Chemical Financial (CHFC) Set to Announce Quarterly Earnings on Wednesday

Chemical Financial (NASDAQ:CHFC) will issue its quarterly earnings data after the market closes on Wednesday, July 24th. Analysts expect the company to announce earnings of $1.01 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Chemical Financial (NASDAQ:CHFC) last posted its earnings results on Tuesday, April 23rd. The bank reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.03. The company had revenue of $187.68 million during the quarter, compared to analyst estimates of $202.40 million. Chemical Financial had a return on equity of 10.14% and a net margin of 29.14%. During the same period in the prior year, the company earned $0.97 earnings per share. On average, analysts expect Chemical Financial to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

NASDAQ:CHFC opened at $40.98 on Tuesday. Chemical Financial has a 52 week low of $34.62 and a 52 week high of $59.10. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 1.10 and a beta of 1.48. The company’s 50 day moving average is $40.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.89 and a quick ratio of 0.89.

A number of equities analysts recently issued reports on the company. Piper Jaffray Companies decreased their price objective on Apyx Medical to $7.00 and set an “overweight” rating for the company in a report on Wednesday, May 8th. FIG Partners raised Chemical Financial from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a report on Tuesday, March 26th. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. ValuEngine raised Vale from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th. Finally, BidaskClub raised Wintrust Financial from a “strong sell” rating to a “sell” rating in a report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $52.71.

In other news, VP Dennis L. Klaeser bought 10,018 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was purchased at an average cost of $39.15 per share, for a total transaction of $392,204.70. Following the completion of the transaction, the vice president now directly owns 59,431 shares of the company’s stock, valued at approximately $2,326,723.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas C. Shafer bought 6,380 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was purchased at an average price of $39.12 per share, with a total value of $249,585.60. Following the completion of the transaction, the insider now directly owns 31,555 shares of the company’s stock, valued at $1,234,431.60. The disclosure for this purchase can be found here. Insiders acquired 26,498 shares of company stock valued at $1,037,609 over the last 90 days. 1.00% of the stock is currently owned by insiders.

Chemical Financial Company Profile

Chemical Financial Corporation operates as a financial holding company of Chemical Bank that offers a range of banking and fiduciary products and services to residents and business customers. It offers business and personal checking accounts, savings and individual retirement accounts, time deposit instruments, electronically accessed banking products, residential and commercial real estate financing, commercial lending, consumer financing, debit cards, safe deposit box, money transfer, automated teller machines, insurance and investment products, corporate and personal wealth management, and mortgage banking and other banking services.

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Earnings History for Chemical Financial (NASDAQ:CHFC)

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