Equities analysts expect HomeStreet, Inc. (NASDAQ:HMST) to announce sales of $129.90 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for HomeStreet’s earnings. The highest sales estimate is $131.43 million and the lowest is $127.30 million. HomeStreet posted sales of $158.55 million during the same quarter last year, which would indicate a negative year over year growth rate of 18.1%. The company is scheduled to report its next quarterly earnings results after the market closes on Monday, October 23rd.

According to Zacks, analysts expect that HomeStreet will report full year sales of $129.90 million for the current fiscal year, with estimates ranging from $502.70 million to $507.12 million. For the next year, analysts anticipate that the business will report sales of $529.62 million per share, with estimates ranging from $511.30 million to $544.32 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for HomeStreet.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.18). HomeStreet had a return on equity of 8.10% and a net margin of 8.89%. The firm had revenue of $127.88 million for the quarter, compared to analysts’ expectations of $143.41 million. During the same quarter in the prior year, the business posted $0.90 earnings per share.

HMST has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $31.00 target price on shares of HomeStreet in a research note on Friday, July 14th. ValuEngine raised shares of HomeStreet from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. FBR & Co reaffirmed a “hold” rating on shares of HomeStreet in a research note on Tuesday, October 3rd. Zacks Investment Research raised shares of HomeStreet from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, BidaskClub raised shares of HomeStreet from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. HomeStreet presently has a consensus rating of “Hold” and an average target price of $29.08.

Shares of HomeStreet (NASDAQ HMST) opened at 28.85 on Monday. The company’s 50 day moving average price is $26.78 and its 200 day moving average price is $26.81. HomeStreet has a one year low of $24.00 and a one year high of $33.70. The stock has a market capitalization of $775.60 million, a price-to-earnings ratio of 14.99 and a beta of 0.06.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of HomeStreet by 6.8% during the 2nd quarter. BlackRock Inc. now owns 3,397,800 shares of the financial services provider’s stock worth $94,035,000 after buying an additional 215,443 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of HomeStreet by 12.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,214,492 shares of the financial services provider’s stock worth $61,286,000 after buying an additional 240,299 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of HomeStreet by 8.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,407,312 shares of the financial services provider’s stock worth $38,947,000 after buying an additional 115,204 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of HomeStreet by 13.1% during the 2nd quarter. Alliancebernstein L.P. now owns 824,562 shares of the financial services provider’s stock worth $22,820,000 after buying an additional 95,620 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of HomeStreet by 120.1% during the 2nd quarter. Victory Capital Management Inc. now owns 812,090 shares of the financial services provider’s stock worth $22,475,000 after buying an additional 443,105 shares during the last quarter. Institutional investors own 83.89% of the company’s stock.

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About HomeStreet

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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