Equities analysts expect Wells Fargo & Company (NYSE:WFC) to report $22.14 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Wells Fargo & Company’s earnings. The lowest sales estimate is $21.67 billion and the highest is $22.62 billion. Wells Fargo & Company posted sales of $21.58 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 2.6%. The company is expected to issue its next quarterly earnings report on Friday, January 12th.

On average, analysts expect that Wells Fargo & Company will report full-year sales of $22.14 billion for the current year, with estimates ranging from $87.77 billion to $89.70 billion. For the next fiscal year, analysts anticipate that the company will report sales of $90.08 billion per share, with estimates ranging from $88.21 billion to $93.02 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Wells Fargo & Company.

Wells Fargo & Company (NYSE:WFC) last announced its quarterly earnings data on Friday, October 13th. The financial services provider reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). Wells Fargo & Company had a net margin of 22.00% and a return on equity of 12.59%. The company had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $22.30 billion. During the same quarter in the previous year, the business earned $1.03 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year.

Several equities research analysts have recently commented on WFC shares. Keefe, Bruyette & Woods restated a “buy” rating on shares of Wells Fargo & Company in a report on Wednesday, August 16th. Robert W. Baird restated a “buy” rating and issued a $58.00 price target on shares of Wells Fargo & Company in a report on Tuesday, September 5th. Vetr upgraded shares of Wells Fargo & Company to a “strong-buy” rating in a report on Thursday, September 7th. Piper Jaffray Companies restated a “neutral” rating and issued a $50.00 price target (down previously from $52.00) on shares of Wells Fargo & Company in a report on Wednesday, September 13th. Finally, UBS restated a “neutral” rating and issued a $56.00 price target (down previously from $59.00) on shares of Wells Fargo & Company in a report on Friday, September 15th. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Wells Fargo & Company presently has an average rating of “Hold” and a consensus target price of $57.25.

Shares of Wells Fargo & Company (NYSE:WFC) opened at $56.20 on Friday. Wells Fargo & Company has a twelve month low of $49.27 and a twelve month high of $59.99. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. The firm has a market cap of $278,073.00, a PE ratio of 13.64, a P/E/G ratio of 1.36 and a beta of 0.96.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 3rd were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend was Thursday, November 2nd. Wells Fargo & Company’s payout ratio is currently 40.31%.

In other news, VP Richard Levy sold 97,000 shares of Wells Fargo & Company stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $56.47, for a total value of $5,477,590.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider John R. Shrewsberry sold 70,000 shares of Wells Fargo & Company stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $56.90, for a total transaction of $3,983,000.00. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of WFC. Patriot Financial Group Insurance Agency LLC grew its position in Wells Fargo & Company by 0.3% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 6 shares during the last quarter. Winch Advisory Services LLC grew its position in Wells Fargo & Company by 0.7% during the 2nd quarter. Winch Advisory Services LLC now owns 2,776 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 20 shares during the last quarter. Jackson Grant Investment Advisers Inc. grew its position in Wells Fargo & Company by 0.5% during the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 4,928 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 24 shares during the last quarter. Financial Advisory Group grew its position in Wells Fargo & Company by 0.7% during the 2nd quarter. Financial Advisory Group now owns 5,029 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 35 shares during the last quarter. Finally, Keystone Financial Planning Inc. grew its position in Wells Fargo & Company by 0.6% during the 1st quarter. Keystone Financial Planning Inc. now owns 6,755 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 39 shares during the last quarter. 75.78% of the stock is currently owned by hedge funds and other institutional investors.

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Wells Fargo & Company Company Profile

Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial.

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Earnings History and Estimates for Wells Fargo & Company (NYSE:WFC)

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