Truist Financial (TFC) Scheduled to Post Earnings on Monday

Truist Financial (NYSE:TFC) is scheduled to be announcing its earnings results before the market opens on Monday, July 22nd. Analysts expect the company to announce earnings of $0.75 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Truist Financial (NYSE:TFC) last announced its quarterly earnings results on Monday, April 22nd. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. The business had revenue of $4.87 billion for the quarter, compared to the consensus estimate of $5.70 billion. Truist Financial had a positive return on equity of 9.15% and a negative net margin of 4.28%. The business’s revenue was down 8.8% compared to the same quarter last year. During the same period last year, the business posted $1.09 EPS. On average, analysts expect Truist Financial to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Truist Financial Trading Down 0.1 %

Shares of NYSE TFC opened at $42.41 on Friday. Truist Financial has a 1-year low of $26.57 and a 1-year high of $43.46. The business has a fifty day moving average price of $38.38 and a 200 day moving average price of $37.51. The stock has a market capitalization of $56.75 billion, a P/E ratio of -32.13, a price-to-earnings-growth ratio of 2.13 and a beta of 1.07. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.82 and a quick ratio of 0.82.

Truist Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 10th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.90%. The ex-dividend date was Thursday, May 9th. Truist Financial’s payout ratio is -157.58%.

Analyst Ratings Changes

Several research firms recently commented on TFC. StockNews.com lowered shares of Truist Financial from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. Wells Fargo & Company upped their price target on Truist Financial from $39.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. raised their price objective on Truist Financial from $39.50 to $40.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Keefe, Bruyette & Woods boosted their target price on Truist Financial from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $43.00 price target on shares of Truist Financial in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $43.28.

About Truist Financial

Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings.Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.