Truist Financial (TFC) to Release Quarterly Earnings on Monday

Truist Financial (NYSE:TFC) will be announcing its earnings results before the market opens on Monday, July 22nd. Analysts expect the company to announce earnings of $0.75 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Truist Financial (NYSE:TFC) last announced its quarterly earnings results on Monday, April 22nd. The insurance provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. The firm had revenue of $4.87 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Truist Financial had a negative net margin of 4.28% and a positive return on equity of 9.15%. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.09 earnings per share. On average, analysts expect Truist Financial to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Truist Financial Stock Performance

Shares of TFC stock opened at $40.51 on Monday. The stock has a market cap of $54.21 billion, a P/E ratio of -30.69, a P/E/G ratio of 2.03 and a beta of 1.07. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.82 and a quick ratio of 0.82. The company has a fifty day moving average price of $38.08 and a two-hundred day moving average price of $37.33. Truist Financial has a one year low of $26.57 and a one year high of $40.81.

Truist Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 10th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend was Thursday, May 9th. Truist Financial’s payout ratio is presently -157.58%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Compass Point raised shares of Truist Financial from a “neutral” rating to a “buy” rating and increased their price objective for the company from $34.00 to $42.00 in a research report on Tuesday, April 23rd. Keefe, Bruyette & Woods increased their price objective on shares of Truist Financial from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Stephens increased their price objective on shares of Truist Financial from $43.00 to $47.00 and gave the company an “overweight” rating in a research report on Thursday, May 16th. StockNews.com lowered shares of Truist Financial from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Truist Financial from $39.50 to $40.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Truist Financial has an average rating of “Moderate Buy” and a consensus price target of $43.17.

Truist Financial Company Profile

Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings.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.