Brokerages forecast that Northern Trust Co. (NASDAQ:NTRS) will report $1.45 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Northern Trust’s earnings, with the highest sales estimate coming in at $1.46 billion and the lowest estimate coming in at $1.43 billion. Northern Trust reported sales of $1.28 billion in the same quarter last year, which would suggest a positive year over year growth rate of 13.3%. The business is expected to issue its next quarterly earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that Northern Trust will report full-year sales of $1.45 billion for the current year, with estimates ranging from $5.88 billion to $5.99 billion. For the next financial year, analysts anticipate that the firm will post sales of $6.23 billion per share, with estimates ranging from $6.17 billion to $6.29 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Northern Trust.
Northern Trust (NASDAQ:NTRS) last issued its quarterly earnings data on Wednesday, January 24th. The asset manager reported $1.35 EPS for the quarter, beating the consensus estimate of $1.30 by $0.05. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.41 billion. Northern Trust had a net margin of 20.98% and a return on equity of 12.77%. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.11 earnings per share.
Northern Trust (NASDAQ NTRS) opened at $109.51 on Tuesday. The company has a market cap of $24,900.00, a PE ratio of 23.35, a PEG ratio of 1.45 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.71 and a current ratio of 0.71. Northern Trust has a one year low of $83.17 and a one year high of $110.81.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Friday, March 9th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, March 8th. Northern Trust’s dividend payout ratio (DPR) is presently 35.82%.
In other Northern Trust news, Vice Chairman Stephen N. Potter sold 10,000 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $106.14, for a total value of $1,061,400.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Aileen B. Blake sold 3,000 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $105.32, for a total transaction of $315,960.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 184,650 shares of company stock worth $19,659,480. Corporate insiders own 1.04% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Field & Main Bank bought a new position in shares of Northern Trust in the fourth quarter worth approximately $100,000. Truewealth LLC bought a new position in shares of Northern Trust in the fourth quarter worth approximately $110,000. Cerebellum GP LLC bought a new position in shares of Northern Trust in the fourth quarter worth approximately $132,000. Mission Wealth Management LP bought a new position in shares of Northern Trust in the fourth quarter worth approximately $200,000. Finally, Hollencrest Capital Management bought a new position in shares of Northern Trust in the fourth quarter worth approximately $210,000. Institutional investors and hedge funds own 79.49% of the company’s stock.
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Northern Trust Company Profile
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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