First Republic Bank (FRC) Scheduled to Post Quarterly Earnings on Wednesday
First Republic Bank (NYSE:FRC) will be announcing its Q114 earnings results on Wednesday, April 16th. Analysts expect the company to announce earnings of $0.72 per share and revenue of $395.92 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
First Republic Bank (NYSE:FRC) last announced its earnings results on Thursday, January 16th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by $0.09. The company had revenue of $371.00 million for the quarter, compared to the consensus estimate of $326.24 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts expect First Republic Bank to post $3.03 EPS for the current fiscal year and $3.44 EPS for the next fiscal year.
Shares of First Republic Bank (NYSE:FRC) opened at 52.36 on Tuesday. First Republic Bank has a 52 week low of $36.43 and a 52 week high of $56.18. The stock’s 50-day moving average is $53.32 and its 200-day moving average is $50.96. The company has a market cap of $6.954 billion and a price-to-earnings ratio of 16.92.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of First Republic Bank from $60.00 to $62.00 in a research note on Wednesday, April 9th. On a related note, analysts at Goldman Sachs downgraded shares of First Republic Bank from a “cl” rating to a “buy” rating in a research note on Thursday, April 3rd. They now have a $61.00 price target on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of First Republic Bank from $56.00 to $59.00 in a research note on Thursday, March 27th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. First Republic Bank presently has an average rating of “Hold” and an average target price of $56.07.
First Republic Bank is a full-service bank and wealth management firm. First Republic Bank and its subsidiaries provide private banking, private business banking and private wealth management, including investment, trust and brokerage services.
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