Wintrust Financial Corp (NASDAQ:WTFC) Expected to Post Quarterly Sales of $365.40 Million

Equities research analysts expect Wintrust Financial Corp (NASDAQ:WTFC) to report sales of $365.40 million for the current quarter, according to Zacks. Seven analysts have provided estimates for Wintrust Financial’s earnings, with the highest sales estimate coming in at $374.30 million and the lowest estimate coming in at $359.60 million. Wintrust Financial posted sales of $333.40 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.6%. The firm is scheduled to report its next earnings report after the market closes on Monday, July 15th.

According to Zacks, analysts expect that Wintrust Financial will report full year sales of $1.45 billion for the current fiscal year, with estimates ranging from $1.43 billion to $1.48 billion. For the next financial year, analysts forecast that the business will report sales of $1.53 billion, with estimates ranging from $1.51 billion to $1.56 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Wintrust Financial.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, April 15th. The bank reported $1.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.01). The firm had revenue of $343.64 million during the quarter, compared to analysts’ expectations of $345.03 million. Wintrust Financial had a return on equity of 11.28% and a net margin of 21.95%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.40 EPS.

Several analysts have issued reports on WTFC shares. Wedbush reaffirmed a “hold” rating and issued a $9.00 target price on shares of Glu Mobile in a research note on Tuesday, May 7th. BidaskClub lowered Xilinx from a “buy” rating to a “hold” rating in a research note on Saturday, June 15th. Piper Jaffray Companies set a $92.00 target price on Wintrust Financial and gave the stock a “buy” rating in a research note on Monday, July 8th. Jefferies Financial Group upped their target price on T. Rowe Price Group from $103.00 to $119.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, Zacks Investment Research raised SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Friday, July 5th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $92.00.

WTFC traded up $0.92 during midday trading on Friday, hitting $72.09. The stock had a trading volume of 664,383 shares, compared to its average volume of 400,435. The stock has a market capitalization of $4.03 billion, a P/E ratio of 12.30, a P/E/G ratio of 0.80 and a beta of 1.03. The company’s fifty day moving average is $71.64. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 0.99. Wintrust Financial has a 1 year low of $61.53 and a 1 year high of $92.56.

A number of hedge funds have recently made changes to their positions in WTFC. NumerixS Investment Technologies Inc bought a new stake in Wintrust Financial in the first quarter valued at approximately $88,000. Quantamental Technologies LLC lifted its position in Wintrust Financial by 196.8% in the first quarter. Quantamental Technologies LLC now owns 1,466 shares of the bank’s stock valued at $99,000 after purchasing an additional 972 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in Wintrust Financial in the fourth quarter valued at approximately $128,000. First Manhattan Co. bought a new stake in Wintrust Financial in the first quarter valued at approximately $201,000. Finally, Gideon Capital Advisors Inc. bought a new position in shares of Wintrust Financial during the fourth quarter valued at approximately $233,000. Hedge funds and other institutional investors own 88.91% of the company’s stock.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), Internet banking, and other services.

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Earnings History and Estimates for Wintrust Financial (NASDAQ:WTFC)

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