BB&T Co. (NYSE:BBT) Expected to Post Earnings of $1.10 Per Share

Equities research analysts expect BB&T Co. (NYSE:BBT) to report earnings of $1.10 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for BB&T’s earnings, with the highest EPS estimate coming in at $1.14 and the lowest estimate coming in at $1.03. BB&T posted earnings of $1.01 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.9%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, July 18th.

According to Zacks, analysts expect that BB&T will report full year earnings of $4.28 per share for the current fiscal year, with EPS estimates ranging from $4.22 to $4.35. For the next year, analysts forecast that the company will post earnings of $4.73 per share, with EPS estimates ranging from $4.45 to $4.91. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for BB&T.

BB&T (NYSE:BBT) last posted its earnings results on Thursday, April 18th. The insurance provider reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.02. BB&T had a return on equity of 12.16% and a net margin of 23.68%. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis.

BBT has been the topic of several recent research reports. Odeon Capital Group initiated coverage on BB&T in a research note on Friday, March 8th. They issued a “buy” rating on the stock. Morgan Stanley dropped their price target on BB&T from $56.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Monday, April 22nd. Stephens downgraded BB&T from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 6th. Deutsche Bank downgraded BB&T from a “buy” rating to a “hold” rating and set a $45.39 price target on the stock. in a research note on Tuesday, March 26th. Finally, Raymond James downgraded BB&T from an “outperform” rating to a “market perform” rating and set a $48.49 price target on the stock. in a research note on Thursday, April 4th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. BB&T presently has an average rating of “Hold” and an average price target of $53.49.

In other BB&T news, insider Donta L. Wilson sold 3,418 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $49.16, for a total transaction of $168,028.88. Following the transaction, the insider now owns 14,911 shares of the company’s stock, valued at $733,024.76. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Louis B. Lynn sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $48.33, for a total value of $120,825.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,569 shares of company stock worth $419,336. 0.49% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in BB&T by 10.7% during the first quarter. BlackRock Inc. now owns 59,338,587 shares of the insurance provider’s stock worth $2,761,026,000 after buying an additional 5,759,090 shares during the last quarter. Vanguard Group Inc increased its position in BB&T by 1.6% during the third quarter. Vanguard Group Inc now owns 59,282,776 shares of the insurance provider’s stock worth $2,877,586,000 after buying an additional 939,154 shares during the last quarter. Macquarie Group Ltd. increased its position in BB&T by 1.1% during the fourth quarter. Macquarie Group Ltd. now owns 14,568,592 shares of the insurance provider’s stock worth $631,112,000 after buying an additional 162,458 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of BB&T by 1.5% during the first quarter. Northern Trust Corp now owns 11,293,602 shares of the insurance provider’s stock worth $525,492,000 after acquiring an additional 163,933 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of BB&T by 6.8% during the fourth quarter. Geode Capital Management LLC now owns 9,220,118 shares of the insurance provider’s stock worth $398,655,000 after acquiring an additional 590,366 shares during the period. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BBT traded down $0.25 during midday trading on Wednesday, hitting $48.08. The stock had a trading volume of 3,721,027 shares, compared to its average volume of 5,384,114. The firm has a 50 day moving average of $48.71. BB&T has a twelve month low of $40.68 and a twelve month high of $53.08. The firm has a market capitalization of $37.04 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 1.20 and a beta of 1.16. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.89.

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date was Tuesday, May 14th. BB&T’s dividend payout ratio is currently 40.00%.

BB&T Company Profile

BB&T Corporation, a holding company, provides banking and trust services for small and mid-size businesses, public agencies, local governments, corporations, and individuals in the Southeastern and Mid-Atlantic United States. The company operates through four segments: Community Banking Retail and Consumer Finance, Community Banking Commercial, Insurance Holdings, and Financial Services and Commercial Finance.

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Earnings History and Estimates for BB&T (NYSE:BBT)

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