Fifth Third Bancorp (FITB) Set to Announce Quarterly Earnings on Tuesday
Fifth Third Bancorp (NASDAQ:FITB) is set to issue its quarterly earnings data before the market opens on Tuesday, January 23rd. Analysts expect the company to announce earnings of $0.52 per share for the quarter.
Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. Fifth Third Bancorp had a net margin of 40.06% and a return on equity of 26.34%. During the same period in the previous year, the business posted $0.65 earnings per share. On average, analysts expect Fifth Third Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Fifth Third Bancorp (FITB) opened at $32.35 on Tuesday. The firm has a market cap of $22,830.00, a PE ratio of 12.21, a P/E/G ratio of 2.21 and a beta of 1.35. Fifth Third Bancorp has a 52-week low of $23.20 and a 52-week high of $32.36. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.89 and a current ratio of 0.89.
A number of research firms recently weighed in on FITB. BidaskClub upgraded shares of Fifth Third Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research lowered shares of Fifth Third Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley boosted their price target on shares of Fifth Third Bancorp from $30.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Robert W. Baird restated a “sell” rating and set a $29.00 price target on shares of Fifth Third Bancorp in a research report on Wednesday, January 3rd. Finally, Oppenheimer restated a “hold” rating on shares of Fifth Third Bancorp in a research report on Thursday, December 7th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $29.33.
In other Fifth Third Bancorp news, EVP Timothy Spence sold 15,000 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $28.86, for a total value of $432,900.00. Following the transaction, the executive vice president now directly owns 154,577 shares in the company, valued at approximately $4,461,092.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.38% of the company’s stock.
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Fifth Third Bancorp Company Profile
Fifth Third Bancorp is a bank holding company and a financial holding company. The Company conducts its principal lending, deposit gathering, transaction processing and service advisory activities through its banking and non-banking subsidiaries from banking centers located throughout the Midwestern and Southeastern regions of the United States.
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