Regions Financial (RF) to Release Quarterly Earnings on Friday

Regions Financial (NYSE:RF) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, October 18th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Regions Financial (NYSE:RF) last issued its earnings results on Friday, July 19th. The bank reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.76 billion. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The business’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. On average, analysts expect Regions Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Regions Financial Price Performance

Shares of NYSE:RF opened at $23.76 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.33. Regions Financial has a 52 week low of $13.72 and a 52 week high of $24.33. The company has a market cap of $21.76 billion, a P/E ratio of 12.91, a PEG ratio of 2.80 and a beta of 1.17. The company has a 50-day moving average price of $22.45 and a 200 day moving average price of $20.81.

Analyst Ratings Changes

A number of analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Regions Financial from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Truist Financial upped their price target on Regions Financial from $23.00 to $25.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Keefe, Bruyette & Woods reduced their price objective on Regions Financial from $22.00 to $21.00 and set a “market perform” rating for the company in a report on Tuesday, July 9th. Bank of America boosted their target price on Regions Financial from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Finally, Morgan Stanley raised their price target on Regions Financial from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.86.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.