Zacks: Stock companies predict that PNC Financial Services Group, Inc. (NYSE: PNC) to announce quarterly sales of $ 5.13 billion


Wall Street stockbrokers predict that PNC Financial Services Group, Inc.NYSE: PNCGet a Score) will make sales of $ 5.13 billion for the current quarter, Zacks Investment Research References. Eleven analysts forecast earnings for The PNC Financial Services Group. The highest sales estimate is $ 5.31 billion and the lowest is $ 4.90 billion. PNC Financial Services Group reported sales of $ 4.67 billion in the same quarter last year, indicating a positive growth rate of 9.9% year-on-year. The company is expected to present its next earnings report on Monday, January 1st.

According to Zacks, analysts expect The PNC Financial Services Group to report $ 20.74 billion in full-year sales for the current fiscal year, with estimates ranging from $ 19.85 billion to $ 21.04 billion. For next year, analysts predict that the company will report sales of $ 22.64 billion, with estimates ranging from $ 21.56 billion to $ 23.45 billion. Zacks Investment Research average sales is an average based on a survey of research firms in terms of sales that provide coverage for the PNC Financial Services Group.

The PNC Financial Services Group (NYSE: PNCGet a Score) last published its earnings results on Thursday 14 April. The financial services provider reported earnings of $ 3.23 per share for the quarter, beating the Zacks consensus estimate of $ 2.78 by $ 0.45. PNC Financial Services Group had a net margin of 26.14% and a return on equity of 12.43%. The company had revenue of $ 4.69 billion for the quarter, compared with analysts’ estimates of $ 4.72 billion. In the same period last year, the company released $ 4.10 EPS. The company’s revenues increased by 11.2% on an annual basis.

A number of brokerage firms have recently weighed on PNC. Raymond James lowered his price target for The PNC Financial Services Group from $ 230.00 to $ 215.00 and set a “high performance” rating for the company in a research note on Wednesday, April 6th. Robert W. Baird raised The PNC Financial Services Group’s price target from $ 200.00 to $ 230.00 in a research note on Wednesday, January 19th. Zacks Investment Research cut the PNC Financial Services Group from a “buy” rating to a “hold” rating and set a price target of $ 221.00 per share. in a research note on Thursday, January 20th. The Credit Suisse Group raised The PNC Financial Services Group’s price target from $ 203.00 to $ 207.00 and gave the company a “neutral” rating in a research note on Wednesday, January 19th. After all, StockNews.com took over the coverage of The PNC Financial Services Group in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. One stock analyst has rated the stock with a sell rating, twelve have issued a holding rating and eleven have issued a stock rating for the stock. Based on data from MarketBeat.com, the PNC Financial Services Group currently has an average “Hold” rating and a consensus target price of $ 219.32.

The share of PNC Financial Services Group opened at $ 175.00 on Monday. The company’s simple 50-day moving average is $ 191.95 and the 200-day simple moving average is $ 201.13. The company has a market capitalization of $ 73.23 billion, a price-to-earnings ratio of $ 14.81, a price-to-earnings ratio of $ 2.21 and a beta of $ 1.26. The PNC Financial Services Group has a 1-year low of $ 170.14 and a 1-year high of $ 228.14. The company has a debt to equity ratio of 0.54, a fast rate of 0.78 and a current rate of 0.75.

The company recently announced a quarterly dividend, which will be paid on Thursday, May 5. Record shareholders on Wednesday, April 13 will receive a dividend of $ 1.50 per share. This is a positive change from The PNC Financial Services Group’s previous quarterly dividend of $ 1.25. The dividend cut-off date is Tuesday 12 April. This represents an annual dividend of $ 6.00 and a dividend yield of 3.43%. The payment ratio of the PNC Financial Services Group is 50.76%.

In other news, EVP Michael P. Lyons sold 5,500 shares of the company in a transaction that took place on Monday, March 14th. The stock was sold at an average price of $ 182.59, for a total transaction of $ 1,004,245.00. The sale was revealed in a document submitted to the SEC, which is available at the SEC website. 0.34% of the share belongs to individuals.

Large investors have recently added or reduced their shares in the company. BlackRock Inc. increased its stake in The PNC Financial Services Group by 1.6% in the 4th quarter. BlackRock Inc. now holds 29,974,459 shares of the $ 6,010,476,000 financial services provider stock, after buying an additional 486,126 shares in the last quarter. State Street Corp increased its stake in The PNC Financial Services Group by 2.8% in the fourth quarter. State Street Corp now holds 19,704,923 shares of the financial services provider stock worth $ 3,951,231,000 after buying an additional 536,564 shares during the period. Capital Research Global Investors increased its stake in The PNC Financial Services Group by 10.7% in the 4th quarter. Capital Research Global Investors now holds 16,957,554 shares of the $ 3,400,329,000 financial services provider after acquiring an additional 1,639,724 shares during the period. Wellington Management Group LLP increased its stake in The PNC Financial Services Group by 15.3% in the third quarter. Wellington Management Group LLP now holds 16,743,639 shares of the financial services provider stock worth $ 3,275,724,000 after acquiring an additional 2,221,691 shares during the period. Finally, Geode Capital Management LLC increased its holdings in The PNC Financial Services Group by 2.1% in the 4th quarter. Geode Capital Management LLC now holds 6,874,797 shares of the $ 1,374,503,000 financial services provider after purchasing an additional 139,102 shares in the last quarter. 82.59% of the share belongs to institutional investors and hedge funds.

The Company Profile of the PNC Financial Services Group (Get a Score)

PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The company’s Retail Banking sector offers brokerage, insurance and investment services and cash management services. deposit, savings and money market accounts; certificates of deposit; branches, ATMs, call centers, and internet and mobile banking channels.

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PNC Financial Services Group (NYSE: PNC) earnings history and estimates



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