Equities Analysts Offer Predictions for BB&T Co.’s Q2 2019 Earnings (NYSE:BBT)

BB&T Co. (NYSE:BBT) – Investment analysts at Jefferies Financial Group reduced their Q2 2019 earnings per share estimates for shares of BB&T in a report released on Tuesday, July 9th. Jefferies Financial Group analyst K. Usdin now expects that the insurance provider will post earnings per share of $1.10 for the quarter, down from their prior estimate of $1.11.

BB&T (NYSE:BBT) last posted its earnings results on Thursday, April 18th. The insurance provider reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.02. BB&T had a return on equity of 12.16% and a net margin of 23.68%. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm earned $0.94 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis.

A number of other brokerages have also recently commented on BBT. Morgan Stanley cut Silicon Motion Technology from an “equal weight” rating to an “underweight” rating in a research report on Monday, April 22nd. UBS Group raised their price target on Willis Towers Watson from $202.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday. Raymond James restated a “buy” rating on shares of Teck Resources in a research report on Thursday, April 4th. JPMorgan Chase & Co. assumed coverage on Pinduoduo in a research report on Tuesday, July 9th. They issued an “underweight” rating and a $20.48 price target on the stock. Finally, Deutsche Bank restated a “hold” rating on shares of Tata Motors in a research report on Tuesday, March 26th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $53.22.

Shares of NYSE BBT opened at $50.45 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.89. BB&T has a 52 week low of $40.68 and a 52 week high of $53.08. The company has a market capitalization of $38.64 billion, a PE ratio of 12.46, a P/E/G ratio of 1.26 and a beta of 1.13. The stock has a fifty day moving average of $48.89.

In other BB&T news, VP Cynthia B. Powell sold 2,651 shares of BB&T stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $49.22, for a total value of $130,482.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Louis B. Lynn sold 2,500 shares of BB&T stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $48.33, for a total value of $120,825.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,569 shares of company stock worth $419,336. Company insiders own 0.49% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Weather Gauge Advisory LLC grew its holdings in shares of BB&T by 0.3% during the second quarter. Weather Gauge Advisory LLC now owns 78,278 shares of the insurance provider’s stock worth $3,846,000 after purchasing an additional 206 shares during the last quarter. Abacus Planning Group Inc. grew its holdings in shares of BB&T by 3.8% during the fourth quarter. Abacus Planning Group Inc. now owns 5,614 shares of the insurance provider’s stock worth $243,000 after purchasing an additional 208 shares during the last quarter. Lakeview Capital Partners LLC grew its holdings in shares of BB&T by 2.5% during the first quarter. Lakeview Capital Partners LLC now owns 8,637 shares of the insurance provider’s stock worth $402,000 after purchasing an additional 209 shares during the last quarter. IHT Wealth Management LLC grew its holdings in shares of BB&T by 3.2% during the fourth quarter. IHT Wealth Management LLC now owns 7,501 shares of the insurance provider’s stock worth $325,000 after purchasing an additional 234 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of BB&T by 2.0% during the fourth quarter. Van ECK Associates Corp now owns 12,400 shares of the insurance provider’s stock worth $537,000 after purchasing an additional 238 shares during the last quarter. Hedge funds and other institutional investors own 68.01% of the company’s stock.

About BB&T

BB&T Corporation, a holding company, provides banking and trust services for small and mid-size businesses, public agencies, local governments, corporations, and individuals in the Southeastern and Mid-Atlantic United States. The company operates through four segments: Community Banking Retail and Consumer Finance, Community Banking Commercial, Insurance Holdings, and Financial Services and Commercial Finance.

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

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