PNC Financial Services Group (PNC) to Release Quarterly Earnings on Wednesday
PNC Financial Services Group (NYSE:PNC) is set to issue its Q214 quarterly earnings data on Wednesday, July 16th. Analysts expect the company to announce earnings of $1.78 per share and revenue of $3.81 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
PNC Financial Services Group (NYSE:PNC) last released its earnings data on Wednesday, April 16th. The company reported $1.82 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.66 by $0.16. The company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the prior year, the company posted $1.76 earnings per share. The company’s quarterly revenue was down 4.5% on a year-over-year basis. On average, analysts expect PNC Financial Services Group to post $7.19 EPS for the current fiscal year and $7.60 EPS for the next fiscal year.
PNC Financial Services Group (NYSE:PNC) opened at 87.12 on Tuesday. PNC Financial Services Group has a 52-week low of $70.63 and a 52-week high of $90.00. The stock has a 50-day moving average of $87.70 and a 200-day moving average of $83.73. The company has a market cap of $46.533 billion and a price-to-earnings ratio of 11.68.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, August 5th. Investors of record on Tuesday, July 15th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Friday, July 11th.
PNC has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of PNC Financial Services Group in a research note on Tuesday, July 8th. They now have a $100.00 price target on the stock, up previously from $94.00. On a related note, analysts at FBR Capital Markets raised their price target on shares of PNC Financial Services Group from $90.00 to $100.00 in a research note on Monday, July 7th. They now have an “outperform” rating on the stock. Finally, analysts at Sterne Agee initiated coverage on shares of PNC Financial Services Group in a research note on Friday, May 30th. They set a “buy” rating and a $100.00 price target on the stock. Ten 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. The company presently has an average rating of “Buy” and an average target price of $91.11.
The PNC Financial Services Group, Inc (NYSE:PNC) is a financial service company.
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