Northern Trust Corp. (NTRS) to Release Quarterly Earnings on Wednesday
Northern Trust Corp. (NASDAQ:NTRS) will issue its Q313 quarterly earnings data on Wednesday, October 16th. Analysts expect the company to announce earnings of $0.79 per share and revenue of $1.03 billion for the quarter.
Northern Trust Corp. (NASDAQ:NTRS) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $0.78 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.82 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company posted $0.74 earnings per share. Northern Trust Corp.’s revenue was up 3.2% compared to the same quarter last year. On average, analysts expect Northern Trust Corp. to post $3.07 EPS for the current fiscal year and $3.47 EPS for the next fiscal year.
Northern Trust Corp. (NASDAQ:NTRS) opened at 55.25 on Tuesday. Northern Trust Corp. has a 1-year low of $45.98 and a 1-year high of $62.02. The stock’s 50-day moving average is $54.91 and its 200-day moving average is $56.44. The company has a market cap of $13.268 billion and a P/E ratio of 19.09.
A number of research firms have recently commented on NTRS. Analysts at ISI Group initiated coverage on shares of Northern Trust Corp. in a research note to investors on Tuesday, October 8th. They set a “neutral” rating on the stock. On the ratings front, analysts at Sandler O’Neill cut their price target on shares of Northern Trust Corp. from $62.00 to $57.00 in a research note to investors on Thursday, October 3rd. They now have a “hold” rating on the stock. Finally, analysts at Raymond James cut their price target on shares of Northern Trust Corp. from $62.00 to $61.00 in a research note to investors on Thursday, October 3rd. They now have an “outperform” rating on the stock. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Northern Trust Corp. has an average rating of “Hold” and a consensus target price of $57.00.
Northern Trust Corporation (NASDAQ:NTRS) is a financial holding company that is a provider of asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals worldwide.
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