Equities analysts expect that Fulton Financial Corp (NASDAQ:FULT) will report earnings of $0.29 per share for the current quarter, Zacks reports. Three analysts have made estimates for Fulton Financial’s earnings, with estimates ranging from $0.28 to $0.31. Fulton Financial reported earnings of $0.25 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 16%. The firm is expected to report its next quarterly earnings report on Tuesday, April 17th.
On average, analysts expect that Fulton Financial will report full year earnings of $1.25 per share for the current fiscal year, with EPS estimates ranging from $1.22 to $1.28. For the next fiscal year, analysts forecast that the business will post earnings of $1.37 per share, with EPS estimates ranging from $1.34 to $1.38. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover Fulton Financial.
Fulton Financial (NASDAQ:FULT) last released its earnings results on Monday, January 22nd. The bank reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. Fulton Financial had a net margin of 19.59% and a return on equity of 8.51%. The firm had revenue of $206.37 million for the quarter, compared to the consensus estimate of $201.30 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The company’s quarterly revenue was up 11.6% compared to the same quarter last year.
Fulton Financial (FULT) traded up $0.45 during mid-day trading on Thursday, hitting $19.45. 677,293 shares of the stock traded hands, compared to its average volume of 887,325. Fulton Financial has a 1 year low of $16.45 and a 1 year high of $19.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $3,409.37, a P/E ratio of 18.18 and a beta of 1.02.
A number of institutional investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB purchased a new stake in Fulton Financial during the fourth quarter valued at $313,000. SevenBridge Financial Group LLC raised its stake in Fulton Financial by 72.8% during the fourth quarter. SevenBridge Financial Group LLC now owns 19,722 shares of the bank’s stock valued at $353,000 after purchasing an additional 8,308 shares in the last quarter. BRYN MAWR TRUST Co raised its stake in Fulton Financial by 8.3% during the fourth quarter. BRYN MAWR TRUST Co now owns 70,341 shares of the bank’s stock valued at $1,259,000 after purchasing an additional 5,384 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in Fulton Financial during the fourth quarter valued at $3,349,000. Finally, Glenmede Trust Co. NA raised its stake in Fulton Financial by 3.6% during the fourth quarter. Glenmede Trust Co. NA now owns 79,528 shares of the bank’s stock valued at $1,423,000 after purchasing an additional 2,735 shares in the last quarter. 62.58% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: “Zacks: Analysts Anticipate Fulton Financial Corp (FULT) to Announce $0.29 EPS” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3255958/zacks-analysts-anticipate-fulton-financial-corp-fult-to-announce-0-29-eps.html.
About Fulton Financial
Fulton Financial Corporation is a financial holding company. The Company is the bank holding company of Fulton Bank N.A. (the Bank). As of December 31, 2016, the Company’s six subsidiary banks were located primarily in suburban or semi-rural geographic markets throughout a five-state region (Pennsylvania, Delaware, Maryland, New Jersey and Virginia).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Fulton Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fulton Financial and related companies with MarketBeat.com's FREE daily email newsletter.