$149.57 Million in Sales Expected for Trustmark (TRMK) This Quarter

Wall Street brokerages expect Trustmark (NASDAQ:TRMK) to post sales of $149.57 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Trustmark’s earnings. The lowest sales estimate is $148.80 million and the highest is $150.70 million. Trustmark posted sales of $148.46 million during the same quarter last year, which indicates a positive year-over-year growth rate of 0.7%. The firm is expected to issue its next earnings results after the market closes on Tuesday, April 24th.

According to Zacks, analysts expect that Trustmark will report full year sales of $618.37 million for the current financial year, with estimates ranging from $614.40 million to $625.50 million. For the next year, analysts expect that the business will report sales of $646.37 million per share, with estimates ranging from $641.50 million to $654.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Trustmark.

Trustmark (NASDAQ:TRMK) last announced its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. Trustmark had a net margin of 16.15% and a return on equity of 8.35%. The company had revenue of $153.06 million during the quarter, compared to analyst estimates of $152.80 million. During the same period in the previous year, the business earned $0.43 EPS.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Trustmark from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Saturday, January 13th. BidaskClub lowered shares of Trustmark from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Stephens restated a “hold” rating and issued a $34.00 price objective on shares of Trustmark in a report on Thursday, January 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $33.00 target price on shares of Trustmark in a research note on Thursday, January 25th. Finally, SunTrust Banks reiterated a “hold” rating and set a $38.00 target price on shares of Trustmark in a research note on Tuesday, January 9th. Eight analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average target price of $34.00.

Shares of NASDAQ TRMK opened at $31.63 on Tuesday. Trustmark has a twelve month low of $28.16 and a twelve month high of $35.09. The company has a market capitalization of $2,121.81, a P/E ratio of 16.47 and a beta of 1.03. The company has a quick ratio of 0.76, a current ratio of 0.77 and a debt-to-equity ratio of 0.04.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN raised its stake in Trustmark by 2.4% during the 4th quarter. Wells Fargo & Company MN now owns 2,376,182 shares of the financial services provider’s stock valued at $75,705,000 after buying an additional 55,057 shares during the last quarter. Earnest Partners LLC raised its stake in Trustmark by 10.8% during the 4th quarter. Earnest Partners LLC now owns 2,276,914 shares of the financial services provider’s stock valued at $72,542,000 after buying an additional 221,215 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Trustmark by 3.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 439,994 shares of the financial services provider’s stock valued at $14,019,000 after buying an additional 13,866 shares during the last quarter. Deutsche Bank AG raised its stake in Trustmark by 28.8% during the 4th quarter. Deutsche Bank AG now owns 356,703 shares of the financial services provider’s stock valued at $11,361,000 after buying an additional 79,706 shares during the last quarter. Finally, Brandywine Global Investment Management LLC raised its stake in Trustmark by 24.9% during the 4th quarter. Brandywine Global Investment Management LLC now owns 213,152 shares of the financial services provider’s stock valued at $6,792,000 after buying an additional 42,469 shares during the last quarter. Institutional investors and hedge funds own 63.15% of the company’s stock.

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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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Earnings History and Estimates for Trustmark (NASDAQ:TRMK)

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