FirstMerit Corp. (FMER) to Release Earnings on Tuesday
FirstMerit Corp. (NASDAQ:FMER) will be posting its Q313 quarterly earnings results on Tuesday, October 22nd. Analysts expect FirstMerit Corp. to post earnings of $0.34 per share and revenue of $273.80 million for the quarter.
FirstMerit Corp. (NASDAQ:FMER) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.02. During the same quarter in the previous year, the company posted $0.28 earnings per share. On average, analysts expect FirstMerit Corp. to post $1.26 EPS for the current fiscal year and $1.56 EPS for the next fiscal year.
Shares of FirstMerit Corp. (NASDAQ:FMER) opened at 23.36 on Monday. FirstMerit Corp. has a one year low of $12.95 and a one year high of $23.50. The stock’s 50-day moving average is $21.63 and its 200-day moving average is $20.0. The company has a market cap of $3.855 billion and a price-to-earnings ratio of 18.31.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of FirstMerit Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 23rd. They now have a $24.50 price target on the stock. On a related note, analysts at Miller Tabak downgraded shares of FirstMerit Corp. from a “strong-buy” rating to a “buy” rating in a research note to investors on Thursday, August 8th. Finally, analysts at Barclays raised their price target on shares of FirstMerit Corp. from $22.00 to $25.00 in a research note to investors on Thursday, July 25th. They now have an “overweight” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. FirstMerit Corp. has a consensus rating of “Buy” and an average price target of $22.00.
FirstMerit Corporation (NASDAQ:FMER) is a bank holding company.