Home Bancshares Inc (NASDAQ:HOMB) Expected to Announce Quarterly Sales of $166.83 Million
Equities research analysts expect that Home Bancshares Inc (NASDAQ:HOMB) will announce sales of $166.83 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Home Bancshares’ earnings, with the lowest sales estimate coming in at $165.60 million and the highest estimate coming in at $169.00 million. Home Bancshares posted sales of $166.29 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.3%. The firm is scheduled to report its next earnings results before the market opens on Thursday, July 18th.
According to Zacks, analysts expect that Home Bancshares will report full-year sales of $673.55 million for the current financial year, with estimates ranging from $669.90 million to $677.20 million. For the next fiscal year, analysts expect that the firm will post sales of $693.70 million, with estimates ranging from $673.70 million to $712.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Home Bancshares.
Home Bancshares (NASDAQ:HOMB) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Home Bancshares had a return on equity of 12.95% and a net margin of 37.12%. During the same quarter last year, the company earned $0.44 EPS.
In other Home Bancshares news, insider Russell Davis Carter III sold 3,333 shares of Home Bancshares stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $18.20, for a total value of $60,660.60. Following the transaction, the insider now owns 16,259 shares in the company, valued at $295,913.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.70% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of HOMB. Horan Capital Advisors LLC. purchased a new stake in shares of Home Bancshares during the first quarter worth about $26,000. AlphaOne Investment Services LLC purchased a new stake in shares of Home Bancshares during the first quarter worth about $41,000. Advisory Alpha LLC purchased a new stake in shares of Home Bancshares during the first quarter worth about $46,000. Royce & Associates LP purchased a new stake in shares of Home Bancshares during the first quarter worth about $49,000. Finally, Bessemer Group Inc. grew its stake in shares of Home Bancshares by 22.7% during the fourth quarter. Bessemer Group Inc. now owns 3,650 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 675 shares during the last quarter. Institutional investors and hedge funds own 65.78% of the company’s stock.
Shares of Home Bancshares stock traded up $0.31 during trading on Friday, hitting $19.15. 955,816 shares of the stock traded hands, compared to its average volume of 754,586. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 10.94 and a beta of 1.19. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.62. Home Bancshares has a 52-week low of $15.35 and a 52-week high of $24.56. The firm’s fifty day moving average is $18.84.
About Home Bancshares
Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, NOW, demand, and money market accounts, as well as certificates of deposit.
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