Brokerages Expect TCF Financial Corporation (NYSE:TCF) Will Post Quarterly Sales of $338.13 Million
Equities research analysts forecast that TCF Financial Corporation (NYSE:TCF) will post $338.13 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for TCF Financial Corporation’s earnings. The lowest sales estimate is $335.15 million and the highest is $343.80 million. TCF Financial Corporation posted sales of $330.94 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.2%. The firm is scheduled to report its next quarterly earnings results before the market opens on Monday, July 24th.
According to Zacks, analysts expect that TCF Financial Corporation will report full year sales of $338.13 million for the current financial year, with estimates ranging from $1.34 billion to $1.37 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.43 billion per share, with estimates ranging from $1.40 billion to $1.46 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover TCF Financial Corporation.
A number of equities analysts recently commented on the company. Morgan Stanley reissued an “equal weight” rating and set a $17.00 price target (up from $16.50) on shares of TCF Financial Corporation in a research note on Friday. Zacks Investment Research raised TCF Financial Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Finally, Wedbush assumed coverage on TCF Financial Corporation in a research note on Wednesday, June 28th. They set an “underperform” rating and a $14.00 price target for the company.
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TCF Financial Corporation (NYSE:TCF) opened at 16.03 on Friday. The company’s 50 day moving average price is $15.62 and its 200-day moving average price is $17.18. The stock has a market capitalization of $2.74 billion, a PE ratio of 14.06 and a beta of 1.26. TCF Financial Corporation has a one year low of $11.72 and a one year high of $20.03.
In related news, CFO Brian W. Maass acquired 3,225 shares of the stock in a transaction dated Thursday, June 8th. The stock was acquired at an average cost of $15.50 per share, with a total value of $49,987.50. Following the purchase, the chief financial officer now directly owns 60,027 shares of the company’s stock, valued at $930,418.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Barry N. Winslow sold 10,274 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $25.19, for a total value of $258,802.06. Following the completion of the sale, the director now directly owns 2,365 shares of the company’s stock, valued at $59,574.35. The disclosure for this sale can be found here. Insiders bought a total of 4,201 shares of company stock valued at $75,015 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.
TCF Financial Corporation Company Profile
TCF Financial Corporation (TCF) is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.
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