$2.73 EPS Expected for PNC Financial Services Group Inc (PNC) This Quarter
Equities research analysts expect PNC Financial Services Group Inc (NYSE:PNC) to announce earnings of $2.73 per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for PNC Financial Services Group’s earnings, with the highest EPS estimate coming in at $2.77 and the lowest estimate coming in at $2.68. PNC Financial Services Group reported earnings of $2.16 per share during the same quarter last year, which indicates a positive year over year growth rate of 26.4%. The company is scheduled to announce its next earnings report on Friday, October 12th.
On average, analysts expect that PNC Financial Services Group will report full year earnings of $10.72 per share for the current year, with EPS estimates ranging from $10.52 to $10.82. For the next year, analysts anticipate that the business will post earnings of $11.63 per share, with EPS estimates ranging from $11.32 to $11.95. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow PNC Financial Services Group.
Separately, Bank of America lifted their price target on shares of PNC Financial Services Group from $166.00 to $168.00 and gave the company a “buy” rating in a report on Friday, May 4th. Seventeen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $150.87.
Several large investors have recently modified their holdings of PNC. Stelac Advisory Services LLC acquired a new stake in shares of PNC Financial Services Group during the 1st quarter worth approximately $102,000. Braun Bostich & Associates Inc. acquired a new stake in shares of PNC Financial Services Group during the 1st quarter worth approximately $105,000. Moneta Group Investment Advisors LLC acquired a new stake in shares of PNC Financial Services Group during the 2nd quarter worth approximately $143,000. Landaas & Co. WI ADV acquired a new stake in shares of PNC Financial Services Group during the 2nd quarter worth approximately $147,000. Finally, Archford Capital Strategies LLC grew its position in shares of PNC Financial Services Group by 197.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,090 shares of the financial services provider’s stock worth $147,000 after buying an additional 723 shares during the period. Institutional investors own 81.85% of the company’s stock.
PNC stock traded up $0.09 during trading on Monday, hitting $144.55. 992,904 shares of the stock traded hands, compared to its average volume of 2,258,588. PNC Financial Services Group has a one year low of $119.77 and a one year high of $163.59. The company has a market capitalization of $66.65 billion, a P/E ratio of 17.01, a P/E/G ratio of 1.30 and a beta of 0.94. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.16.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 6th. Shareholders of record on Tuesday, July 17th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Monday, July 16th. This is a boost from PNC Financial Services Group’s previous quarterly dividend of $0.75. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 44.71%.
PNC Financial Services Group Company Profile
The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.
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