$310.80 Million in Sales Expected for F.N.B. Corp (NYSE:FNB) This Quarter

Wall Street brokerages forecast that F.N.B. Corp (NYSE:FNB) will report sales of $310.80 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for F.N.B.’s earnings. The lowest sales estimate is $302.07 million and the highest is $325.82 million. F.N.B. reported sales of $309.80 million during the same quarter last year, which indicates a positive year over year growth rate of 0.3%. The business is scheduled to report its next earnings report on Thursday, October 15th.

On average, analysts expect that F.N.B. will report full year sales of $1.25 billion for the current year, with estimates ranging from $1.23 billion to $1.27 billion. For the next year, analysts forecast that the company will report sales of $1.20 billion, with estimates ranging from $1.18 billion to $1.23 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow F.N.B..

F.N.B. (NYSE:FNB) last announced its earnings results on Thursday, July 16th. The bank reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.15. The firm had revenue of $305.59 million during the quarter, compared to analysts’ expectations of $297.20 million. F.N.B. had a return on equity of 7.19% and a net margin of 21.82%.

Separately, Zacks Investment Research raised F.N.B. from a “sell” rating to a “hold” rating in a research report on Monday, May 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $13.00.

Shares of NYSE FNB opened at $7.24 on Thursday. The stock has a market cap of $2.34 billion, a PE ratio of 7.31 and a beta of 1.29. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.34. F.N.B. has a 52-week low of $5.05 and a 52-week high of $12.93. The business has a 50-day moving average price of $7.54 and a 200 day moving average price of $7.67.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 6.63%. The ex-dividend date was Thursday, September 3rd. F.N.B.’s dividend payout ratio is presently 40.68%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Two Sigma Advisers LP raised its stake in F.N.B. by 73.7% during the 2nd quarter. Two Sigma Advisers LP now owns 67,173 shares of the bank’s stock valued at $504,000 after acquiring an additional 28,500 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in F.N.B. by 12.9% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 54,300 shares of the bank’s stock valued at $407,000 after acquiring an additional 6,200 shares during the last quarter. Two Sigma Securities LLC purchased a new position in shares of F.N.B. during the 2nd quarter worth approximately $86,000. Handelsbanken Fonder AB purchased a new position in shares of F.N.B. during the 2nd quarter worth approximately $461,000. Finally, Nuveen Asset Management LLC raised its stake in shares of F.N.B. by 0.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 692,576 shares of the bank’s stock worth $5,194,000 after buying an additional 6,080 shares in the last quarter. 72.25% of the stock is owned by hedge funds and other institutional investors.

F.N.B. Company Profile

F.N.B. Corporation, a financial holding company, provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. The company operates through three segments: Community Banking, Wealth Management, and Insurance. It offers commercial banking solutions, including corporate and small business banking, investment real estate financing, business credit, capital market, and lease financing services.

Further Reading: What are the economic characteristics of a bear market?

Get a free copy of the Zacks research report on F.N.B. (FNB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for F.N.B. (NYSE:FNB)

Receive News & Ratings for F.N.B. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F.N.B. and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply