Analysts Expect BB&T Co. (BBT) to Post $1.04 Earnings Per Share

Brokerages forecast that BB&T Co. (NYSE:BBT) will announce $1.04 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for BB&T’s earnings, with estimates ranging from $1.00 to $1.07. BB&T posted earnings per share of $0.82 in the same quarter last year, which would suggest a positive year over year growth rate of 26.8%. The company is scheduled to issue its next earnings report on Thursday, January 17th.

According to Zacks, analysts expect that BB&T will report full year earnings of $3.75 per share for the current financial year, with EPS estimates ranging from $1.13 to $4.07. For the next fiscal year, analysts forecast that the business will post earnings of $4.34 per share, with EPS estimates ranging from $4.12 to $4.50. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover BB&T.

BB&T (NYSE:BBT) last announced its quarterly earnings data on Thursday, October 18th. The insurance provider reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.01. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. BB&T had a return on equity of 11.66% and a net margin of 23.52%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share.

Several brokerages have recently commented on BBT. B. Riley set a $56.00 target price on BB&T and gave the company a “buy” rating in a report on Monday, October 15th. ValuEngine downgraded BB&T from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Zacks Investment Research downgraded BB&T from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $52.00 target price on shares of BB&T in a report on Friday, July 20th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $59.00 target price on shares of BB&T in a report on Thursday, July 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. BB&T has a consensus rating of “Buy” and a consensus price target of $55.50.

Shares of BB&T stock traded down $0.02 during trading on Thursday, hitting $50.13. The stock had a trading volume of 6,589,000 shares, compared to its average volume of 3,910,133. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.86. The firm has a market cap of $38.51 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 1.24 and a beta of 0.94. BB&T has a fifty-two week low of $45.73 and a fifty-two week high of $56.31.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Friday, November 9th will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, November 8th. BB&T’s payout ratio is 51.59%.

In related news, Director I. Patricia Henry sold 611 shares of the company’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $49.50, for a total transaction of $30,244.50. Following the transaction, the director now directly owns 4,375 shares of the company’s stock, valued at $216,562.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.51% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in BB&T by 18.0% during the second quarter. Bank of America Corp DE now owns 28,174,029 shares of the insurance provider’s stock valued at $1,421,098,000 after buying an additional 4,304,522 shares during the period. Bank of New York Mellon Corp raised its position in BB&T by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 10,461,296 shares of the insurance provider’s stock valued at $527,666,000 after buying an additional 547,692 shares during the period. American Century Companies Inc. raised its position in BB&T by 10.5% during the third quarter. American Century Companies Inc. now owns 9,054,595 shares of the insurance provider’s stock valued at $439,510,000 after buying an additional 861,733 shares during the period. Burgundy Asset Management Ltd. raised its position in BB&T by 1.4% during the second quarter. Burgundy Asset Management Ltd. now owns 8,401,213 shares of the insurance provider’s stock valued at $423,757,000 after buying an additional 114,817 shares during the period. Finally, Charles Schwab Investment Advisory Inc. acquired a new position in BB&T during the second quarter valued at $346,422,000. 64.96% of the stock is currently owned by hedge funds and other institutional investors.

BB&T Company Profile

BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.

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

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