Equities research analysts expect HomeStreet, Inc. (NASDAQ:HMST) to announce sales of $131.31 million for the current quarter, according to Zacks. Three analysts have provided estimates for HomeStreet’s earnings. The highest sales estimate is $134.78 million and the lowest is $128.20 million. HomeStreet posted sales of $158.55 million in the same quarter last year, which suggests a negative year over year growth rate of 17.2%. The business is expected to issue its next quarterly earnings results on Monday, October 23rd.

On average, analysts expect that HomeStreet will report full year sales of $131.31 million for the current financial year, with estimates ranging from $504.10 million to $513.77 million. For the next financial year, analysts anticipate that the firm will report sales of $537.93 million per share, with estimates ranging from $518.10 million to $551.38 million. Zacks’ sales averages are an average based on a survey of analysts that cover HomeStreet.

HomeStreet (NASDAQ:HMST) last announced its earnings results on Monday, July 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.18). The firm had revenue of $127.88 million during the quarter, compared to analyst estimates of $143.41 million. HomeStreet had a net margin of 8.89% and a return on equity of 8.10%. During the same period last year, the company earned $0.90 earnings per share.

A number of brokerages have commented on HMST. Zacks Investment Research downgraded HomeStreet from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $31.00 price objective on shares of HomeStreet in a research report on Friday, June 2nd. BidaskClub downgraded HomeStreet from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. FIG Partners reiterated a “market perform” rating and set a $26.25 price objective (down from $29.25) on shares of HomeStreet in a research report on Thursday, July 27th. Finally, ValuEngine downgraded HomeStreet from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. HomeStreet currently has a consensus rating of “Hold” and an average price target of $29.56.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in HMST. Teachers Advisors LLC lifted its position in HomeStreet by 23.9% in the fourth quarter. Teachers Advisors LLC now owns 50,825 shares of the financial services provider’s stock worth $1,606,000 after purchasing an additional 9,812 shares during the period. Louisiana State Employees Retirement System lifted its position in HomeStreet by 9.6% in the first quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 900 shares during the period. Great West Life Assurance Co. Can lifted its position in HomeStreet by 11.0% in the first quarter. Great West Life Assurance Co. Can now owns 34,091 shares of the financial services provider’s stock worth $951,000 after purchasing an additional 3,391 shares during the period. LSV Asset Management lifted its position in HomeStreet by 3.8% in the first quarter. LSV Asset Management now owns 157,267 shares of the financial services provider’s stock worth $4,395,000 after purchasing an additional 5,700 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its position in HomeStreet by 15.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 57,125 shares of the financial services provider’s stock worth $1,597,000 after purchasing an additional 7,828 shares during the period. Hedge funds and other institutional investors own 83.91% of the company’s stock.

Shares of HomeStreet (NASDAQ:HMST) opened at 25.45 on Friday. HomeStreet has a 12 month low of $24.00 and a 12 month high of $33.70. The firm has a market capitalization of $684.20 million, a PE ratio of 13.23 and a beta of 0.07. The company has a 50 day moving average price of $25.34 and a 200-day moving average price of $26.71.

HomeStreet Company Profile

HomeStreet, Inc is a financial services company serving customers primarily in the western United States, including Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. The Company’s operating segments include Commercial and Consumer Banking, and Mortgage Banking.

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Earnings History and Estimates for HomeStreet (NASDAQ:HMST)

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