PNC Financial Services Group (NYSE:PNC) is set to announce its earnings results before the market opens on Friday, April 13th.
PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Friday, January 12th. The financial services provider reported $2.29 EPS for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.09. PNC Financial Services Group had a net margin of 29.60% and a return on equity of 9.51%. The firm had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the previous year, the business posted $1.97 EPS. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, analysts expect PNC Financial Services Group to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.
Shares of PNC stock opened at $151.54 on Wednesday. PNC Financial Services Group has a 12 month low of $115.45 and a 12 month high of $163.59. The firm has a market cap of $69,771.80, a PE ratio of 17.83, a price-to-earnings-growth ratio of 1.37 and a beta of 0.91. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 1.14.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, May 5th. Stockholders of record on Monday, April 16th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Friday, April 13th. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 35.29%.
In other PNC Financial Services Group news, insider Michael J. Hannon sold 8,011 shares of the business’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $154.20, for a total value of $1,235,296.20. Following the completion of the transaction, the insider now owns 58,820 shares of the company’s stock, valued at approximately $9,070,044. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.38% of the stock is currently owned by insiders.
A number of analysts have recently commented on PNC shares. Wells Fargo set a $149.00 target price on shares of PNC Financial Services Group and gave the company a “hold” rating in a report on Wednesday, December 20th. Keefe, Bruyette & Woods restated a “hold” rating and set a $162.00 target price on shares of PNC Financial Services Group in a report on Friday, December 22nd. Zacks Investment Research upgraded shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $164.00 target price on the stock in a report on Tuesday, December 26th. Barclays boosted their target price on shares of PNC Financial Services Group from $139.00 to $168.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Goldman Sachs cut shares of PNC Financial Services Group from a “conviction-buy” rating to a “buy” rating in a report on Thursday, January 4th. Twenty analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. PNC Financial Services Group presently has an average rating of “Hold” and an average price target of $146.89.
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About PNC Financial Services Group
The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.
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