Equities analysts expect that Home Bancshares Inc (NASDAQ:HOMB) will announce $171.60 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Home Bancshares’ earnings, with the highest sales estimate coming in at $172.90 million and the lowest estimate coming in at $170.10 million. Home Bancshares reported sales of $164.26 million during the same quarter last year, which indicates a positive year over year growth rate of 4.5%. The firm is expected to report its next quarterly earnings report before the market opens on Thursday, January 17th.
According to Zacks, analysts expect that Home Bancshares will report full-year sales of $672.27 million for the current fiscal year, with estimates ranging from $670.20 million to $674.80 million. For the next fiscal year, analysts expect that the firm will report sales of $703.17 million, with estimates ranging from $694.80 million to $710.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Home Bancshares.
Home Bancshares (NASDAQ:HOMB) last posted its quarterly earnings results on Thursday, October 18th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.01. Home Bancshares had a return on equity of 12.73% and a net margin of 32.68%. The firm had revenue of $171.76 million during the quarter, compared to the consensus estimate of $171.67 million. During the same quarter in the previous year, the business earned $0.10 earnings per share.
Several analysts have issued reports on the company. BidaskClub upgraded Home Bancshares from a “strong sell” rating to a “sell” rating in a research note on Monday, January 7th. Zacks Investment Research lowered Home Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. ValuEngine raised Home Bancshares from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 10th. Finally, Piper Jaffray Companies set a $25.00 price target on Home Bancshares and gave the company a “buy” rating in a research note on Monday, November 26th. Three analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $25.50.
In other Home Bancshares news, insider Tracy French purchased 2,500 shares of the business’s stock in a transaction on Friday, October 19th. The stock was purchased at an average price of $19.25 per share, for a total transaction of $48,125.00. Following the completion of the purchase, the insider now directly owns 112,601 shares in the company, valued at $2,167,569.25. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.15% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the company. OppenheimerFunds Inc. acquired a new stake in shares of Home Bancshares in the second quarter valued at approximately $214,000. Nomura Holdings Inc. acquired a new position in shares of Home Bancshares during the 2nd quarter worth approximately $249,000. BB&T Securities LLC acquired a new position in shares of Home Bancshares during the 2nd quarter worth approximately $264,000. Virtu Financial LLC acquired a new position in shares of Home Bancshares during the 3rd quarter worth approximately $261,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Home Bancshares by 491.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 15,312 shares of the financial services provider’s stock worth $335,000 after purchasing an additional 12,722 shares in the last quarter. Institutional investors own 65.62% of the company’s stock.
Shares of NASDAQ:HOMB traded down $0.05 during trading on Friday, hitting $18.03. The company’s stock had a trading volume of 16,875 shares, compared to its average volume of 739,963. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.04 and a current ratio of 1.04. Home Bancshares has a fifty-two week low of $15.35 and a fifty-two week high of $25.38. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 13.44 and a beta of 1.22.
About Home Bancshares
Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, NOW, and money market accounts, as well as certificates of deposit.
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