Trustmark (TRMK) to Release Earnings on Tuesday
Trustmark (NASDAQ:TRMK) is scheduled to release its earnings data after the market closes on Tuesday, October 23rd. Analysts expect Trustmark to post earnings of $0.58 per share for the quarter.
Trustmark (NASDAQ:TRMK) last announced its earnings results on Tuesday, July 24th. The financial services provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. The business had revenue of $155.76 million during the quarter, compared to the consensus estimate of $151.50 million. Trustmark had a net margin of 19.01% and a return on equity of 9.13%. During the same quarter in the previous year, the firm posted $0.47 EPS. On average, analysts expect Trustmark to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of TRMK stock opened at $31.47 on Friday. The stock has a market cap of $2.17 billion, a P/E ratio of 16.39 and a beta of 0.97. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.04. Trustmark has a 52 week low of $29.78 and a 52 week high of $36.32.
Several brokerages recently commented on TRMK. BidaskClub downgraded shares of Trustmark from a “buy” rating to a “hold” rating in a report on Saturday, August 25th. Sandler O’Neill reaffirmed a “hold” rating and set a $35.00 target price on shares of Trustmark in a report on Thursday, July 26th. Hovde Group set a $35.00 target price on shares of Trustmark and gave the stock a “hold” rating in a report on Saturday, July 28th. Finally, Zacks Investment Research cut shares of Trustmark from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Trustmark has an average rating of “Hold” and an average target price of $34.67.
Trustmark Company Profile
Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; financing for commercial and industrial projects, income producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit.
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