SunTrust (STI) Set to Announce Earnings on Friday
SunTrust (NYSE:STI) is scheduled to be releasing its earnings data on Friday, January 17th. Parties that are interested in registering for the company’s conference call can do so using this link.
SunTrust (NYSE:STI) last released its earnings data on Friday, October 18th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by $0.03. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the company posted $1.98 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts expect SunTrust to post $2.36 EPS for the current fiscal year and $2.95 EPS for the next fiscal year.
SunTrust (NYSE:STI) opened at 38.44 on Thursday. SunTrust has a 52-week low of $26.93 and a 52-week high of $38.58. The stock’s 50-day moving average is $36.37 and its 200-day moving average is $34.57. The company has a market cap of $20.520 billion and a P/E ratio of 16.67.
A number of analysts have recently weighed in on STI shares. Analysts at Goldman Sachs Group Inc. upgraded shares of SunTrust from a “buy” rating to a “conviction-buy” rating in a research note to investors on Friday, January 10th. On the ratings front, analysts at Merrill Lynch upgraded shares of SunTrust to a “neutral” rating in a research note to investors on Thursday, January 9th. Finally, analysts at Bank of America Corp. upgraded shares of SunTrust from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, January 9th. They now have a $38.00 price target on the stock, up previously from $32.00. Sixteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $37.05.
SunTrust Banks, Inc (NYSE:STI) is a commercial banking organization.
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