Analysts Anticipate Regions Financial Corp (RF) Will Announce Earnings of $0.38 Per Share

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Wall Street analysts forecast that Regions Financial Corp (NYSE:RF) will post $0.38 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Twenty Five analysts have provided estimates for Regions Financial’s earnings. The lowest EPS estimate is $0.35 and the highest is $0.40. Regions Financial reported earnings of $0.27 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 40.7%. The business is scheduled to report its next quarterly earnings report on Friday, January 18th.

On average, analysts expect that Regions Financial will report full-year earnings of $1.44 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.55. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.59 per share, with EPS estimates ranging from $1.52 to $1.66. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Regions Financial.

Regions Financial (NYSE:RF) last announced its earnings results on Tuesday, October 23rd. The bank reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.04). The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. Regions Financial had a return on equity of 10.15% and a net margin of 26.39%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 earnings per share.

RF has been the topic of several recent research reports. Wedbush set a $22.00 target price on Regions Financial and gave the stock a “buy” rating in a report on Friday, September 7th. Vining Sparks reaffirmed a “buy” rating and set a $22.00 target price on shares of Regions Financial in a report on Tuesday, October 9th. B. Riley set a $20.00 target price on Regions Financial and gave the stock a “hold” rating in a report on Monday, October 15th. Finally, Raymond James cut their target price on Regions Financial from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Regions Financial presently has an average rating of “Buy” and an average price target of $18.91.

Several large investors have recently made changes to their positions in RF. Principal Financial Group Inc. lifted its stake in shares of Regions Financial by 61.9% in the 1st quarter. Principal Financial Group Inc. now owns 3,097,100 shares of the bank’s stock valued at $57,544,000 after purchasing an additional 1,183,688 shares during the period. Dorsey Wright & Associates lifted its stake in shares of Regions Financial by 9.0% in the 2nd quarter. Dorsey Wright & Associates now owns 163,956 shares of the bank’s stock valued at $2,915,000 after purchasing an additional 13,486 shares during the period. DnB Asset Management AS lifted its stake in shares of Regions Financial by 4.1% in the 2nd quarter. DnB Asset Management AS now owns 142,314 shares of the bank’s stock valued at $2,530,000 after purchasing an additional 5,600 shares during the period. Clinton Group Inc. lifted its stake in shares of Regions Financial by 377.4% in the 2nd quarter. Clinton Group Inc. now owns 129,103 shares of the bank’s stock valued at $2,295,000 after purchasing an additional 102,062 shares during the period. Finally, IFM Investors Pty Ltd lifted its stake in shares of Regions Financial by 34.5% in the 2nd quarter. IFM Investors Pty Ltd now owns 56,190 shares of the bank’s stock valued at $999,000 after purchasing an additional 14,423 shares during the period. 73.85% of the stock is currently owned by institutional investors.

Shares of RF opened at $17.64 on Friday. The stock has a market cap of $19.03 billion, a price-to-earnings ratio of 17.64, a P/E/G ratio of 0.97 and a beta of 1.29. Regions Financial has a 12 month low of $15.06 and a 12 month high of $20.21. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.88 and a current ratio of 0.88.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, December 7th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Thursday, December 6th. Regions Financial’s dividend payout ratio is 56.00%.

Regions Financial Company Profile

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

See Also: Why is the ex-dividend date different from the record date?

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Earnings History and Estimates for Regions Financial (NYSE:RF)

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