Brokerages forecast that Fulton Financial Corp (NASDAQ:FULT) will report $217.85 million in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Fulton Financial’s earnings, with the highest sales estimate coming in at $221.00 million and the lowest estimate coming in at $214.20 million. Fulton Financial reported sales of $208.12 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.7%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, July 16th.

According to Zacks, analysts expect that Fulton Financial will report full year sales of $872.86 million for the current fiscal year, with estimates ranging from $857.60 million to $886.35 million. For the next fiscal year, analysts anticipate that the company will post sales of $897.47 million, with estimates ranging from $871.00 million to $921.41 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Fulton Financial.

Fulton Financial (NASDAQ:FULT) last issued its quarterly earnings results on Tuesday, April 16th. The bank reported $0.33 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.33. Fulton Financial had a net margin of 21.95% and a return on equity of 9.50%. The business had revenue of $210.00 million for the quarter, compared to analyst estimates of $212.93 million. During the same quarter in the prior year, the business posted $0.28 EPS. Fulton Financial’s revenue for the quarter was up 6.5% compared to the same quarter last year.

A number of research analysts have issued reports on the stock. BidaskClub upgraded shares of Fulton Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. ValuEngine upgraded shares of Fulton Financial from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. Boenning Scattergood restated a “hold” rating on shares of Fulton Financial in a research note on Wednesday, April 17th. Zacks Investment Research lowered shares of Fulton Financial from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Finally, DA Davidson restated a “neutral” rating on shares of Fulton Financial in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.88.

Fulton Financial stock traded down $0.06 during mid-day trading on Friday, reaching $16.08. 832,145 shares of the company traded hands, compared to its average volume of 857,750. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.46. Fulton Financial has a fifty-two week low of $14.38 and a fifty-two week high of $18.45. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 1.45 and a beta of 1.05.

In other news, insider David M. Campbell sold 5,160 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $17.00, for a total value of $87,720.00. Following the sale, the insider now owns 7,283 shares in the company, valued at $123,811. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Curtis J. Myers sold 6,500 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $17.03, for a total transaction of $110,695.00. The disclosure for this sale can be found here. Insiders sold 14,660 shares of company stock worth $249,145 in the last quarter. Company insiders own 1.02% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank increased its stake in shares of Fulton Financial by 25.3% in the first quarter. Toronto Dominion Bank now owns 3,167 shares of the bank’s stock worth $49,000 after acquiring an additional 639 shares during the period. ETF Managers Group LLC increased its stake in shares of Fulton Financial by 9.5% in the first quarter. ETF Managers Group LLC now owns 8,203 shares of the bank’s stock worth $127,000 after acquiring an additional 709 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Fulton Financial by 4.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,478 shares of the bank’s stock worth $255,000 after acquiring an additional 739 shares during the period. Creative Planning increased its stake in shares of Fulton Financial by 5.0% in the first quarter. Creative Planning now owns 16,423 shares of the bank’s stock worth $254,000 after acquiring an additional 776 shares during the period. Finally, Eagle Boston Investment Management Inc. increased its stake in shares of Fulton Financial by 1.2% in the first quarter. Eagle Boston Investment Management Inc. now owns 67,551 shares of the bank’s stock worth $1,045,000 after acquiring an additional 830 shares during the period. Hedge funds and other institutional investors own 64.92% of the company’s stock.

Fulton Financial Company Profile

Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers consumer loans, including home equity loans and lines of credit, automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial, financial, agricultural, and real estate loans.

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Earnings History and Estimates for Fulton Financial (NASDAQ:FULT)

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