Hancock Whitney Corp (HWC) Expected to Announce Quarterly Sales of $292.73 Million
Equities analysts expect Hancock Whitney Corp (NYSE:HWC) to post $292.73 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Hancock Whitney’s earnings, with the highest sales estimate coming in at $293.60 million and the lowest estimate coming in at $291.50 million. Hancock Whitney reported sales of $269.97 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.4%. The firm is scheduled to announce its next earnings report after the market closes on Tuesday, October 16th.
According to Zacks, analysts expect that Hancock Whitney will report full year sales of $1.14 billion for the current year, with estimates ranging from $1.14 billion to $1.15 billion. For the next financial year, analysts expect that the firm will post sales of $1.22 billion, with estimates ranging from $1.22 billion to $1.24 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Hancock Whitney.
Hancock Whitney (NYSE:HWC) last issued its quarterly earnings results on Tuesday, July 17th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.02. The firm had revenue of $280.38 million for the quarter, compared to analyst estimates of $276.76 million. During the same period last year, the company earned $0.68 EPS.
In related news, CEO John M. Hairston sold 15,941 shares of the company’s stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $50.18, for a total value of $799,919.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph S. Exnicios sold 7,925 shares of the company’s stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $51.75, for a total value of $410,118.75. The disclosure for this sale can be found here. Insiders sold 24,452 shares of company stock valued at $1,240,246 in the last quarter.
Several institutional investors have recently made changes to their positions in HWC. Nisa Investment Advisors LLC bought a new stake in shares of Hancock Whitney in the second quarter worth about $127,000. Cerebellum GP LLC bought a new stake in shares of Hancock Whitney in the second quarter worth about $168,000. Brown Advisory Inc. bought a new stake in shares of Hancock Whitney in the first quarter worth about $221,000. Neville Rodie & Shaw Inc. bought a new stake in shares of Hancock Whitney in the second quarter worth about $226,000. Finally, LS Investment Advisors LLC bought a new stake in shares of Hancock Whitney in the second quarter worth about $227,000.
NYSE HWC opened at $44.56 on Friday. Hancock Whitney has a 12 month low of $43.46 and a 12 month high of $56.40.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Wednesday, September 5th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Tuesday, September 4th. This is an increase from Hancock Whitney’s previous quarterly dividend of $0.24.
About Hancock Whitney
Hancock Whitney Corp. is a bank holding company, which engages in the provision of financial services. It also offers trust and investment management services to retirement plans, corporations, and individuals; and brokerage services, annuity products, and life insurance, general insurance agency services, including life and title insurance, consumer financing service.
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