Huntington Bancshares (HBAN) Scheduled to Post Earnings on Tuesday
Huntington Bancshares (NASDAQ:HBAN) is set to post its quarterly earnings results before the market opens on Tuesday, April 24th. Analysts expect Huntington Bancshares to post earnings of $0.28 per share for the quarter.
Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.26 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.26. Huntington Bancshares had a return on equity of 12.12% and a net margin of 25.02%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company earned $0.18 earnings per share. On average, analysts expect Huntington Bancshares to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NASDAQ:HBAN opened at $14.67 on Tuesday. Huntington Bancshares has a 12 month low of $12.14 and a 12 month high of $16.60. The company has a market cap of $16,160.25, a P/E ratio of 14.97, a PEG ratio of 1.02 and a beta of 1.33. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.94.
Several equities research analysts recently commented on the company. Zacks Investment Research cut Huntington Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, April 5th. JPMorgan Chase boosted their target price on Huntington Bancshares from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. ValuEngine cut Huntington Bancshares from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $16.25 price target on shares of Huntington Bancshares in a report on Friday, December 22nd. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $18.00 price target on shares of Huntington Bancshares in a report on Wednesday, January 24th. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $16.98.
About Huntington Bancshares
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company's Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans; and investments, mortgages, insurance, interest rate risk protection, and foreign exchange and treasury management services.
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