Wells Fargo & Company (WFC) Scheduled to Post Quarterly Earnings on Friday

Wells Fargo & Company (NYSE:WFC) will be announcing its earnings results before the market opens on Friday, July 12th. Analysts expect the company to announce earnings of $1.25 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Wells Fargo & Company (NYSE:WFC) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.10. Wells Fargo & Company had a net margin of 15.63% and a return on equity of 12.30%. The business had revenue of $20.86 billion during the quarter, compared to analysts’ expectations of $20.19 billion. During the same period in the previous year, the company earned $1.23 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. On average, analysts expect Wells Fargo & Company to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Wells Fargo & Company Price Performance

Shares of WFC opened at $59.70 on Thursday. Wells Fargo & Company has a 1-year low of $38.38 and a 1-year high of $62.55. The stock has a market cap of $208.13 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.45 and a beta of 1.17. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.87 and a quick ratio of 0.86. The firm has a fifty day moving average price of $59.54 and a 200 day moving average price of $55.69.

Wells Fargo & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Friday, May 10th were issued a $0.35 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.35%. Wells Fargo & Company’s payout ratio is 29.23%.

Wall Street Analyst Weigh In

WFC has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Wells Fargo & Company from $63.00 to $64.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Oppenheimer reiterated a “market perform” rating on shares of Wells Fargo & Company in a research note on Monday, April 15th. Argus boosted their price target on shares of Wells Fargo & Company from $57.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Citigroup restated a “neutral” rating and set a $63.00 target price (up from $57.00) on shares of Wells Fargo & Company in a research report on Wednesday, March 20th. Finally, Evercore ISI upped their target price on shares of Wells Fargo & Company from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 25th. Thirteen analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $59.36.

Wells Fargo & Company Company Profile

Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.