$364.50 Million in Sales Expected for Hilltop Holdings Inc. (HTH) This Quarter

Brokerages expect Hilltop Holdings Inc. (NYSE:HTH) to post $364.50 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Hilltop’s earnings. The highest sales estimate is $364.60 million and the lowest is $364.40 million. Hilltop reported sales of $363.54 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.3%. The firm is scheduled to announce its next earnings results on Tuesday, April 24th.

On average, analysts expect that Hilltop will report full year sales of $1.62 billion for the current year. For the next year, analysts expect that the firm will report sales of $1.70 billion per share, with estimates ranging from $1.69 billion to $1.71 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Hilltop.

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Hilltop (NYSE:HTH) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The firm had revenue of $399.15 million for the quarter, compared to analysts’ expectations of $390.05 million. Hilltop had a net margin of 7.74% and a return on equity of 8.46%.

Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Hilltop from a “sell” rating to a “hold” rating and set a $30.00 price objective on the stock in a research note on Wednesday, January 10th. Stephens cut shares of Hilltop from an “overweight” rating to an “equal weight” rating in a research note on Monday, January 29th. Finally, Piper Jaffray reaffirmed a “hold” rating and set a $30.00 price objective on shares of Hilltop in a research note on Sunday, January 28th. Four analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $34.38.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zions Bancorporation bought a new stake in shares of Hilltop during the third quarter valued at approximately $109,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Hilltop during the fourth quarter valued at approximately $202,000. Xact Kapitalforvaltning AB bought a new stake in shares of Hilltop during the fourth quarter valued at approximately $211,000. SG Americas Securities LLC grew its stake in shares of Hilltop by 81.4% during the third quarter. SG Americas Securities LLC now owns 10,142 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 4,550 shares during the last quarter. Finally, Ramsey Quantitative Systems bought a new stake in shares of Hilltop during the fourth quarter valued at approximately $287,000. 60.17% of the stock is currently owned by institutional investors and hedge funds.

Hilltop stock traded down $0.15 during trading hours on Thursday, hitting $23.57. 485,874 shares of the stock were exchanged, compared to its average volume of 301,945. The company has a current ratio of 1.01, a quick ratio of 0.85 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2,276.83, a price-to-earnings ratio of 14.20 and a beta of 1.12. Hilltop has a 12 month low of $21.47 and a 12 month high of $28.86.

Hilltop announced that its board has approved a stock buyback plan on Thursday, January 25th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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Hilltop Company Profile

Hilltop Holdings Inc provides banking and financial products and services. Its Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial, industrial, and single family residential mortgage loans.

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Earnings History and Estimates for Hilltop (NYSE:HTH)

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