Wall Street analysts forecast that Wells Fargo & Co (NYSE:WFC) will announce $21.74 billion in sales for the current quarter, according to Zacks. Four analysts have made estimates for Wells Fargo & Co’s earnings. The highest sales estimate is $22.54 billion and the lowest is $21.31 billion. Wells Fargo & Co posted sales of $22.00 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 1.2%. The business is scheduled to issue its next quarterly earnings report on Thursday, April 12th.

On average, analysts expect that Wells Fargo & Co will report full-year sales of $21.74 billion for the current fiscal year, with estimates ranging from $87.21 billion to $91.07 billion. For the next financial year, analysts anticipate that the company will report sales of $91.97 billion per share, with estimates ranging from $88.62 billion to $96.14 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Wells Fargo & Co.

Wells Fargo & Co (NYSE:WFC) last posted its earnings results on Friday, January 12th. The financial services provider reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.07). Wells Fargo & Co had a return on equity of 12.24% and a net margin of 22.57%. The business had revenue of $22.05 billion during the quarter, compared to the consensus estimate of $22.64 billion. During the same quarter last year, the firm earned $0.96 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis.

A number of research firms have recently weighed in on WFC. Royal Bank of Canada boosted their target price on shares of Wells Fargo & Co to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, January 16th. Vetr downgraded shares of Wells Fargo & Co from a “hold” rating to a “sell” rating and set a $53.07 target price on the stock. in a report on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Wells Fargo & Co in a report on Tuesday, January 16th. Instinet reiterated a “buy” rating and set a $65.00 price target (up from $64.00) on shares of Wells Fargo & Co in a report on Saturday, September 30th. Finally, Atlantic Securities upgraded shares of Wells Fargo & Co from an “underweight” rating to a “neutral” rating and set a $64.00 price target on the stock in a report on Wednesday, January 10th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $61.71.

In other Wells Fargo & Co news, VP Richard Levy sold 97,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $56.47, for a total value of $5,477,590.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael J. Loughlin sold 17,482 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $57.80, for a total transaction of $1,010,459.60. The disclosure for this sale can be found here. Insiders sold a total of 184,482 shares of company stock worth $10,471,050 over the last 90 days. Insiders own 0.22% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Stelac Advisory Services LLC purchased a new stake in shares of Wells Fargo & Co in the 2nd quarter worth approximately $104,000. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Wells Fargo & Co by 0.3% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 6 shares during the period. Clear Investment Research LLC purchased a new stake in shares of Wells Fargo & Co in the 2nd quarter worth approximately $121,000. Westside Investment Management Inc. lifted its position in shares of Wells Fargo & Co by 63.9% in the 2nd quarter. Westside Investment Management Inc. now owns 2,286 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 891 shares during the period. Finally, BKS Advisors LLC purchased a new stake in shares of Wells Fargo & Co in the 3rd quarter worth approximately $143,000. Institutional investors and hedge funds own 75.71% of the company’s stock.

Shares of Wells Fargo & Co (WFC) opened at $64.22 on Monday. Wells Fargo & Co has a fifty-two week low of $49.27 and a fifty-two week high of $64.31. The company has a quick ratio of 0.88, a current ratio of 0.90 and a debt-to-equity ratio of 1.23. The firm has a market cap of $316,470.00, a PE ratio of 15.55, a PEG ratio of 1.69 and a beta of 0.96.

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Wells Fargo & Co Company Profile

Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial.

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Earnings History and Estimates for Wells Fargo & Co (NYSE:WFC)

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