Equities research analysts forecast that Trustmark Corp (NASDAQ:TRMK) will report $152.47 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Trustmark’s earnings, with the highest sales estimate coming in at $154.40 million and the lowest estimate coming in at $151.40 million. Trustmark reported sales of $157.10 million during the same quarter last year, which would suggest a negative year over year growth rate of 2.9%. The firm is scheduled to announce its next earnings report on Tuesday, July 24th.
According to Zacks, analysts expect that Trustmark will report full year sales of $613.60 million for the current fiscal year, with estimates ranging from $609.90 million to $618.80 million. For the next financial year, analysts expect that the business will post sales of $637.33 million per share, with estimates ranging from $627.50 million to $644.80 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Trustmark.
Trustmark (NASDAQ:TRMK) last released its quarterly earnings data on Tuesday, April 24th. The financial services provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.49 by $0.05. Trustmark had a return on equity of 8.67% and a net margin of 16.75%. The company had revenue of $152.10 million for the quarter, compared to analyst estimates of $148.64 million. During the same period last year, the company posted $0.46 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year.
Several analysts have recently weighed in on the company. Zacks Investment Research downgraded Trustmark from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. ValuEngine downgraded Trustmark from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Hovde Group set a $33.00 target price on Trustmark and gave the company a “hold” rating in a research note on Monday, February 5th. BidaskClub upgraded Trustmark from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Finally, SunTrust Banks lowered their target price on Trustmark to $33.00 and set an “average” rating for the company in a research note on Tuesday, January 30th. Eight research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of $34.00.
Trustmark traded down $0.24, hitting $32.40, during mid-day trading on Friday, Marketbeat Ratings reports. The company had a trading volume of 255,777 shares, compared to its average volume of 217,358. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.78 and a quick ratio of 0.77. The firm has a market capitalization of $2.21 billion, a PE ratio of 16.88 and a beta of 1.03. Trustmark has a 1 year low of $28.16 and a 1 year high of $35.09.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $0.92 annualized dividend and a dividend yield of 2.84%. Trustmark’s dividend payout ratio is presently 47.92%.
Institutional investors have recently made changes to their positions in the company. Paloma Partners Management Co acquired a new stake in shares of Trustmark during the fourth quarter valued at about $220,000. Sciencast Management LP acquired a new position in Trustmark in the fourth quarter worth about $233,000. Xact Kapitalforvaltning AB acquired a new position in Trustmark in the fourth quarter worth about $257,000. Meadow Creek Investment Management LLC grew its stake in Trustmark by 23.7% in the fourth quarter. Meadow Creek Investment Management LLC now owns 8,734 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 1,672 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new position in Trustmark in the fourth quarter worth about $292,000. Institutional investors own 63.77% of the company’s stock.
Trustmark Company Profile
Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; financing for commercial and industrial projects, income producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit.
Get a free copy of the Zacks research report on Trustmark (TRMK)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Trustmark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trustmark and related companies with MarketBeat.com's FREE daily email newsletter.