PNC Financial Services Group Inc Expected to Post Q4 2019 Earnings of $3.07 Per Share (PNC)

PNC Financial Services Group Inc (NYSE:PNC) – Investment analysts at Piper Jaffray raised their Q4 2019 EPS estimates for PNC Financial Services Group in a report released on Sunday, April 15th. Piper Jaffray analyst K. Barker now expects that the financial services provider will earn $3.07 per share for the quarter, up from their prior estimate of $3.00.

How to Become a New Pot Stock Millionaire

PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Friday, April 13th. The financial services provider reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.01. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.14 billion. PNC Financial Services Group had a net margin of 29.85% and a return on equity of 9.83%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.96 EPS.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo set a $157.00 target price on shares of PNC Financial Services Group and gave the stock a “hold” rating in a research report on Tuesday, January 16th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $162.00 price objective on shares of PNC Financial Services Group in a research report on Friday, December 29th. Morgan Stanley boosted their price objective on shares of PNC Financial Services Group from $165.00 to $168.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. BMO Capital Markets restated a “buy” rating on shares of PNC Financial Services Group in a research report on Thursday, January 25th. Finally, ValuEngine cut shares of PNC Financial Services Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Nineteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. PNC Financial Services Group has an average rating of “Hold” and a consensus price target of $149.26.

Shares of NYSE:PNC opened at $144.26 on Wednesday. The firm has a market capitalization of $66,428.23, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 1.33 and a beta of 0.91. PNC Financial Services Group has a 52 week low of $115.66 and a 52 week high of $163.59. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.94 and a current ratio of 0.94.

The business also recently declared a quarterly dividend, which will be paid on Saturday, May 5th. Investors of record on Monday, April 16th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, April 13th. PNC Financial Services Group’s dividend payout ratio is currently 35.29%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Truewealth LLC purchased a new position in shares of PNC Financial Services Group during the fourth quarter valued at about $107,000. Crewe Advisors LLC purchased a new position in shares of PNC Financial Services Group during the fourth quarter valued at about $134,000. Resources Investment Advisors Inc. increased its position in shares of PNC Financial Services Group by 130.7% during the fourth quarter. Resources Investment Advisors Inc. now owns 1,059 shares of the financial services provider’s stock valued at $153,000 after buying an additional 600 shares during the period. Signature Estate & Investment Advisors LLC purchased a new position in shares of PNC Financial Services Group during the fourth quarter valued at about $157,000. Finally, Avestar Capital LLC bought a new stake in PNC Financial Services Group during the fourth quarter worth about $177,000. Institutional investors own 82.26% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “PNC Financial Services Group Inc Expected to Post Q4 2019 Earnings of $3.07 Per Share (PNC)” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/20/pnc-financial-services-group-inc-expected-to-post-q4-2019-earnings-of-3-07-per-share-pnc.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 and Estimates 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