Partners LLC strengthened its position in shares of The PNC Financial Services Group by 2.2% in the first quarter. Interchange Capital Partners LLC now owns 2,466 shares of the financial services provider valued at $ 560,000 after acquiring 54 additional shares in the last quarter. Finally, Cooper Financial Group increased its position in The PNC Financial Services Group by 3.1% during the first quarter. Cooper Financial Group now owns 1,891 shares of the financial services provider valued at $ 332,000 after purchasing 57 additional shares in the last quarter. Hedge funds and other institutional investors hold 81.56% of the company’s shares.
PNC stock traded down $ 0.40 on Wednesday to hit $ 195.42. The company’s shares had a trading volume of 1,065,670 shares, compared to its average volume of 1,907,641. The stock has a market capitalization of $ 83.03 billion, a PE ratio of 10.20, a price / earnings-growth ratio of 2.24 and a beta of 1.41. The company’s 50-day simple moving average is $ 184.95. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt ratio of 0.61. The PNC Financial Services Group has a one-year minimum of $ 97.09 and a one-year maximum of $ 203.88.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 5. Shareholders of record on Friday April 16 received a dividend of $ 1.15. This represents a dividend of $ 4.60 on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday April 15. PNC Financial Services Group’s dividend payout ratio is currently 72.33%.
PNC Financial Services Group profile
The PNC Financial Services Group, Inc. is a diversified financial services company in the United States. It operates through three segments: retail banking, corporate and institutional banking and asset management group. The Retail Banking segment offers brokerage, insurance, investment and cash management services; checking, savings and money market accounts; certificates of deposits; and loan products, which include residential mortgages, home equity loans and lines of credit, auto loans, education loans and personal and small business loans, and consumer credit cards and to small businesses through a network of branches, ATMs, and online and mobile banking channels.
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