$162.25 Million in Sales Expected for Home Bancshares Inc (HOMB) This Quarter

Equities analysts expect Home Bancshares Inc (NASDAQ:HOMB) to post $162.25 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Home Bancshares’ earnings, with the highest sales estimate coming in at $162.60 million and the lowest estimate coming in at $161.90 million. Home Bancshares posted sales of $131.29 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.6%. The firm is scheduled to issue its next earnings report on Thursday, April 19th.

On average, analysts expect that Home Bancshares will report full year sales of $162.25 million for the current year, with estimates ranging from $673.30 million to $675.60 million. For the next financial year, analysts anticipate that the company will post sales of $716.75 million per share, with estimates ranging from $714.80 million to $718.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Home Bancshares.

Home Bancshares (NASDAQ:HOMB) last announced its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Home Bancshares had a net margin of 21.79% and a return on equity of 11.18%. The company had revenue of $164.30 million during the quarter, compared to analyst estimates of $165.40 million. During the same period in the previous year, the business earned $0.35 EPS. The firm’s revenue for the quarter was up 28.4% on a year-over-year basis.

A number of brokerages have weighed in on HOMB. Sandler O’Neill lowered shares of Home Bancshares from a “buy” rating to a “hold” rating and set a $27.00 target price for the company. in a research note on Friday, October 20th. BidaskClub upgraded shares of Home Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Piper Jaffray Companies reiterated a “hold” rating and set a $26.00 target price on shares of Home Bancshares in a research note on Tuesday, January 9th. Zacks Investment Research upgraded shares of Home Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $30.00 target price on shares of Home Bancshares in a research note on Friday, December 22nd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $27.50.

Shares of Home Bancshares (NASDAQ:HOMB) opened at $23.49 on Friday. The firm has a market cap of $4,016.13, a price-to-earnings ratio of 25.81 and a beta of 1.15. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.03. Home Bancshares has a 12 month low of $20.82 and a 12 month high of $29.69.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Wednesday, February 14th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.87%. Home Bancshares’s dividend payout ratio is presently 48.35%.

Several large investors have recently bought and sold shares of the company. Citadel Advisors LLC increased its stake in shares of Home Bancshares by 19.4% in the 4th quarter. Citadel Advisors LLC now owns 220,383 shares of the financial services provider’s stock worth $5,124,000 after purchasing an additional 35,738 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Home Bancshares by 3.6% in the 4th quarter. UBS Asset Management Americas Inc. now owns 98,553 shares of the financial services provider’s stock worth $2,291,000 after purchasing an additional 3,447 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Home Bancshares by 57.9% in the 4th quarter. Arizona State Retirement System now owns 113,784 shares of the financial services provider’s stock worth $2,645,000 after purchasing an additional 41,731 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Home Bancshares by 22.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 376,911 shares of the financial services provider’s stock worth $8,763,000 after purchasing an additional 70,014 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Home Bancshares by 17.2% in the 4th quarter. First Trust Advisors LP now owns 213,617 shares of the financial services provider’s stock worth $4,967,000 after purchasing an additional 31,381 shares in the last quarter. Hedge funds and other institutional investors own 63.70% of the company’s stock.

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Home Bancshares Company Profile

Home BancShares, Inc is a bank holding company. The Company is engaged in providing a range of commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals and municipalities through its community bank subsidiary, Centennial Bank (the Bank).

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Earnings History and Estimates for Home Bancshares (NASDAQ:HOMB)

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