Analysts predict that BB&T (NYSE:BBT) will announce $2.84 billion in sales for the current quarter, Zacks reports. Six analysts have provided estimates for BB&T’s earnings. The highest sales estimate is $2.87 billion and the lowest is $2.81 billion. BB&T posted sales of $2.78 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.2%. The business is scheduled to announce its next quarterly earnings report before the market opens on Thursday, April 19th.
According to Zacks, analysts expect that BB&T will report full-year sales of $2.84 billion for the current fiscal year, with estimates ranging from $11.47 billion to $11.73 billion. For the next fiscal year, analysts forecast that the firm will post sales of $12.03 billion per share, with estimates ranging from $11.85 billion to $12.24 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow BB&T.
BB&T (NYSE:BBT) last issued its earnings results on Thursday, January 18th. The insurance provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.86 billion. BB&T had a return on equity of 9.93% and a net margin of 19.25%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS.
Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $56.00 target price on shares of BB&T in a research report on Thursday. Zacks Investment Research lowered BB&T from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. B. Riley raised BB&T from a “neutral” rating to a “buy” rating and increased their target price for the stock from $55.00 to $59.00 in a research report on Tuesday, March 27th. Oppenheimer reaffirmed a “hold” rating on shares of BB&T in a research report on Thursday, January 18th. Finally, Sandler O’Neill set a $55.00 target price on BB&T and gave the stock a “hold” rating in a research report on Friday, January 19th. Fourteen research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. BB&T presently has a consensus rating of “Hold” and an average price target of $53.76.
Shares of BBT traded up $0.52 during trading hours on Wednesday, hitting $51.64. The stock had a trading volume of 3,956,132 shares, compared to its average volume of 4,149,160. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $39,786.26, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.17 and a beta of 1.04. BB&T has a 12-month low of $41.17 and a 12-month high of $56.31.
The firm also recently announced a None dividend, which was paid on Tuesday, March 20th. Stockholders of record on Tuesday, March 6th were paid a dividend of $0.045 per share. The ex-dividend date of this dividend was Monday, March 5th. This represents a dividend yield of 2.37%. BB&T’s dividend payout ratio is presently 42.04%.
In other news, Director K. David Jr. Boyer sold 2,500 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $55.03, for a total transaction of $137,575.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Kelly S. King sold 60,000 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $54.68, for a total value of $3,280,800.00. The disclosure for this sale can be found here. Insiders have sold 170,078 shares of company stock valued at $9,316,414 over the last 90 days. Insiders own 0.51% of the company’s stock.
Several institutional investors have recently made changes to their positions in BBT. Delpha Capital Management LLC acquired a new stake in shares of BB&T during the fourth quarter valued at about $106,000. Kistler Tiffany Companies LLC grew its stake in shares of BB&T by 102.6% during the fourth quarter. Kistler Tiffany Companies LLC now owns 2,356 shares of the insurance provider’s stock valued at $117,000 after acquiring an additional 1,193 shares in the last quarter. Shamrock Asset Management LLC acquired a new stake in shares of BB&T during the fourth quarter valued at about $123,000. Cerebellum GP LLC acquired a new stake in shares of BB&T during the fourth quarter valued at about $123,000. Finally, Front Row Advisors LLC acquired a new stake in shares of BB&T during the fourth quarter valued at about $142,000. Institutional investors own 63.77% of the company’s stock.
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BB&T Company Profile
BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.
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