Zacks: Analysts Expect Regions Financial Co. (NYSE:RF) to Post $0.53 Earnings Per Share

Analysts predict that Regions Financial Co. (NYSE:RF) will announce earnings per share of $0.53 for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Regions Financial’s earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.46. Regions Financial reported earnings per share of $0.49 in the same quarter last year, which suggests a positive year over year growth rate of 8.2%. The company is scheduled to issue its next quarterly earnings results on Tuesday, October 19th.

According to Zacks, analysts expect that Regions Financial will report full year earnings of $2.43 per share for the current financial year, with EPS estimates ranging from $2.31 to $2.55. For the next fiscal year, analysts forecast that the business will report earnings of $2.05 per share, with EPS estimates ranging from $1.90 to $2.14. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Regions Financial.

Regions Financial (NYSE:RF) last issued its quarterly earnings results on Thursday, July 22nd. The bank reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.24. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.55 billion. Regions Financial had a net margin of 38.28% and a return on equity of 15.63%. During the same quarter in the previous year, the business earned ($0.25) earnings per share.

RF has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lowered shares of Regions Financial from an “outperform” rating to an “underperform” rating and set a $18.00 price target on the stock. in a report on Wednesday, July 7th. Odeon Capital Group lowered shares of Regions Financial from a “buy” rating to a “hold” rating in a report on Monday, July 19th. Stephens lowered shares of Regions Financial from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $23.00 to $22.00 in a report on Wednesday, September 8th. Citigroup initiated coverage on shares of Regions Financial in a report on Friday, July 16th. They set a “hold” rating and a $19.29 price target on the stock. Finally, Morgan Stanley reissued an “overweight” rating and set a $19.29 target price (down previously from $24.00) on shares of Regions Financial in a research note on Monday, July 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.84.

A number of institutional investors and hedge funds have recently bought and sold shares of RF. Ardevora Asset Management LLP bought a new stake in Regions Financial in the second quarter valued at $68,174,000. BlackRock Inc. increased its stake in Regions Financial by 3.6% in the second quarter. BlackRock Inc. now owns 85,706,242 shares of the bank’s stock valued at $1,729,552,000 after purchasing an additional 2,994,515 shares in the last quarter. Amundi bought a new stake in Regions Financial in the second quarter valued at $54,610,000. Jupiter Asset Management Ltd. increased its stake in Regions Financial by 381.9% in the first quarter. Jupiter Asset Management Ltd. now owns 3,251,864 shares of the bank’s stock valued at $67,184,000 after purchasing an additional 2,577,118 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Regions Financial by 44.0% in the first quarter. Ameriprise Financial Inc. now owns 7,115,179 shares of the bank’s stock valued at $147,049,000 after purchasing an additional 2,172,683 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:RF traded up $0.29 during mid-day trading on Friday, reaching $19.40. 54,163 shares of the company’s stock were exchanged, compared to its average volume of 8,030,823. The firm has a market capitalization of $18.52 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 1.15 and a beta of 1.52. The business’s fifty day moving average price is $19.76 and its 200-day moving average price is $20.78. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 0.83. Regions Financial has a twelve month low of $10.60 and a twelve month high of $23.81.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 1st. Shareholders of record on Friday, September 3rd will be paid a $0.17 dividend. This is an increase from Regions Financial’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 3.51%. The ex-dividend date is Thursday, September 2nd. Regions Financial’s payout ratio is 59.62%.

About Regions Financial

Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other financing. The firm operates through the following segments: Corporate Bank, Consumer Bank, and Wealth Management.

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Earnings History and Estimates for Regions Financial (NYSE:RF)

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