Brokerages Anticipate First Commonwealth Financial (FCF) Will Announce Quarterly Sales of $79.69 Million

Equities analysts expect that First Commonwealth Financial (NYSE:FCF) will announce $79.69 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for First Commonwealth Financial’s earnings. The lowest sales estimate is $79.29 million and the highest is $80.27 million. First Commonwealth Financial reported sales of $68.76 million during the same quarter last year, which would suggest a positive year over year growth rate of 15.9%. The company is expected to announce its next earnings report on Tuesday, April 24th.

According to Zacks, analysts expect that First Commonwealth Financial will report full-year sales of $79.69 million for the current financial year, with estimates ranging from $330.00 million to $332.48 million. For the next financial year, analysts forecast that the firm will post sales of $349.39 million per share, with estimates ranging from $343.50 million to $354.68 million. Zacks’ sales calculations are an average based on a survey of analysts that follow First Commonwealth Financial.

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First Commonwealth Financial (NYSE:FCF) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.21 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. First Commonwealth Financial had a return on equity of 9.24% and a net margin of 16.67%. The firm had revenue of $80.98 million during the quarter, compared to the consensus estimate of $80.90 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The business’s revenue was up 15.2% on a year-over-year basis.

Several research analysts recently weighed in on the company. ValuEngine upgraded First Commonwealth Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research lowered First Commonwealth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Keefe, Bruyette & Woods restated a “hold” rating and set a $16.00 price target on shares of First Commonwealth Financial in a research report on Monday, January 29th. B. Riley restated a “hold” rating and set a $16.00 price target on shares of First Commonwealth Financial in a research report on Thursday, January 25th. Finally, Boenning Scattergood restated a “hold” rating on shares of First Commonwealth Financial in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $11.86.

First Commonwealth Financial stock traded down $0.46 during trading on Thursday, reaching $13.72. The company’s stock had a trading volume of 884,294 shares, compared to its average volume of 494,823. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1,338.03, a P/E ratio of 16.73 and a beta of 0.94. First Commonwealth Financial has a twelve month low of $12.05 and a twelve month high of $15.67.

A number of institutional investors have recently bought and sold shares of FCF. Great West Life Assurance Co. Can grew its holdings in shares of First Commonwealth Financial by 3.2% during the third quarter. Great West Life Assurance Co. Can now owns 127,666 shares of the bank’s stock worth $1,804,000 after buying an additional 3,931 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of First Commonwealth Financial by 2.4% during the fourth quarter. California Public Employees Retirement System now owns 216,604 shares of the bank’s stock valued at $3,102,000 after acquiring an additional 4,978 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of First Commonwealth Financial by 130.2% during the fourth quarter. Meeder Asset Management Inc. now owns 8,882 shares of the bank’s stock valued at $127,000 after acquiring an additional 5,023 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in First Commonwealth Financial by 25.1% in the third quarter. Cubist Systematic Strategies LLC now owns 25,998 shares of the bank’s stock worth $367,000 after purchasing an additional 5,213 shares in the last quarter. Finally, American International Group Inc. raised its holdings in First Commonwealth Financial by 7.6% in the third quarter. American International Group Inc. now owns 76,732 shares of the bank’s stock worth $1,084,000 after purchasing an additional 5,415 shares in the last quarter. Institutional investors own 68.07% of the company’s stock.

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First Commonwealth Financial Company Profile

First Commonwealth Financial Corporation is a financial holding company. The Company, through its subsidiary, First Commonwealth Bank (the Bank), provides a range of consumer and commercial banking services. The Company also provides trust and wealth management services, and offers insurance products through the Bank and its other operating subsidiaries.

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Earnings History and Estimates for First Commonwealth Financial (NYSE:FCF)

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