People's United Financial (PBCT) Scheduled to Post Quarterly Earnings on Wednesday
People's United Financial (NASDAQ:PBCT) is set to announce its earnings results after the market closes on Wednesday, April 18th. Analysts expect the company to announce earnings of $0.30 per share for the quarter.
People's United Financial (NASDAQ:PBCT) last announced its quarterly earnings data on Thursday, January 18th. The bank reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.04. People's United Financial had a net margin of 20.37% and a return on equity of 6.69%. The business had revenue of $379.60 million for the quarter, compared to analyst estimates of $392.70 million. During the same period last year, the business earned $0.25 EPS. On average, analysts expect People's United Financial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of PBCT opened at $18.70 on Tuesday. People's United Financial has a twelve month low of $15.97 and a twelve month high of $20.26. The firm has a market capitalization of $6,445.87, a PE ratio of 17.98, a PEG ratio of 7.19 and a beta of 0.88. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.66.
A number of brokerages have recently weighed in on PBCT. Zacks Investment Research lowered shares of People's United Financial from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. ValuEngine upgraded shares of People's United Financial from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. BidaskClub lowered shares of People's United Financial from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. UBS began coverage on shares of People's United Financial in a report on Thursday, March 22nd. They issued a “neutral” rating and a $21.00 price objective on the stock. Finally, Sandler O’Neill set a $21.00 price objective on shares of People's United Financial and gave the company a “hold” rating in a report on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $19.97.
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People's United Financial Company Profile
People’s United Financial, Inc is a bank holding company and a financial holding company of People’s United Bank (the Bank). The Bank is engaged in providing commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. The Company operates through two segments: Commercial Banking and Retail Banking.
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