Brokerages predict that Huntington Bancshares Incorporated (NASDAQ:HBAN) will post $1.10 billion in sales for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Huntington Bancshares’ earnings. The lowest sales estimate is $1.09 billion and the highest is $1.12 billion. Huntington Bancshares posted sales of $1.07 billion in the same quarter last year, which suggests a positive year over year growth rate of 2.8%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, January 24th.

On average, analysts expect that Huntington Bancshares will report full-year sales of $1.10 billion for the current year, with estimates ranging from $4.30 billion to $4.35 billion. For the next year, analysts anticipate that the company will report sales of $4.52 billion per share, with estimates ranging from $4.44 billion to $4.60 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Huntington Bancshares.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Wednesday, October 25th. The bank reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Huntington Bancshares had a net margin of 20.76% and a return on equity of 11.96%. During the same quarter in the previous year, the business earned $0.11 EPS.

A number of research analysts have recently weighed in on HBAN shares. Keefe, Bruyette & Woods restated a “hold” rating and set a $14.25 price objective on shares of Huntington Bancshares in a research report on Friday, October 13th. Nomura raised their price objective on Huntington Bancshares from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Sanford C. Bernstein upgraded Huntington Bancshares from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $15.00 to $17.00 in a research report on Thursday, September 14th. Royal Bank Of Canada restated a “buy” rating and set a $16.00 price objective on shares of Huntington Bancshares in a research report on Friday, September 8th. Finally, JMP Securities started coverage on Huntington Bancshares in a research report on Thursday, August 31st. They set an “outperform” rating and a $15.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. Huntington Bancshares presently has a consensus rating of “Buy” and an average target price of $15.22.

Huntington Bancshares (NASDAQ:HBAN) opened at $13.50 on Tuesday. The firm has a market capitalization of $14,590.00, a PE ratio of 14.02, a PEG ratio of 1.53 and a beta of 1.34. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.96. Huntington Bancshares has a 12-month low of $12.14 and a 12-month high of $14.74.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be given a $0.11 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.44 annualized dividend and a yield of 3.26%. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.08. Huntington Bancshares’s dividend payout ratio (DPR) is currently 38.55%.

In other Huntington Bancshares news, EVP Daniel J. Neumeyer sold 43,491 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $13.88, for a total value of $603,655.08. Following the completion of the sale, the executive vice president now owns 427,270 shares of the company’s stock, valued at $5,930,507.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Helga Houston sold 14,513 shares of Huntington Bancshares stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $13.77, for a total transaction of $199,844.01. Following the sale, the insider now directly owns 499,824 shares of the company’s stock, valued at approximately $6,882,576.48. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Sun Life Financial INC raised its stake in shares of Huntington Bancshares by 99,812.5% during the second quarter. Sun Life Financial INC now owns 7,993 shares of the bank’s stock valued at $108,000 after acquiring an additional 7,985 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in shares of Huntington Bancshares during the second quarter valued at approximately $134,000. Verition Fund Management LLC bought a new stake in shares of Huntington Bancshares during the second quarter valued at approximately $139,000. Bronfman E.L. Rothschild L.P. raised its stake in shares of Huntington Bancshares by 8.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 10,382 shares of the bank’s stock valued at $140,000 after acquiring an additional 834 shares in the last quarter. Finally, Foster & Motley Inc. raised its stake in Huntington Bancshares by 2.2% in the second quarter. Foster & Motley Inc. now owns 10,504 shares of the bank’s stock worth $142,000 after buying an additional 224 shares in the last quarter. 75.26% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This piece of content was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/11/28/huntington-bancshares-incorporated-hban-expected-to-announce-quarterly-sales-of-1-10-billion.html.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (Huntington) is a bank holding company. Through its subsidiaries, including its bank subsidiary, The Huntington National Bank (the Bank), the Company provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.

Get a free copy of the Zacks research report on Huntington Bancshares (HBAN)

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

Earnings History and Estimates for Huntington Bancshares (NASDAQ:HBAN)

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