Trustmark (TRMK) Scheduled to Post Earnings on Tuesday

Trustmark (NASDAQ:TRMK) is scheduled to post its quarterly earnings results after the market closes on Tuesday, October 22nd. Analysts expect Trustmark to post earnings of $0.62 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Trustmark (NASDAQ:TRMK) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.08. Trustmark had a return on equity of 9.28% and a net margin of 21.20%. The firm had revenue of $157.40 million for the quarter, compared to analyst estimates of $156.35 million. During the same period last year, the company earned $0.59 earnings per share. On average, analysts expect Trustmark to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NASDAQ TRMK opened at $34.55 on Friday. Trustmark has a 1-year low of $26.84 and a 1-year high of $36.63. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.84 and a quick ratio of 0.82. The business’s fifty day moving average price is $33.74 and its two-hundred day moving average price is $33.74. The firm has a market capitalization of $2.21 billion, a PE ratio of 15.63 and a beta of 1.10.

Several equities research analysts have weighed in on the company. BidaskClub lowered Trustmark from a “hold” rating to a “sell” rating in a research report on Friday. ValuEngine lowered Trustmark from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Zacks Investment Research raised Trustmark from a “sell” rating to a “hold” rating in a research report on Friday. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Trustmark has an average rating of “Sell” and a consensus price target of $34.00.

In other news, insider Breck W. Tyler sold 19,398 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $33.70, for a total transaction of $653,712.60. Following the transaction, the insider now directly owns 23,656 shares of the company’s stock, valued at $797,207.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.

About Trustmark

Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; financing for commercial and industrial projects, income producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit.

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Earnings History for Trustmark (NASDAQ:TRMK)

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