Jefferies Group Comments on TCF Financial Corporation’s FY2019 Earnings (TCF)

TCF Financial Corporation (NYSE:TCF) – Equities researchers at Jefferies Group issued their FY2019 earnings per share (EPS) estimates for shares of TCF Financial Corporation in a report issued on Monday. Jefferies Group analyst C. Haire expects that the company will earn $1.41 per share for the year.

TCF Financial Corporation (NYSE:TCF) last issued its quarterly earnings data on Monday, July 24th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $341.80 million during the quarter, compared to the consensus estimate of $336.12 million. TCF Financial Corporation had a net margin of 15.13% and a return on equity of 9.59%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 earnings per share. COPYRIGHT VIOLATION WARNING: “Jefferies Group Comments on TCF Financial Corporation’s FY2019 Earnings (TCF)” was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://sportsperspectives.com/2017/10/11/jefferies-group-comments-on-tcf-financial-corporations-fy2019-earnings-tcf.html.

TCF has been the subject of a number of other reports. BMO Capital Markets reaffirmed a “hold” rating and set a $18.00 price target on shares of TCF Financial Corporation in a research note on Friday, September 1st. JMP Securities started coverage on shares of TCF Financial Corporation in a report on Thursday, August 31st. They set a “market perform” rating for the company. Wedbush started coverage on shares of TCF Financial Corporation in a report on Wednesday, June 28th. They set an “underperform” rating and a $14.00 price objective for the company. Zacks Investment Research upgraded shares of TCF Financial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Piper Jaffray Companies set a $17.00 price objective on shares of TCF Financial Corporation and gave the company a “hold” rating in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $17.00.

Shares of TCF Financial Corporation (NYSE TCF) traded down 0.41% during trading on Tuesday, hitting $17.16. 382,573 shares of the stock traded hands. The firm’s 50-day moving average price is $16.09 and its 200-day moving average price is $16.01. TCF Financial Corporation has a 12 month low of $13.73 and a 12 month high of $20.03. The stock has a market cap of $2.89 billion, a PE ratio of 14.87 and a beta of 1.25.

In related news, Director Barry N. Winslow acquired 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was bought at an average price of $25.00 per share, for a total transaction of $300,000.00. Following the acquisition, the director now directly owns 2,365 shares of the company’s stock, valued at approximately $59,125. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.50% of the company’s stock.

About TCF Financial Corporation

TCF Financial Corporation (TCF) is a bank holding company. The Company’s principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Consumer Banking, Wholesale Banking and Enterprise Services. Consumer Banking comprises all of the Company’s consumer-facing businesses.

Earnings History and Estimates for TCF Financial Corporation (NYSE:TCF)

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