PNC Financial Services Group (PNC) Set to Announce Quarterly Earnings on Wednesday
PNC Financial Services Group (NYSE:PNC) will be issuing its Q313 quarterly earnings data on Wednesday, October 16th. Analysts expect the company to announce earnings of $1.64 per share and revenue of $3.90 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $1.99 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.63 by $0.36. The company had revenue of $4.06 billion for the quarter, compared to the consensus estimate of $3.95 billion. During the same quarter last year, the company posted $0.98 earnings per share. PNC Financial Services Group’s revenue was up 12.2% compared to the same quarter last year. On average, analysts expect PNC Financial Services Group to post $7.00 EPS for the current fiscal year and $6.90 EPS for the next fiscal year.
PNC Financial Services Group (NYSE:PNC) opened at 72.98 on Tuesday. PNC Financial Services Group has a 52-week low of $53.36 and a 52-week high of $77.93. The stock has a 50-day moving average of $72.93 and a 200-day moving average of $71.98. The company has a market cap of $38.790 billion and a P/E ratio of 11.00.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, November 5th. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Thursday, October 10th.
A number of analysts have recently weighed in on PNC shares. Analysts at ISI Group initiated coverage on shares of PNC Financial Services Group in a research note to investors on Tuesday, October 8th. They set a “neutral” rating and a $79.00 price target on the stock. On the ratings front, analysts at BMO Capital Markets reiterated a “hold” rating on shares of PNC Financial Services Group in a research note to investors on Monday, September 30th. They now have a $78.00 price target on the stock. Finally, analysts at Guggenheim cut their price target on shares of PNC Financial Services Group from $98.00 to $90.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $78.35.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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