Equities research analysts expect that BB&T Corporation (NYSE:BBT) will post $2.84 billion in sales for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for BB&T’s earnings. The lowest sales estimate is $2.81 billion and the highest is $2.86 billion. BB&T reported sales of $2.73 billion in the same quarter last year, which indicates a positive year over year growth rate of 4%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, January 18th.

According to Zacks, analysts expect that BB&T will report full year sales of $2.84 billion for the current financial year, with estimates ranging from $11.26 billion to $11.44 billion. For the next fiscal year, analysts expect that the business will report sales of $11.67 billion per share, with estimates ranging from $11.53 billion to $11.84 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow BB&T.

BB&T (NYSE:BBT) last issued its quarterly earnings results on Thursday, October 19th. The insurance provider reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. BB&T had a net margin of 19.42% and a return on equity of 9.64%. The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter last year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year.

Several equities research analysts recently weighed in on BBT shares. Zacks Investment Research lowered shares of BB&T from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Morgan Stanley increased their price objective on shares of BB&T from $47.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, October 20th. Citigroup reiterated a “neutral” rating and set a $49.00 price objective (up previously from $47.00) on shares of BB&T in a research note on Monday, October 9th. SunTrust Banks reiterated a “buy” rating and set a $52.00 price objective on shares of BB&T in a research note on Friday, October 20th. Finally, Stephens upgraded shares of BB&T from an “equal weight” rating to an “overweight” rating and set a $53.00 price target on the stock in a research note on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $49.24.

In related news, Chairman Kelly S. King sold 66,372 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $47.53, for a total transaction of $3,154,661.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Donta L. Wilson sold 4,250 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $47.51, for a total transaction of $201,917.50. The disclosure for this sale can be found here. Insiders have sold 182,150 shares of company stock valued at $8,712,859 over the last 90 days. 0.36% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. AXA boosted its stake in BB&T by 1.7% in the 3rd quarter. AXA now owns 519,291 shares of the insurance provider’s stock worth $24,375,000 after purchasing an additional 8,804 shares during the period. Burgundy Asset Management Ltd. boosted its stake in BB&T by 0.3% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 8,382,444 shares of the insurance provider’s stock worth $393,472,000 after purchasing an additional 27,138 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in BB&T in the 3rd quarter worth approximately $718,000. Public Employees Retirement System of Ohio boosted its stake in BB&T by 7.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 588,125 shares of the insurance provider’s stock worth $27,607,000 after purchasing an additional 42,275 shares during the period. Finally, Coastline Trust Co boosted its stake in BB&T by 4.2% in the 3rd quarter. Coastline Trust Co now owns 46,740 shares of the insurance provider’s stock worth $2,194,000 after purchasing an additional 1,885 shares during the period. 65.20% of the stock is owned by hedge funds and other institutional investors.

Shares of BB&T (NYSE BBT) traded down $0.43 during mid-day trading on Wednesday, hitting $49.81. 4,915,800 shares of the stock traded hands, compared to its average volume of 4,405,164. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.78. BB&T has a twelve month low of $41.17 and a twelve month high of $51.11. The company has a market capitalization of $39,635.39, a PE ratio of 16.58, a price-to-earnings-growth ratio of 2.31 and a beta of 0.99.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Thursday, November 9th. BB&T’s payout ratio is 49.07%.

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About BB&T

BB&T Corporation is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company (Branch Bank), and other nonbank subsidiaries. Its segments include Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Holdings and Financial Services.

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Earnings History and Estimates for BB&T (NYSE:BBT)

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