Equities analysts predict that Webster Financial Co. (NYSE:WBS) will announce sales of $299.46 million for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Webster Financial’s earnings, with the lowest sales estimate coming in at $297.40 million and the highest estimate coming in at $300.96 million. Webster Financial posted sales of $266.75 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.3%. The company is expected to announce its next quarterly earnings results on Thursday, October 18th.

According to Zacks, analysts expect that Webster Financial will report full year sales of $1.18 billion for the current financial year, with estimates ranging from $1.18 billion to $1.19 billion. For the next financial year, analysts expect that the company will post sales of $1.28 billion per share, with estimates ranging from $1.26 billion to $1.31 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Webster Financial.

Webster Financial (NYSE:WBS) last announced its earnings results on Thursday, July 19th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.05. Webster Financial had a return on equity of 11.46% and a net margin of 23.85%. The business had revenue of $293.40 million for the quarter, compared to analyst estimates of $291.53 million. During the same period in the previous year, the company earned $0.64 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year.

A number of analysts have recently issued reports on the company. Wells Fargo & Co lifted their target price on Webster Financial from $63.00 to $65.00 and gave the stock a “market perform” rating in a research report on Tuesday, June 26th. Zacks Investment Research lowered Webster Financial from a “buy” rating to a “hold” rating in a research report on Friday. ValuEngine lowered Webster Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. Boenning Scattergood reaffirmed a “hold” rating on shares of Webster Financial in a research report on Thursday, July 19th. Finally, Barclays lifted their target price on Webster Financial from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Webster Financial presently has a consensus rating of “Hold” and an average target price of $63.10.

Shares of NYSE WBS opened at $61.62 on Monday. Webster Financial has a 1 year low of $50.03 and a 1 year high of $69.63. The stock has a market cap of $5.68 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 2.11 and a beta of 1.13. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 0.82.

In related news, EVP Charles L. Wilkins sold 3,000 shares of Webster Financial stock in a transaction dated Wednesday, July 25th. The stock was sold at an average price of $67.51, for a total value of $202,530.00. Following the completion of the transaction, the executive vice president now directly owns 18,579 shares in the company, valued at $1,254,268.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel Bley sold 1,469 shares of Webster Financial stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $66.36, for a total value of $97,482.84. Following the completion of the transaction, the executive vice president now owns 19,329 shares of the company’s stock, valued at $1,282,672.44. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its stake in Webster Financial by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 2,238,910 shares of the financial services provider’s stock worth $142,619,000 after purchasing an additional 102,346 shares in the last quarter. WINTON GROUP Ltd grew its stake in Webster Financial by 1,565.3% in the second quarter. WINTON GROUP Ltd now owns 111,109 shares of the financial services provider’s stock worth $7,078,000 after purchasing an additional 104,437 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in Webster Financial in the second quarter worth about $201,000. Qube Research & Technologies Ltd acquired a new position in Webster Financial in the second quarter worth about $169,000. Finally, Putnam Investments LLC grew its stake in Webster Financial by 17.4% in the second quarter. Putnam Investments LLC now owns 1,116,161 shares of the financial services provider’s stock worth $71,099,000 after purchasing an additional 165,678 shares in the last quarter. Institutional investors and hedge funds own 92.27% of the company’s stock.

Webster Financial Company Profile

Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the United States. It operates through four segments: Commercial Banking, Community Banking, HSA Bank, and Private Banking.

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Earnings History and Estimates for Webster Financial (NYSE:WBS)

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