Zacks: Analysts Anticipate Great Western Bancorp Inc (GWB) Will Post Quarterly Sales of $123.01 Million
Equities analysts forecast that Great Western Bancorp Inc (NYSE:GWB) will report sales of $123.01 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Great Western Bancorp’s earnings. The lowest sales estimate is $121.96 million and the highest is $124.27 million. Great Western Bancorp reported sales of $119.30 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.1%. The company is scheduled to announce its next earnings report before the market opens on Thursday, April 25th.
On average, analysts expect that Great Western Bancorp will report full-year sales of $496.06 million for the current year, with estimates ranging from $493.98 million to $498.00 million. For the next year, analysts forecast that the company will report sales of $515.60 million, with estimates ranging from $509.91 million to $521.50 million. Zacks’ sales averages are an average based on a survey of analysts that follow Great Western Bancorp.
Great Western Bancorp (NYSE:GWB) last announced its quarterly earnings data on Thursday, January 24th. The bank reported $0.79 EPS for the quarter, beating the consensus estimate of $0.77 by $0.02. The firm had revenue of $121.61 million for the quarter, compared to analyst estimates of $124.10 million. Great Western Bancorp had a return on equity of 9.62% and a net margin of 30.47%. During the same period in the prior year, the company earned $0.72 EPS.
Shares of Great Western Bancorp stock opened at $33.85 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $1.93 billion, a PE ratio of 11.67, a PEG ratio of 1.43 and a beta of 1.59. Great Western Bancorp has a 12 month low of $29.52 and a 12 month high of $46.03.
A number of hedge funds have recently modified their holdings of GWB. Credit Suisse AG boosted its holdings in Great Western Bancorp by 4.9% during the 3rd quarter. Credit Suisse AG now owns 38,860 shares of the bank’s stock valued at $1,639,000 after acquiring an additional 1,822 shares during the period. GSA Capital Partners LLP purchased a new stake in Great Western Bancorp during the 3rd quarter valued at about $283,000. Jane Street Group LLC purchased a new stake in Great Western Bancorp during the 3rd quarter valued at about $443,000. Paloma Partners Management Co purchased a new stake in Great Western Bancorp during the 3rd quarter valued at about $268,000. Finally, Man Group plc boosted its holdings in Great Western Bancorp by 91.5% during the 3rd quarter. Man Group plc now owns 33,759 shares of the bank’s stock valued at $1,424,000 after acquiring an additional 16,134 shares during the period.
About Great Western Bancorp
Great Western Bancorp, Inc operates as the bank holding company for Great Western Bank that provides business and agri-business banking, retail banking, and wealth management services in the United States. The company offers noninterest-bearing demand accounts, interest-bearing demand accounts, interest-bearing non-transaction accounts, time deposits, and corporate credit cards.
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