Fifth Third Bancorp (NASDAQ:FITB) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.02. Fifth Third Bancorp had a net margin of 27.32% and a return on equity of 12.34%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the firm posted $0.48 EPS. On average, analysts expect Fifth Third Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NASDAQ:FITB opened at $27.13 on Tuesday. Fifth Third Bancorp has a twelve month low of $22.12 and a twelve month high of $34.67. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $17.49 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 1.25 and a beta of 1.32.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.88 annualized dividend and a dividend yield of 3.24%. Fifth Third Bancorp’s dividend payout ratio (DPR) is 34.65%.

FITB has been the subject of several research reports. ValuEngine upgraded shares of Fifth Third Bancorp from a “strong sell” rating to a “sell” rating in a research report on Monday, April 1st. BidaskClub upgraded shares of Fifth Third Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. Bank of America set a $29.00 price objective on shares of Fifth Third Bancorp and gave the company a “hold” rating in a research report on Wednesday, January 23rd. Raymond James set a $30.00 price objective on shares of Fifth Third Bancorp and gave the company a “buy” rating in a research report on Wednesday, January 23rd. Finally, Vining Sparks restated a “buy” rating and set a $36.00 price objective on shares of Fifth Third Bancorp in a research report on Tuesday, January 22nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $31.31.

In other news, EVP Frank R. Forrest sold 26,000 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $26.37, for a total value of $685,620.00. Following the completion of the sale, the executive vice president now directly owns 62,974 shares of the company’s stock, valued at $1,660,624.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by corporate insiders.

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Fifth Third Bancorp Company Profile

Fifth Third Bancorp operates as a diversified financial services company in the United States. The company's Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers.

Further Reading: Strangles

Earnings History for Fifth Third Bancorp (NASDAQ:FITB)

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