PNC Financial Services Group (PNC) Set to Announce Quarterly Earnings on Friday

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.

How to Become a New Pot Stock Millionaire

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.

TRADEMARK VIOLATION WARNING: This news story was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/04/11/pnc-financial-services-group-pnc-set-to-announce-quarterly-earnings-on-friday.html.

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.

Earnings History for PNC Financial Services Group (NYSE:PNC)

Receive News & Ratings for PNC Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNC Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply