$1.30 EPS Expected for Northern Trust Co. (NTRS) This Quarter

Wall Street brokerages expect Northern Trust Co. (NASDAQ:NTRS) to post earnings of $1.30 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Northern Trust’s earnings, with the highest EPS estimate coming in at $1.34 and the lowest estimate coming in at $1.26. Northern Trust posted earnings per share of $1.11 in the same quarter last year, which would suggest a positive year-over-year growth rate of 17.1%. The company is expected to report its next earnings results before the market opens on Wednesday, January 24th.

On average, analysts expect that Northern Trust will report full-year earnings of $4.69 per share for the current fiscal year, with EPS estimates ranging from $4.65 to $4.71. For the next year, analysts forecast that the business will post earnings of $5.94 per share, with EPS estimates ranging from $5.25 to $6.70. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Northern Trust.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Wednesday, October 18th. The asset manager reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.08. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.35 billion. Northern Trust had a return on equity of 12.33% and a net margin of 20.27%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 earnings per share.

Several research analysts have weighed in on NTRS shares. Zacks Investment Research upgraded Northern Trust from a “sell” rating to a “hold” rating in a report on Monday, September 25th. Citigroup reiterated a “neutral” rating and set a $92.00 target price (up from $90.00) on shares of Northern Trust in a report on Monday, October 9th. UBS Group lifted their target price on Northern Trust from $100.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Buckingham Research lifted their target price on Northern Trust from $95.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, October 19th. Finally, Morgan Stanley lifted their target price on Northern Trust from $83.00 to $91.00 and gave the stock an “underweight” rating in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $100.20.

Northern Trust (NTRS) opened at $106.49 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market capitalization of $24,309.04, a PE ratio of 23.56, a price-to-earnings-growth ratio of 1.60 and a beta of 0.97. Northern Trust has a twelve month low of $81.92 and a twelve month high of $108.04.

In other news, Vice Chairman William L. Morrison sold 30,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $96.48, for a total value of $2,894,400.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Clair Joyce St sold 18,489 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $97.51, for a total value of $1,802,862.39. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,753 shares of company stock worth $13,433,361. Corporate insiders own 1.27% of the company’s stock.

Several institutional investors have recently modified their holdings of NTRS. Salem Investment Counselors Inc. increased its position in shares of Northern Trust by 8.3% in the second quarter. Salem Investment Counselors Inc. now owns 1,083 shares of the asset manager’s stock valued at $105,000 after acquiring an additional 83 shares during the last quarter. MPS Loria Financial Planners LLC acquired a new stake in shares of Northern Trust in the second quarter valued at about $134,000. Sun Life Financial INC increased its position in shares of Northern Trust by 15,740.0% in the second quarter. Sun Life Financial INC now owns 1,584 shares of the asset manager’s stock valued at $154,000 after acquiring an additional 1,574 shares during the last quarter. Hollencrest Capital Management acquired a new stake in shares of Northern Trust in the fourth quarter valued at about $210,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Northern Trust in the second quarter valued at about $205,000. Institutional investors own 81.70% of the company’s stock.

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About Northern Trust

Northern Trust Corporation is a financial holding company. The Company provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals across the world. Its segments include Corporate & Institutional Services (C&IS), Wealth Management, and Treasury and Other.

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