Equities analysts predict that Trustmark Corp (NASDAQ:TRMK) will announce sales of $155.95 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Trustmark’s earnings. The lowest sales estimate is $154.30 million and the highest is $157.60 million. Trustmark posted sales of $151.97 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.6%. The business is scheduled to issue its next earnings report after the market closes on Tuesday, January 28th.
On average, analysts expect that Trustmark will report full-year sales of $626.15 million for the current year, with estimates ranging from $624.50 million to $627.80 million. For the next year, analysts forecast that the company will post sales of $627.10 million, with estimates ranging from $625.50 million to $628.70 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Trustmark.
Trustmark (NASDAQ:TRMK) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. The company had revenue of $160.05 million during the quarter, compared to analyst estimates of $160.21 million. Trustmark had a return on equity of 9.51% and a net margin of 21.68%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS.
Several hedge funds have recently modified their holdings of TRMK. Prudential Financial Inc. grew its stake in shares of Trustmark by 4.4% during the second quarter. Prudential Financial Inc. now owns 43,275 shares of the financial services provider’s stock worth $1,439,000 after purchasing an additional 1,840 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Trustmark by 105.0% in the second quarter. Bank of Montreal Can now owns 10,439 shares of the financial services provider’s stock valued at $347,000 after buying an additional 5,346 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Trustmark by 11.7% in the second quarter. LPL Financial LLC now owns 12,671 shares of the financial services provider’s stock valued at $421,000 after buying an additional 1,328 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Trustmark by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 913,854 shares of the financial services provider’s stock valued at $30,386,000 after buying an additional 4,600 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of Trustmark by 3.1% in the second quarter. Parametric Portfolio Associates LLC now owns 227,428 shares of the financial services provider’s stock valued at $7,562,000 after buying an additional 6,827 shares during the last quarter. Hedge funds and other institutional investors own 66.70% of the company’s stock.
TRMK stock traded down $0.15 during midday trading on Thursday, reaching $34.46. The stock had a trading volume of 166,710 shares, compared to its average volume of 208,015. The stock has a market cap of $2.22 billion, a PE ratio of 14.66 and a beta of 1.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.83 and a current ratio of 0.85. The firm has a fifty day simple moving average of $34.52 and a two-hundred day simple moving average of $34.11. Trustmark has a 52-week low of $29.81 and a 52-week high of $36.63.
Trustmark Company Profile
Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. The company offers checking, savings, and money market accounts; individual retirement accounts; certificates of deposits; financing for commercial and industrial projects, income producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans, and lines of credit.
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