Zacks: Analysts Expect F.N.B. Corp (FNB) Will Announce Quarterly Sales of $311.01 Million
Analysts predict that F.N.B. Corp (NYSE:FNB) will announce $311.01 million in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for F.N.B.’s earnings. The lowest sales estimate is $307.58 million and the highest is $317.94 million. F.N.B. reported sales of $291.38 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.7%. The firm is scheduled to report its next quarterly earnings results on Thursday, October 18th.
According to Zacks, analysts expect that F.N.B. will report full year sales of $1.22 billion for the current year, with estimates ranging from $1.21 billion to $1.23 billion. For the next year, analysts forecast that the company will post sales of $1.27 billion, with estimates ranging from $1.24 billion to $1.30 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow F.N.B..
F.N.B. (NYSE:FNB) last announced its quarterly earnings data on Tuesday, July 24th. The bank reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. F.N.B. had a return on equity of 7.70% and a net margin of 19.91%. The company had revenue of $304.00 million during the quarter, compared to the consensus estimate of $305.86 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year.
In other news, Director Frank C. Mencini bought 2,000 shares of the business’s stock in a transaction on Monday, August 13th. The shares were bought at an average cost of $13.07 per share, with a total value of $26,140.00. Following the purchase, the director now directly owns 32,681 shares in the company, valued at $427,140.67. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.63% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the business. Raymond James Trust N.A. raised its stake in F.N.B. by 17.8% during the 2nd quarter. Raymond James Trust N.A. now owns 24,830 shares of the bank’s stock valued at $333,000 after purchasing an additional 3,757 shares during the period. Cetera Advisor Networks LLC raised its stake in F.N.B. by 31.1% during the 1st quarter. Cetera Advisor Networks LLC now owns 16,763 shares of the bank’s stock valued at $227,000 after purchasing an additional 3,975 shares during the period. Moors & Cabot Inc. raised its stake in F.N.B. by 28.8% during the 1st quarter. Moors & Cabot Inc. now owns 17,928 shares of the bank’s stock valued at $241,000 after purchasing an additional 4,010 shares during the period. Guggenheim Capital LLC raised its stake in F.N.B. by 1.7% during the 1st quarter. Guggenheim Capital LLC now owns 277,283 shares of the bank’s stock valued at $3,728,000 after purchasing an additional 4,693 shares during the period. Finally, Rhumbline Advisers raised its stake in F.N.B. by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 544,580 shares of the bank’s stock valued at $7,308,000 after purchasing an additional 4,752 shares during the period. 80.89% of the stock is currently owned by institutional investors.
Shares of NYSE:FNB traded down $0.05 on Friday, reaching $12.86. 2,574,300 shares of the company traded hands, compared to its average volume of 2,524,161. F.N.B. has a fifty-two week low of $12.44 and a fifty-two week high of $14.91. The company has a market capitalization of $4.27 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 1.26 and a beta of 0.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.82 and a current ratio of 0.82.
The company also recently announced a quarterly dividend, which was paid on Saturday, September 15th. Shareholders of record on Tuesday, September 4th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend was Friday, August 31st. F.N.B.’s dividend payout ratio (DPR) is currently 51.61%.
F.N.B. Company Profile
F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through four segments: Community Banking, Wealth Management, Insurance, and Consumer Finance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services.
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