$0.38 EPS Expected for Regions Financial Corp (RF) This Quarter

Wall Street brokerages forecast that Regions Financial Corp (NYSE:RF) will announce $0.38 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Twenty Five analysts have provided estimates for Regions Financial’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.35. Regions Financial reported earnings of $0.27 per share during the same quarter last year, which suggests a positive year over year growth rate of 40.7%. The firm is expected to report its next quarterly earnings results on Friday, January 18th.

According to Zacks, analysts expect that Regions Financial will report full-year earnings of $1.45 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.55. For the next financial year, analysts forecast that the business will post earnings of $1.59 per share, with EPS estimates ranging from $1.52 to $1.66. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Regions Financial.

Regions Financial (NYSE:RF) last issued its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.04). The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. Regions Financial had a net margin of 26.39% and a return on equity of 10.15%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 EPS.

RF has been the subject of several research analyst reports. B. Riley set a $20.00 price objective on Regions Financial and gave the company a “hold” rating in a research report on Monday, October 15th. Wedbush set a $22.00 price objective on Regions Financial and gave the company a “buy” rating in a research report on Friday, September 7th. Raymond James lowered their target price on Regions Financial from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, October 24th. Finally, Vining Sparks reissued a “buy” rating and issued a $22.00 target price on shares of Regions Financial in a research note on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. Regions Financial presently has a consensus rating of “Buy” and a consensus target price of $18.91.

Several institutional investors have recently made changes to their positions in RF. Principal Financial Group Inc. grew its stake in shares of Regions Financial by 61.9% during the first quarter. Principal Financial Group Inc. now owns 3,097,100 shares of the bank’s stock worth $57,544,000 after purchasing an additional 1,183,688 shares during the period. Dorsey Wright & Associates grew its stake in Regions Financial by 9.0% in the second quarter. Dorsey Wright & Associates now owns 163,956 shares of the bank’s stock valued at $2,915,000 after acquiring an additional 13,486 shares during the period. DnB Asset Management AS grew its stake in Regions Financial by 4.1% in the second quarter. DnB Asset Management AS now owns 142,314 shares of the bank’s stock valued at $2,530,000 after acquiring an additional 5,600 shares during the period. Clinton Group Inc. grew its stake in Regions Financial by 377.4% in the second quarter. Clinton Group Inc. now owns 129,103 shares of the bank’s stock valued at $2,295,000 after acquiring an additional 102,062 shares during the period. Finally, IFM Investors Pty Ltd grew its stake in Regions Financial by 34.5% in the second quarter. IFM Investors Pty Ltd now owns 56,190 shares of the bank’s stock valued at $999,000 after acquiring an additional 14,423 shares during the period. 73.85% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE RF traded down $0.43 during mid-day trading on Friday, reaching $17.24. 549,840 shares of the company traded hands, compared to its average volume of 16,448,323. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $19.45 billion, a price-to-earnings ratio of 17.28, a P/E/G ratio of 0.99 and a beta of 1.29. Regions Financial has a fifty-two week low of $15.06 and a fifty-two week high of $20.21.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 7th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.56 annualized dividend and a dividend yield of 3.25%. Regions Financial’s dividend payout ratio (DPR) is currently 56.00%.

Regions Financial Company Profile

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

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Earnings History and Estimates for Regions Financial (NYSE:RF)

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