Analysts expect Webster Financial Co. (NYSE:WBS) to post $314.08 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Webster Financial’s earnings. The lowest sales estimate is $311.72 million and the highest is $316.27 million. Webster Financial posted sales of $302.66 million in the same quarter last year, which suggests a positive year-over-year growth rate of 3.8%. The business is expected to announce its next earnings report before the market opens on Tuesday, October 22nd.

On average, analysts expect that Webster Financial will report full year sales of $1.26 billion for the current year, with estimates ranging from $1.25 billion to $1.26 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.28 billion, with estimates ranging from $1.25 billion to $1.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Webster Financial.

Webster Financial (NYSE:WBS) last posted its earnings results on Thursday, July 18th. The financial services provider reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.02. Webster Financial had a net margin of 27.99% and a return on equity of 13.80%. The firm had revenue of $317.60 million for the quarter, compared to analyst estimates of $312.36 million. During the same period in the previous year, the firm posted $0.86 EPS. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year.

WBS has been the topic of a number of research reports. Wells Fargo & Co reduced their target price on shares of Webster Financial from $55.00 to $50.00 and set a “market perform” rating on the stock in a report on Wednesday, October 2nd. ValuEngine upgraded shares of Webster Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley dropped their price target on shares of Webster Financial from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Zacks Investment Research downgraded shares of Webster Financial from a “hold” rating to a “sell” rating and set a $47.00 price target on the stock. in a research report on Saturday. Finally, Boenning Scattergood restated a “neutral” rating on shares of Webster Financial in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $54.40.

In related news, EVP Daniel Bley sold 2,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $51.45, for a total transaction of $102,900.00. Following the transaction, the executive vice president now owns 18,654 shares in the company, valued at approximately $959,748.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Joseph Crawford sold 1,000 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $51.28, for a total transaction of $51,280.00. Following the transaction, the director now owns 15,099 shares in the company, valued at approximately $774,276.72. The disclosure for this sale can be found here. Insiders have sold a total of 4,000 shares of company stock worth $203,670 in the last quarter. 1.53% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its holdings in Webster Financial by 11.0% during the second quarter. Bank of New York Mellon Corp now owns 2,501,800 shares of the financial services provider’s stock worth $119,511,000 after buying an additional 248,126 shares during the last quarter. Macquarie Group Ltd. raised its holdings in Webster Financial by 2.3% during the second quarter. Macquarie Group Ltd. now owns 2,244,421 shares of the financial services provider’s stock worth $107,216,000 after buying an additional 50,601 shares during the last quarter. Wasatch Advisors Inc. raised its holdings in Webster Financial by 28.2% during the second quarter. Wasatch Advisors Inc. now owns 2,000,712 shares of the financial services provider’s stock worth $95,574,000 after buying an additional 440,471 shares during the last quarter. Pzena Investment Management LLC raised its holdings in Webster Financial by 8.6% during the second quarter. Pzena Investment Management LLC now owns 1,226,496 shares of the financial services provider’s stock worth $58,590,000 after buying an additional 97,276 shares during the last quarter. Finally, Putnam Investments LLC raised its holdings in Webster Financial by 0.7% during the second quarter. Putnam Investments LLC now owns 1,139,014 shares of the financial services provider’s stock worth $54,410,000 after buying an additional 8,206 shares during the last quarter. Hedge funds and other institutional investors own 88.48% of the company’s stock.

WBS traded up $0.67 during trading on Monday, reaching $46.92. 495,588 shares of the company’s stock were exchanged, compared to its average volume of 504,778. Webster Financial has a one year low of $42.29 and a one year high of $62.83. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $4.26 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 1.41 and a beta of 1.29. The firm has a fifty day moving average price of $46.18 and a two-hundred day moving average price of $48.19.

About Webster Financial

Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Community Banking.

Recommended Story: Book Value Per Share – BVPS

Get a free copy of the Zacks research report on Webster Financial (WBS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Webster Financial (NYSE:WBS)

Receive News & Ratings for Webster Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Webster Financial and related companies with MarketBeat.com's FREE daily email newsletter.