Pinnacle Financial Partners (PNFP) Scheduled to Post Quarterly Earnings on Tuesday
Pinnacle Financial Partners (NASDAQ:PNFP) is set to announce its Q313 earnings results on Tuesday, October 15th. Analysts expect the company to announce earnings of $0.42 per share and revenue of $57.00 million for the quarter.
Pinnacle Financial Partners (NASDAQ:PNFP) last announced its earnings results on Tuesday, July 16th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.03. The company had revenue of $55.00 million for the quarter, compared to the consensus estimate of $4.61 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, analysts expect Pinnacle Financial Partners to post $1.65 EPS for the current fiscal year and $1.85 EPS for the next fiscal year.
Pinnacle Financial Partners (NASDAQ:PNFP) opened at 31.85 on Monday. Pinnacle Financial Partners has a 52 week low of $18.05 and a 52 week high of $31.93. The stock has a 50-day moving average of $29.40 and a 200-day moving average of $26.77. The company has a market cap of $1.094 billion and a price-to-earnings ratio of 20.95.
A number of analysts have recently weighed in on PNFP shares. Analysts at Zacks downgraded shares of Pinnacle Financial Partners from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 17th. They now have a $31.60 price target on the stock. On the ratings front, analysts at Wunderlich upgraded shares of Pinnacle Financial Partners from a “hold” rating to a “buy” rating in a research note to investors on Monday, August 26th. They now have a $34.00 price target on the stock, up previously from $31.00. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Pinnacle Financial Partners currently has an average rating of “Buy” and a consensus target price of $28.85.
Pinnacle Financial Partners, Inc (NASDAQ:PNFP) is a bank holding company.
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