PNC Financial Services Group (PNC) to Release Earnings on Wednesday
PNC Financial Services Group (NYSE:PNC) will post its quarterly earnings results on Wednesday, April 16th. Investors that wish to register for the company’s conference call can do so using this link.
PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Thursday, January 16th. The company reported $1.85 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.65 by $0.20. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.84 billion. During the same quarter in the prior year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, analysts expect PNC Financial Services Group to post $7.01 EPS for the current fiscal year and $7.53 EPS for the next fiscal year.
PNC Financial Services Group (NYSE:PNC) opened at 81.59 on Tuesday. PNC Financial Services Group has a 52-week low of $63.69 and a 52-week high of $88.03. The stock has a 50-day moving average of $84.08 and a 200-day moving average of $78.61. The company has a market cap of $43.574 billion and a P/E ratio of 10.97.
The company also recently declared a quarterly dividend, which is scheduled for Monday, May 5th. Investors of record on Tuesday, April 15th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Friday, April 11th. This is an increase from PNC Financial Services Group’s previous quarterly dividend of $0.44.
PNC has been the subject of a number of recent research reports. Analysts at Guggenheim raised their price target on shares of PNC Financial Services Group from $95.00 to $100.00 in a research note on Tuesday, April 8th. They now have a “buy” rating on the stock. On a related note, analysts at BMO Capital Markets raised their price target on shares of PNC Financial Services Group from $88.00 to $89.00 in a research note on Tuesday, April 8th. Finally, analysts at UBS AG raised their price target on shares of PNC Financial Services Group from $84.00 to $88.00 in a research note on Tuesday, April 8th. They now have a “neutral” rating on the stock. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $85.82.
In other PNC Financial Services Group news, EVP Joan Gulley unloaded 2,000 shares of the stock on the open market in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $87.07, for a total value of $174,140.00. Following the completion of the sale, the executive vice president now directly owns 16,611 shares of the company’s stock, valued at approximately $1,446,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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