Susquehanna (SUSQ) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Susquehanna (NASDAQ:SUSQ) posted its quarterly earnings results on Wednesday. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.01, American Banking News.com reports. During the same quarter in the previous year, the company posted $0.20 earnings per share.
A number of research firms have recently commented on SUSQ. Analysts at Jefferies Group raised their price target on shares of Susquehanna from $12.50 to $13.00 in a research note to investors on Friday, July 26th. They now have a “hold” rating on the stock. On a related note, analysts at Guggenheim raised their price target on shares of Susquehanna from $14.00 to $15.50 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Finally, analysts at Macquarie downgraded shares of Susquehanna from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, July 26th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $13.43.
Susquehanna (NASDAQ:SUSQ) traded up 0.38% on Wednesday, hitting $13.32. The stock had a trading volume of 1,045,999 shares. Susquehanna has a 52-week low of $9.19 and a 52-week high of $14.35. The stock’s 50-day moving average is $13.12 and its 200-day moving average is $12.49. The company has a market cap of $2.493 billion and a price-to-earnings ratio of 14.78.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, November 20th. Investors of record on Wednesday, October 30th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Monday, October 28th.
Susquehanna Bancshares, Inc (NASDAQ:SUSQ) is a financial holding company that provides a range of retail and commercial banking and financial services, through its subsidiaries in the mid-Atlantic region.
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