Renasant Corp. (RNST) Scheduled to Post Quarterly Earnings on Tuesday
Renasant Corp. (NASDAQ:RNST) will be issuing its Q313 quarterly earnings data on Tuesday, October 15th. Analysts expect the company to announce earnings of $0.31 per share and revenue of $60.87 million for the quarter.
Renasant Corp. (NASDAQ:RNST) last posted its quarterly earnings results on Tuesday, July 16th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.01. During the same quarter last year, the company posted $0.25 earnings per share. On average, analysts expect Renasant Corp. to post $1.31 EPS for the current fiscal year and $1.74 EPS for the next fiscal year.
Shares of Renasant Corp. (NASDAQ:RNST) opened at 28.61 on Monday. Renasant Corp. has a 52 week low of $16.53 and a 52 week high of $28.62. The stock’s 50-day moving average is $26.67 and its 200-day moving average is $24.97. The company has a market cap of $722.1 million and a price-to-earnings ratio of 23.46.
Several analysts have recently commented on the stock. Analysts at Sandler O’Neill raised their price target on shares of Renasant Corp. from $27.50 to $29.00 in a research note to investors on Thursday, September 26th. They now have a “hold” rating on the stock. On a related note, analysts at MLV Capital initiated coverage on shares of Renasant Corp. in a research note to investors on Friday, September 20th. They set a “buy” rating and a $31.00 price target on the stock. Finally, analysts at FIG Partners initiated coverage on shares of Renasant Corp. in a research note to investors on Tuesday, September 10th. They set a “market perform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Renasant Corp. presently has an average rating of “Buy” and an average target price of $27.39.
Renasant Corporation is a bank holding company. The Company owns and operates Renasant Bank (NASDAQ:RNST), a Mississippi banking association with operations in Mississippi, Tennessee, Alabama and Georgia, and Renasant Insurance, Inc, a Mississippi corporation with operations in Mississippi.
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