Bank of America (NYSE:BAC) is set to release its earnings data before the market opens on Thursday, July 16th. Analysts expect Bank of America to post earnings of $0.33 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.20). Bank of America had a net margin of 21.64% and a return on equity of 10.64%. The firm had revenue of $22.77 billion during the quarter, compared to analysts’ expectations of $22.58 billion. During the same period in the prior year, the company posted $0.70 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, analysts expect Bank of America to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Bank of America stock opened at $24.19 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.06. The company has a 50-day moving average price of $24.67 and a 200 day moving average price of $27.10. Bank of America has a 12-month low of $17.95 and a 12-month high of $35.72. The stock has a market cap of $209.86 billion, a P/E ratio of 9.91, a PEG ratio of 2.30 and a beta of 1.59.

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were paid a $0.18 dividend. The ex-dividend date was Thursday, June 4th. This represents a $0.72 annualized dividend and a dividend yield of 2.98%. Bank of America’s dividend payout ratio (DPR) is 24.49%.

Several research firms have recently commented on BAC. Societe Generale raised shares of Bank of America from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Royal Bank of Canada reduced their target price on Bank of America from $28.00 to $30.00 in a research report on Thursday, July 2nd. ValuEngine upgraded Bank of America from a “sell” rating to a “hold” rating in a report on Tuesday, July 7th. Citigroup cut their price objective on Bank of America from $30.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, March 27th. Finally, Oppenheimer upped their target price on shares of Bank of America from $30.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $29.58.

About Bank of America

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.

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Earnings History for Bank of America (NYSE:BAC)

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