Hancock Whitney Corp (HWC) Expected to Post Quarterly Sales of $296.14 Million

Wall Street analysts expect Hancock Whitney Corp (NYSE:HWC) to post sales of $296.14 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Hancock Whitney’s earnings. The highest sales estimate is $297.60 million and the lowest is $292.10 million. Hancock Whitney reported sales of $280.38 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.6%. The company is scheduled to report its next earnings results on Tuesday, July 16th.

On average, analysts expect that Hancock Whitney will report full-year sales of $1.20 billion for the current year, with estimates ranging from $1.18 billion to $1.21 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.24 billion, with estimates ranging from $1.22 billion to $1.27 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Hancock Whitney.

Hancock Whitney (NYSE:HWC) last announced its quarterly earnings data on Tuesday, April 16th. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.02. The company had revenue of $293.58 million during the quarter, compared to analyst estimates of $294.63 million. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year.



Several analysts recently commented on the stock. Raymond James cut shares of Hancock Whitney from a “strong-buy” rating to an “outperform” rating in a research note on Monday, January 7th. Hovde Group reiterated an “outperform” rating and issued a $48.00 price objective (up previously from $45.00) on shares of Hancock Whitney in a research note on Friday, January 18th. Stephens restated a “buy” rating and set a $52.00 target price on shares of Hancock Whitney in a research report on Thursday, January 17th. Zacks Investment Research cut shares of Hancock Whitney from a “buy” rating to a “sell” rating in a research report on Wednesday, April 3rd. Finally, FIG Partners upgraded shares of Hancock Whitney from a “market-perform” rating to an “outperform” rating in a research report on Thursday, January 17th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $52.00.

Shares of NYSE HWC traded up $1.33 during midday trading on Thursday, hitting $43.02. The company had a trading volume of 293,283 shares, compared to its average volume of 474,712. Hancock Whitney has a twelve month low of $32.59 and a twelve month high of $55.00.

Institutional investors and hedge funds have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund acquired a new position in Hancock Whitney during the fourth quarter worth about $34,000. Toronto Dominion Bank acquired a new position in Hancock Whitney during the fourth quarter worth about $47,000. FMR LLC acquired a new position in Hancock Whitney during the fourth quarter worth about $47,000. Synovus Financial Corp acquired a new position in Hancock Whitney during the fourth quarter worth about $58,000. Finally, Quantamental Technologies LLC acquired a new position in Hancock Whitney during the fourth quarter worth about $80,000.

About Hancock Whitney

Hancock Whitney Corp. is a bank holding company, which engages in the provision of financial services. It also offers trust and investment management services to retirement plans, corporations, and individuals; and brokerage services, annuity products, and life insurance, general insurance agency services, including life and title insurance, consumer financing service.

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Earnings History and Estimates for Hancock Whitney (NYSE:HWC)

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