BB&T Co. (BBT) to Post Q3 2018 Earnings of $1.00 Per Share, Jefferies Financial Group Forecasts

BB&T Co. (NYSE:BBT) – Jefferies Financial Group boosted their Q3 2018 EPS estimates for shares of BB&T in a research note issued to investors on Monday, October 8th. Jefferies Financial Group analyst K. Usdin now forecasts that the insurance provider will earn $1.00 per share for the quarter, up from their previous estimate of $0.99. Jefferies Financial Group also issued estimates for BB&T’s FY2018 earnings at $4.03 EPS and FY2020 earnings at $4.55 EPS.

BB&T (NYSE:BBT) last posted its quarterly earnings data on Thursday, July 19th. The insurance provider reported $0.99 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.02). BB&T had a return on equity of 11.02% and a net margin of 22.53%. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the prior year, the company earned $0.77 EPS. The company’s revenue for the quarter was up .8% compared to the same quarter last year.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of BB&T from a “buy” rating to a “hold” rating in a research report on Friday. ValuEngine cut shares of BB&T from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Stephens reaffirmed a “buy” rating and set a $59.00 price objective on shares of BB&T in a research report on Friday, July 20th. FIG Partners cut shares of BB&T from an “outperform” rating to a “market perform” rating in a research report on Friday, July 20th. Finally, B. Riley cut their price objective on shares of BB&T from $59.00 to $56.00 and set a “buy” rating for the company in a research report on Friday, July 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the company’s stock. BB&T currently has a consensus rating of “Buy” and an average price target of $54.58.

BBT opened at $49.74 on Tuesday. BB&T has a twelve month low of $44.62 and a twelve month high of $56.31. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $37.59 billion, a P/E ratio of 15.84, a PEG ratio of 1.04 and a beta of 1.05.

A number of hedge funds and other institutional investors have recently modified their holdings of BBT. IMA Wealth Inc. acquired a new position in shares of BB&T in the second quarter valued at approximately $116,000. First PREMIER Bank increased its stake in shares of BB&T by 64.9% in the second quarter. First PREMIER Bank now owns 2,540 shares of the insurance provider’s stock valued at $128,000 after buying an additional 1,000 shares during the period. First Republic Investment Management Inc. increased its stake in shares of BB&T by 65.1% in the first quarter. First Republic Investment Management Inc. now owns 192,950 shares of the insurance provider’s stock valued at $141,000 after buying an additional 76,093 shares during the period. Ostrum Asset Management acquired a new position in shares of BB&T in the first quarter valued at approximately $143,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in shares of BB&T in the first quarter valued at approximately $155,000. 64.65% of the stock is owned by hedge funds and other institutional investors.

In other BB&T news, insider Donta L. Wilson sold 3,018 shares of the business’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $51.55, for a total transaction of $155,577.90. Following the completion of the transaction, the insider now owns 14,911 shares of the company’s stock, valued at $768,662.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.51% of the stock is currently owned by insiders.

BB&T Company Profile

BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. 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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Earnings History and Estimates for BB&T (NYSE:BBT)

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