Webster Financial (WBS) Set to Announce Quarterly Earnings on Tuesday
Webster Financial (NYSE:WBS) is set to issue its quarterly earnings data before the market opens on Tuesday, January 23rd. Analysts expect the company to announce earnings of $0.65 per share for the quarter.
Webster Financial (NYSE:WBS) last posted its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.64 by $0.03. Webster Financial had a return on equity of 9.89% and a net margin of 21.09%. The firm had revenue of $266.75 million during the quarter, compared to analysts’ expectations of $269.03 million. During the same quarter last year, the firm earned $0.54 earnings per share. On average, analysts expect Webster Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of Webster Financial (NYSE:WBS) opened at $59.58 on Tuesday. The company has a market capitalization of $5,904.36, a P/E ratio of 23.55, a P/E/G ratio of 2.31 and a beta of 1.22. Webster Financial has a fifty-two week low of $44.04 and a fifty-two week high of $59.76. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.81 and a quick ratio of 0.81.
WBS has been the subject of several analyst reports. Deutsche Bank increased their price objective on Webster Financial from $51.00 to $53.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Zacks Investment Research lowered Webster Financial from a “buy” rating to a “hold” rating and set a $63.00 price objective for the company. in a research report on Saturday, January 6th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $71.00 price objective on shares of Webster Financial in a research report on Friday, December 22nd. ValuEngine lowered Webster Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Barclays increased their price objective on Webster Financial from $55.00 to $59.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $58.67.
Webster Financial Company Profile
Webster Financial Corporation is a bank and financial holding company. The Company’s segments include Commercial Banking, Community Banking, HSA Bank, Private Banking, and Corporate and Reconciling. The Commercial Banking segment includes middle-market, asset-based lending, commercial real estate, equipment finance, and treasury and payment solutions, which includes government and institutional banking.
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