Wall Street brokerages predict that BB&T Corporation (NYSE:BBT) will post earnings per share (EPS) of $0.78 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for BB&T Corporation’s earnings, with the lowest EPS estimate coming in at $0.76 and the highest estimate coming in at $0.81. BB&T Corporation reported earnings per share of $0.76 in the same quarter last year, which suggests a positive year over year growth rate of 2.6%. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, October 19th.

On average, analysts expect that BB&T Corporation will report full year earnings of $2.84 per share for the current year, with EPS estimates ranging from $2.74 to $3.13. For the next financial year, analysts anticipate that the firm will post earnings of $3.43 per share, with EPS estimates ranging from $3.30 to $3.79. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for BB&T Corporation.

BB&T Corporation (NYSE:BBT) last announced its quarterly earnings data on Thursday, July 20th. The insurance provider reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. BB&T Corporation had a return on equity of 9.62% and a net margin of 19.57%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year.

A number of equities analysts have recently weighed in on the stock. Stephens raised shares of BB&T Corporation from an “equal weight” rating to an “overweight” rating and set a $53.00 price target on the stock in a research report on Thursday. Jefferies Group LLC reissued a “hold” rating and set a $49.00 price target on shares of BB&T Corporation in a research report on Friday, September 15th. Robert W. Baird reissued a “hold” rating and set a $45.00 price target on shares of BB&T Corporation in a research report on Friday, August 25th. BidaskClub cut shares of BB&T Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. Finally, Wells Fargo & Company assumed coverage on shares of BB&T Corporation in a research report on Wednesday, August 9th. They set a “market perform” rating and a $44.00 price target on the stock. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $47.80.

In other BB&T Corporation news, EVP William Rufus Yates sold 28,515 shares of BB&T Corporation stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $47.07, for a total value of $1,342,201.05. Following the sale, the executive vice president now directly owns 34,887 shares in the company, valued at approximately $1,642,131.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Hudson Weaver sold 8,752 shares of BB&T Corporation stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $46.91, for a total transaction of $410,556.32. The disclosure for this sale can be found here. Insiders sold a total of 55,610 shares of company stock worth $2,618,364 over the last quarter. Company insiders own 0.36% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Burgundy Asset Management Ltd. increased its stake in BB&T Corporation by 3.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 8,355,306 shares of the insurance provider’s stock valued at $379,414,000 after buying an additional 274,186 shares during the last quarter. Griffin Asset Management Inc. acquired a new stake in BB&T Corporation in the 2nd quarter valued at $4,735,000. RNC Capital Management LLC increased its stake in BB&T Corporation by 2.6% in the 2nd quarter. RNC Capital Management LLC now owns 71,466 shares of the insurance provider’s stock valued at $3,245,000 after buying an additional 1,825 shares during the last quarter. Toronto Dominion Bank increased its stake in BB&T Corporation by 17.8% in the 2nd quarter. Toronto Dominion Bank now owns 279,575 shares of the insurance provider’s stock valued at $12,693,000 after buying an additional 42,259 shares during the last quarter. Finally, Archford Capital Strategies LLC increased its stake in BB&T Corporation by 199.9% in the 2nd quarter. Archford Capital Strategies LLC now owns 2,249 shares of the insurance provider’s stock valued at $191,000 after buying an additional 1,499 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Shares of BB&T Corporation (BBT) traded up 0.15% during mid-day trading on Friday, reaching $47.69. 3,154,339 shares of the company’s stock traded hands. The firm has a market cap of $38.54 billion, a price-to-earnings ratio of 17.80 and a beta of 1.07. The company’s 50 day moving average is $45.65 and its 200-day moving average is $44.77. BB&T Corporation has a 52 week low of $37.40 and a 52 week high of $49.88.

BB&T Corporation announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 28th that allows the company to repurchase $1.88 billion in outstanding shares. This repurchase authorization allows the insurance provider to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

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BB&T Corporation Company Profile

BB&T Corporation is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company (Branch Bank), and other nonbank subsidiaries. Its segments include Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Holdings and Financial Services.

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Earnings History and Estimates for BB&T Corporation (NYSE:BBT)

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