Zacks: Brokerages Anticipate BB&T Co. (NYSE:BBT) Will Announce Earnings of $1.03 Per Share

Brokerages forecast that BB&T Co. (NYSE:BBT) will post earnings per share of $1.03 for the current quarter, according to Zacks. Six analysts have issued estimates for BB&T’s earnings. The highest EPS estimate is $1.06 and the lowest is $0.94. BB&T also posted earnings per share of $1.03 during the same quarter last year. The company is expected to report its next earnings report on Thursday, October 17th.

According to Zacks, analysts expect that BB&T will report full year earnings of $4.14 per share for the current financial year, with EPS estimates ranging from $4.08 to $4.18. For the next fiscal year, analysts expect that the firm will post earnings of $4.43 per share, with EPS estimates ranging from $3.77 to $4.80. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that follow BB&T.

BB&T (NYSE:BBT) last announced its quarterly earnings data on Thursday, July 18th. The insurance provider reported $1.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.04. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.01 billion. BB&T had a return on equity of 12.16% and a net margin of 23.68%. BB&T’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.01 earnings per share.



BBT has been the subject of several research analyst reports. Morgan Stanley lowered Silicon Motion Technology from an “equal weight” rating to an “underweight” rating in a report on Monday, April 22nd. Raymond James reissued a “buy” rating on shares of Teck Resources in a report on Thursday, April 4th. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. initiated coverage on Pinduoduo in a report on Tuesday, July 9th. They issued an “underweight” rating and a $20.48 price objective for the company. Finally, UBS Group boosted their price objective on Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $53.22.

BB&T stock traded down $0.38 during midday trading on Friday, hitting $50.65. The stock had a trading volume of 4,902,928 shares, compared to its average volume of 5,278,023. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.87 and a current ratio of 0.88. The company has a market capitalization of $39.08 billion, a PE ratio of 12.51, a P/E/G ratio of 1.26 and a beta of 1.13. BB&T has a 12 month low of $40.68 and a 12 month high of $53.08. The business’s fifty day moving average is $49.22.

In other BB&T news, Director Louis B. Lynn sold 2,500 shares of BB&T stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $48.33, for a total value of $120,825.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Cynthia B. Powell sold 2,651 shares of BB&T stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $49.22, for a total value of $130,482.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,569 shares of company stock valued at $419,336. 0.49% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its position in shares of BB&T by 10.7% during the first quarter. BlackRock Inc. now owns 59,338,587 shares of the insurance provider’s stock worth $2,761,026,000 after buying an additional 5,759,090 shares during the period. Macquarie Group Ltd. boosted its position in shares of BB&T by 1.1% during the fourth quarter. Macquarie Group Ltd. now owns 14,568,592 shares of the insurance provider’s stock worth $631,112,000 after buying an additional 162,458 shares during the period. Northern Trust Corp boosted its position in shares of BB&T by 1.5% during the first quarter. Northern Trust Corp now owns 11,293,602 shares of the insurance provider’s stock worth $525,492,000 after buying an additional 163,933 shares during the period. Geode Capital Management LLC boosted its position in shares of BB&T by 6.8% during the fourth quarter. Geode Capital Management LLC now owns 9,220,118 shares of the insurance provider’s stock worth $398,655,000 after buying an additional 590,366 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of BB&T by 0.6% during the first quarter. American Century Companies Inc. now owns 9,180,892 shares of the insurance provider’s stock worth $427,187,000 after buying an additional 55,869 shares during the period. Institutional investors own 68.05% of the company’s stock.

About BB&T

BB&T Corporation, a holding company, provides banking and trust services for small and mid-size businesses, public agencies, local governments, corporations, and individuals in the Southeastern and Mid-Atlantic United States. The company operates through four segments: Community Banking Retail and Consumer Finance, Community Banking Commercial, Insurance Holdings, and Financial Services and Commercial Finance.

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Earnings History and Estimates for BB&T (NYSE:BBT)

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