First Commonwealth Financial (NYSE:FCF) Expected to Post Earnings of $0.27 Per Share
Brokerages expect First Commonwealth Financial (NYSE:FCF) to announce $0.27 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for First Commonwealth Financial’s earnings. The lowest EPS estimate is $0.27 and the highest is $0.28. First Commonwealth Financial reported earnings per share of $0.33 in the same quarter last year, which suggests a negative year over year growth rate of 18.2%. The company is expected to report its next quarterly earnings report after the market closes on Tuesday, July 23rd.
According to Zacks, analysts expect that First Commonwealth Financial will report full year earnings of $1.09 per share for the current fiscal year, with EPS estimates ranging from $1.05 to $1.11. For the next year, analysts forecast that the company will report earnings of $1.15 per share, with EPS estimates ranging from $1.08 to $1.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover First Commonwealth Financial.
First Commonwealth Financial (NYSE:FCF) last posted its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.01). The company had revenue of $84.80 million during the quarter, compared to the consensus estimate of $84.91 million. First Commonwealth Financial had a net margin of 27.84% and a return on equity of 11.25%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 earnings per share.
FCF stock traded down $0.18 during mid-day trading on Wednesday, reaching $12.97. The company had a trading volume of 2,008 shares, compared to its average volume of 320,087. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.89 and a quick ratio of 0.89. The stock’s 50 day moving average is $13.03. The company has a market capitalization of $1.30 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. First Commonwealth Financial has a 52 week low of $11.33 and a 52 week high of $17.91.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NEXT Financial Group Inc bought a new position in shares of First Commonwealth Financial in the second quarter valued at approximately $197,000. Marshall Wace LLP bought a new position in shares of First Commonwealth Financial in the first quarter valued at approximately $1,479,000. Jennison Associates LLC bought a new position in shares of First Commonwealth Financial in the first quarter valued at approximately $671,000. NumerixS Investment Technologies Inc grew its holdings in shares of First Commonwealth Financial by 2,233.3% in the first quarter. NumerixS Investment Technologies Inc now owns 7,000 shares of the bank’s stock valued at $88,000 after acquiring an additional 6,700 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of First Commonwealth Financial by 0.4% in the first quarter. Parametric Portfolio Associates LLC now owns 1,116,064 shares of the bank’s stock valued at $14,062,000 after acquiring an additional 4,994 shares in the last quarter. 66.57% of the stock is owned by institutional investors.
About First Commonwealth Financial
First Commonwealth Financial Corporation, through its subsidiaries, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (ATM) services, as well as Internet, mobile, and telephone banking services.
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