Truist Financial (NYSE:TFC – Get Free Report) announced its quarterly earnings data on Monday. The insurance provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.84 by $0.07, RTT News reports. Truist Financial had a negative net margin of 5.63% and a positive return on equity of 9.18%. The firm had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $4.83 billion. During the same quarter last year, the business earned $0.95 earnings per share. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. Truist Financial updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.
Truist Financial Stock Up 0.9 %
Shares of NYSE:TFC opened at $44.18 on Wednesday. The stock has a 50-day simple moving average of $38.57 and a 200-day simple moving average of $37.62. The stock has a market capitalization of $59.12 billion, a P/E ratio of -33.47, a PEG ratio of 2.15 and a beta of 1.07. Truist Financial has a 1 year low of $26.57 and a 1 year high of $44.38. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 0.86.
Truist Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.71%. Truist Financial’s dividend payout ratio (DPR) is -157.58%.
Analyst Ratings Changes
View Our Latest Stock Report on Truist Financial
Truist Financial Company Profile
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.
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