Equities analysts expect SunTrust Banks, Inc. (NYSE:STI) to report earnings of $1.31 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for SunTrust Banks’ earnings. The lowest EPS estimate is $1.23 and the highest is $1.40. SunTrust Banks posted earnings per share of $1.29 during the same quarter last year, which would suggest a positive year over year growth rate of 1.6%. The company is expected to issue its next earnings results on Friday, April 19th.
On average, analysts expect that SunTrust Banks will report full-year earnings of $5.86 per share for the current year, with EPS estimates ranging from $5.75 to $6.00. For the next year, analysts expect that the business will post earnings of $6.25 per share, with EPS estimates ranging from $5.96 to $6.50. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow SunTrust Banks.
SunTrust Banks (NYSE:STI) last announced its quarterly earnings data on Friday, January 18th. The financial services provider reported $1.50 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.10. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.37 billion. SunTrust Banks had a net margin of 26.61% and a return on equity of 12.40%. SunTrust Banks’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 EPS.
A number of brokerages have commented on STI. Edward Jones upgraded shares of SunTrust Banks from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. ValuEngine lowered shares of SunTrust Banks from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. B. Riley set a $79.00 price objective on shares of SunTrust Banks and gave the company a “buy” rating in a research note on Monday, October 15th. Robert W. Baird lowered shares of SunTrust Banks from an “outperform” rating to a “neutral” rating and set a $61.90 price objective on the stock. in a research note on Monday, January 28th. Finally, BMO Capital Markets dropped their price objective on shares of SunTrust Banks from $74.00 to $70.00 and set a “market perform” rating on the stock in a research note on Monday, October 22nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $72.45.
SunTrust Banks stock traded down $0.68 during trading hours on Friday, reaching $58.46. 86,491 shares of the stock were exchanged, compared to its average volume of 4,779,967. The company has a market cap of $26.57 billion, a P/E ratio of 10.26, a PEG ratio of 1.22 and a beta of 1.51. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.94 and a current ratio of 0.95. SunTrust Banks has a 52-week low of $46.05 and a 52-week high of $75.08.
Several hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in shares of SunTrust Banks by 3,356.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,456 shares of the financial services provider’s stock valued at $228,000 after acquiring an additional 3,356 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of SunTrust Banks by 319.0% during the second quarter. Advisors Asset Management Inc. now owns 38,164 shares of the financial services provider’s stock worth $2,520,000 after purchasing an additional 29,055 shares during the last quarter. United Services Automobile Association boosted its holdings in SunTrust Banks by 51.7% in the second quarter. United Services Automobile Association now owns 224,958 shares of the financial services provider’s stock valued at $14,852,000 after acquiring an additional 76,688 shares during the last quarter. CENTRAL TRUST Co lifted its stake in SunTrust Banks by 6.0% in the third quarter. CENTRAL TRUST Co now owns 72,216 shares of the financial services provider’s stock valued at $4,823,000 after buying an additional 4,076 shares during the period. Finally, Copper Rock Capital Partners LLC raised its position in shares of SunTrust Banks by 10.9% during the third quarter. Copper Rock Capital Partners LLC now owns 145,302 shares of the financial services provider’s stock worth $9,769,000 after purchasing an additional 14,316 shares during the period. 82.53% of the stock is owned by institutional investors and hedge funds.
SunTrust Banks Company Profile
SunTrust Banks, Inc operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, and institutions in the United States. It operates through two segments, Consumer and Wholesale. The Consumer segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; professional investment advisory products and services; and trust services, as well as family office solutions.
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