Zacks: Brokerages Expect BB&T Co. (BBT) Will Post Earnings of $0.91 Per Share

Wall Street brokerages forecast that BB&T Co. (NYSE:BBT) will post earnings per share (EPS) of $0.91 for the current quarter, according to Zacks. Six analysts have provided estimates for BB&T’s earnings. The lowest EPS estimate is $0.84 and the highest is $0.96. BB&T posted earnings of $0.74 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 23%. The firm is expected to issue its next quarterly earnings results on Thursday, April 19th.

On average, analysts expect that BB&T will report full-year earnings of $3.90 per share for the current year, with EPS estimates ranging from $3.50 to $4.15. For the next financial year, analysts expect that the business will post earnings of $4.24 per share, with EPS estimates ranging from $4.10 to $4.45. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for BB&T.

BB&T (NYSE:BBT) last posted its earnings results on Thursday, January 18th. The insurance provider reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.04. BB&T had a return on equity of 9.93% and a net margin of 19.25%. The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.86 billion. During the same period last year, the firm earned $0.72 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis.

BBT has been the topic of a number of analyst reports. Morgan Stanley raised their target price on BB&T from $47.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, October 20th. Zacks Investment Research upgraded BB&T from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. BMO Capital Markets lifted their price objective on BB&T from $48.00 to $49.00 and gave the stock a “market perform” rating in a report on Friday, October 20th. Barclays lifted their price objective on BB&T from $51.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Vining Sparks reiterated a “buy” rating and issued a $59.00 price objective on shares of BB&T in a report on Monday, January 8th. Fifteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. BB&T currently has a consensus rating of “Hold” and a consensus target price of $53.52.

In other news, insider Donna C. Goodrich sold 10,799 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $46.77, for a total transaction of $505,069.23. Following the sale, the insider now owns 47,182 shares of the company’s stock, valued at $2,206,702.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nido R. Qubein sold 21,025 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $54.50, for a total value of $1,145,862.50. Following the sale, the director now directly owns 59,513 shares in the company, valued at approximately $3,243,458.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,923 shares of company stock worth $8,274,322. Corporate insiders own 0.36% of the company’s stock.

Several institutional investors have recently bought and sold shares of BBT. Delpha Capital Management LLC purchased a new stake in shares of BB&T during the fourth quarter worth $106,000. Kistler Tiffany Companies LLC increased its position in shares of BB&T by 102.6% during the fourth quarter. Kistler Tiffany Companies LLC now owns 2,356 shares of the insurance provider’s stock worth $117,000 after acquiring an additional 1,193 shares during the period. Shamrock Asset Management LLC purchased a new stake in shares of BB&T during the fourth quarter worth $123,000. Cerebellum GP LLC purchased a new stake in shares of BB&T during the fourth quarter worth $123,000. Finally, Front Row Advisors LLC purchased a new stake in shares of BB&T during the fourth quarter worth $142,000. 65.89% of the stock is currently owned by institutional investors and hedge funds.

BB&T (NYSE BBT) traded up $0.10 during trading hours on Friday, hitting $54.84. The stock had a trading volume of 2,485,073 shares, compared to its average volume of 4,382,886. BB&T has a 52-week low of $41.17 and a 52-week high of $55.99. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.87 and a quick ratio of 0.86. The firm has a market cap of $41,704.38, a PE ratio of 20.01, a PEG ratio of 1.37 and a beta of 1.06.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 9th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, February 8th. BB&T’s payout ratio is presently 48.18%.

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BB&T Company Profile

BB&T Corporation is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Banking and Trust Company (Branch Bank), and other nonbank subsidiaries. Its segments include Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Holdings and Financial Services.

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Earnings History and Estimates for BB&T (NYSE:BBT)

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