Equities research analysts expect TCF Financial Corporation (NYSE:TCF) to announce sales of $355.24 million for the current fiscal quarter, according to Zacks. Six analysts have made estimates for TCF Financial Corporation’s earnings, with the highest sales estimate coming in at $362.00 million and the lowest estimate coming in at $350.06 million. TCF Financial Corporation posted sales of $327.11 million in the same quarter last year, which suggests a positive year over year growth rate of 8.6%. The company is expected to announce its next earnings report on Friday, January 26th.

According to Zacks, analysts expect that TCF Financial Corporation will report full year sales of $355.24 million for the current financial year, with estimates ranging from $1.36 billion to $1.38 billion. For the next year, analysts expect that the company will post sales of $1.46 billion per share, with estimates ranging from $1.44 billion to $1.48 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for TCF Financial Corporation.

TCF Financial Corporation (NYSE:TCF) last posted its earnings results on Friday, October 27th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.02). TCF Financial Corporation had a net margin of 15.27% and a return on equity of 9.63%. The firm had revenue of $343.30 million during the quarter, compared to the consensus estimate of $340.45 million. During the same period in the prior year, the company posted $0.31 EPS. The firm’s revenue was up .4% compared to the same quarter last year.

TCF has been the subject of a number of analyst reports. JMP Securities began coverage on shares of TCF Financial Corporation in a research note on Thursday, August 31st. They issued a “market perform” rating on the stock. Zacks Investment Research lowered shares of TCF Financial Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and issued a $19.00 target price on shares of TCF Financial Corporation in a research note on Friday, September 8th. Deutsche Bank AG restated a “hold” rating and issued a $17.00 target price (down previously from $18.00) on shares of TCF Financial Corporation in a research note on Tuesday, July 25th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $17.00 target price (up previously from $16.50) on shares of TCF Financial Corporation in a research note on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $18.00.

In related news, Director Barry N. Winslow acquired 12,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $300,000.00. Following the completion of the acquisition, the director now directly owns 2,365 shares of the company’s stock, valued at approximately $59,125. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.50% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION WARNING: This article was first posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/11/03/355-24-million-in-sales-expected-for-tcf-financial-corporation-tcf-this-quarter.html.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of Infinity. The ex-dividend date is Tuesday, November 14th. TCF Financial Corporation’s dividend payout ratio (DPR) is 26.32%.

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.

Get a free copy of the Zacks research report on TCF Financial Corporation (TCF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for TCF Financial Corporation (NYSE:TCF)

Receive News & Ratings for TCF Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TCF Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.