SunTrust (STI) Announces Quarterly Earnings, Misses Estimates By $0.03 EPS
SunTrust (NYSE:STI) issued its quarterly earnings data on Friday. The company reported $0.66 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.69 by $0.03, StockRatingsNetwork.com reports. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $2.13 billion.
SunTrust (NYSE:STI) opened at 34.03 on Friday. SunTrust has a 52-week low of $25.30 and a 52-week high of $36.29. The stock has a 50-day moving average of $32.90 and a 200-day moving average of $32.1. The company has a market cap of $18.212 billion and a P/E ratio of 8.65.
STI has been the subject of a number of recent research reports. Analysts at Compass Point reiterated a “buy” rating on shares of SunTrust in a research note to investors on Friday, October 11th. On a related note, analysts at ISI Group initiated coverage on shares of SunTrust in a research note to investors on Tuesday, October 8th. They set a “neutral” rating and a $35.50 price target on the stock. Finally, analysts at Guggenheim cut their price target on shares of SunTrust from $45.50 to $42.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.73.
SunTrust Banks, Inc (NYSE:STI) is a commercial banking organization.
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