East West Bancorp (EWBC) Set to Announce Earnings on Thursday

East West Bancorp (NASDAQ:EWBC) is scheduled to post its quarterly earnings results before the market opens on Thursday, April 18th. Analysts expect East West Bancorp to post earnings of $1.23 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

East West Bancorp (NASDAQ:EWBC) last announced its quarterly earnings data on Thursday, January 24th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.02. East West Bancorp had a net margin of 37.78% and a return on equity of 16.26%. The company had revenue of $411.11 million during the quarter, compared to analysts’ expectations of $408.61 million. During the same quarter in the prior year, the company earned $0.87 EPS. The firm’s revenue was up 12.7% on a year-over-year basis. On average, analysts expect East West Bancorp to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of East West Bancorp stock opened at $50.94 on Tuesday. The firm has a market capitalization of $7.56 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 0.95 and a beta of 1.54. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.01 and a quick ratio of 1.01. East West Bancorp has a 52-week low of $40.05 and a 52-week high of $73.98.

In other East West Bancorp news, Director Rudolph Estrada sold 1,902 shares of the company’s stock in a transaction on Monday, January 28th. The shares were sold at an average price of $52.64, for a total value of $100,121.28. Following the completion of the transaction, the director now directly owns 15,089 shares in the company, valued at approximately $794,284.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack C. Liu sold 2,108 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $55.20, for a total transaction of $116,361.60. Following the completion of the transaction, the director now owns 18,857 shares of the company’s stock, valued at $1,040,906.40. The disclosure for this sale can be found here. Corporate insiders own 0.68% of the company’s stock.

EWBC has been the subject of several analyst reports. TheStreet raised shares of East West Bancorp from a “c+” rating to a “b” rating in a research report on Thursday, February 7th. Barclays reissued a “buy” rating and set a $69.00 price target on shares of East West Bancorp in a research report on Friday, January 11th. Zacks Investment Research raised shares of East West Bancorp from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Tuesday, March 12th. BidaskClub raised shares of East West Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Finally, Wedbush increased their price target on shares of East West Bancorp from $59.00 to $62.00 and gave the company an “outperform” rating in a research report on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. East West Bancorp has a consensus rating of “Hold” and a consensus price target of $66.70.

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East West Bancorp Company Profile

East West Bancorp, Inc operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States and Greater China. It operates in three segments: Consumer and Business Banking, Commercial Banking, and Other.

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Earnings History for East West Bancorp (NASDAQ:EWBC)

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