Truist Financial (TFC) Expected to Announce Quarterly Earnings on Thursday

Truist Financial (NYSE:TFC) is projected to announce its earnings results before the market opens on Thursday, April 17th. Analysts expect the company to announce earnings of $0.87 per share and revenue of $4.99 billion for the quarter. Truist Financial has set its Q1 2025 guidance at EPS and its FY 2025 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Truist Financial (NYSE:TFC) last released its earnings results on Friday, January 17th. The insurance provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $5.05 billion. Truist Financial had a return on equity of 9.32% and a net margin of 15.59%. Truist Financial’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business posted $0.81 earnings per share. On average, analysts expect Truist Financial to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Truist Financial Price Performance

TFC stock opened at $36.49 on Wednesday. The business’s 50-day moving average is $41.90 and its two-hundred day moving average is $43.92. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market capitalization of $47.63 billion, a P/E ratio of 10.96, a P/E/G ratio of 1.63 and a beta of 0.91. Truist Financial has a 1 year low of $33.56 and a 1 year high of $49.06.

Truist Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Friday, February 14th were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.08 annualized dividend and a yield of 5.70%. Truist Financial’s dividend payout ratio (DPR) is 62.46%.

Wall Street Analysts Forecast Growth

TFC has been the topic of a number of recent analyst reports. Baird R W raised shares of Truist Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Robert W. Baird raised Truist Financial from a “neutral” rating to an “outperform” rating and increased their target price for the company from $48.00 to $52.00 in a report on Wednesday, March 5th. Wells Fargo & Company decreased their price target on Truist Financial from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, March 28th. JPMorgan Chase & Co. dropped their price objective on Truist Financial from $48.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Finally, Morgan Stanley decreased their target price on Truist Financial from $50.00 to $43.00 and set an “equal weight” rating for the company in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $50.22.

Hedge Funds Weigh In On Truist Financial

An institutional investor recently raised its position in Truist Financial stock. Brighton Jones LLC raised its stake in Truist Financial Co. (NYSE:TFC) by 148.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,581 shares of the insurance provider’s stock after purchasing an additional 14,093 shares during the quarter. Brighton Jones LLC’s holdings in Truist Financial were worth $1,023,000 at the end of the most recent reporting period. 71.28% of the stock is currently owned by institutional investors and hedge funds.

About Truist Financial

Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings.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.