SunTrust Banks (NYSE:STI) will release its earnings data before the market opens on Thursday, April 19th.
SunTrust Banks (NYSE:STI) last issued its quarterly earnings results on Friday, January 19th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.04. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.32 billion. SunTrust Banks had a return on equity of 9.18% and a net margin of 23.35%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.90 earnings per share. On average, analysts expect SunTrust Banks to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of STI stock opened at $67.45 on Tuesday. The firm has a market cap of $31,554.07, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.92 and a current ratio of 0.93. SunTrust Banks has a 12-month low of $51.96 and a 12-month high of $73.37.
In other news, insider Susan S. Johnson sold 3,600 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $71.04, for a total transaction of $255,744.00. Following the sale, the insider now directly owns 8,857 shares of the company’s stock, valued at $629,201.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jerome T. Lienhard sold 29,248 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $17.37, for a total transaction of $508,037.76. The disclosure for this sale can be found here. Insiders have sold 40,348 shares of company stock worth $1,289,757 over the last three months. Corporate insiders own 0.52% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Susquehanna Bancshares set a $75.00 price target on SunTrust Banks and gave the stock a “hold” rating in a research report on Tuesday, April 10th. ValuEngine downgraded SunTrust Banks from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $75.00 price target on shares of SunTrust Banks in a research report on Thursday, April 5th. Morgan Stanley upped their price target on SunTrust Banks from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research downgraded SunTrust Banks from a “buy” rating to a “hold” rating in a research report on Monday, March 26th. Eighteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $69.76.
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About SunTrust Banks
SunTrust Banks, Inc operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, and institutions in the United States. It operates through two segments, Consumer and Wholesale. The Consumer segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; professional investment advisory products and services; and trust services, as well as family office solutions.
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