Equities research analysts predict that Fifth Third Bancorp (NASDAQ:FITB) will announce sales of $1.55 billion for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Fifth Third Bancorp’s earnings. The highest sales estimate is $1.57 billion and the lowest is $1.53 billion. Fifth Third Bancorp reported sales of $1.46 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 6.2%. The business is scheduled to issue its next quarterly earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that Fifth Third Bancorp will report full-year sales of $1.55 billion for the current financial year, with estimates ranging from $6.37 billion to $6.45 billion. For the next fiscal year, analysts anticipate that the company will post sales of $6.66 billion per share, with estimates ranging from $6.59 billion to $6.72 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Fifth Third Bancorp.
Fifth Third Bancorp (NASDAQ:FITB) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.05. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.58 billion. Fifth Third Bancorp had a net margin of 27.08% and a return on equity of 9.65%. During the same period in the prior year, the business posted $0.49 earnings per share.
Fifth Third Bancorp (NASDAQ:FITB) opened at $33.35 on Friday. The firm has a market cap of $23,900.00, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 2.19 and a beta of 1.35. Fifth Third Bancorp has a 12-month low of $23.20 and a 12-month high of $33.51. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.90 and a quick ratio of 0.89.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, December 28th. Fifth Third Bancorp’s dividend payout ratio (DPR) is presently 22.46%.
Institutional investors have recently added to or reduced their stakes in the stock. Horan Capital Advisors LLC. purchased a new stake in Fifth Third Bancorp during the third quarter valued at $102,000. Valeo Financial Advisors LLC purchased a new stake in Fifth Third Bancorp during the third quarter valued at $119,000. Harvest Fund Management Co. Ltd purchased a new stake in Fifth Third Bancorp during the fourth quarter valued at $148,000. Sun Life Financial INC raised its stake in Fifth Third Bancorp by 55,050.0% during the second quarter. Sun Life Financial INC now owns 5,515 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 5,505 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in Fifth Third Bancorp by 268.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 6,456 shares of the financial services provider’s stock valued at $196,000 after purchasing an additional 4,706 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.
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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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