BB&T Co. (BBT) Expected to Announce Earnings of $1.05 Per Share

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Equities research analysts predict that BB&T Co. (NYSE:BBT) will post earnings of $1.05 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for BB&T’s earnings, with estimates ranging from $1.00 to $1.08. BB&T posted earnings of $0.82 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 28%. The firm is scheduled to announce its next earnings report before the market opens on Thursday, January 17th.

According to Zacks, analysts expect that BB&T will report full year earnings of $3.99 per share for the current year, with EPS estimates ranging from $3.94 to $4.04. For the next financial year, analysts forecast that the company will report earnings of $4.36 per share, with EPS estimates ranging from $4.21 to $4.47. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow BB&T.

BB&T (NYSE:BBT) last released its earnings results on Thursday, October 18th. The insurance provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.01. BB&T had a net margin of 23.52% and a return on equity of 11.66%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the previous year, the firm earned $0.74 earnings per share. BB&T’s revenue was up 1.6% compared to the same quarter last year.

Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of BB&T from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Tuesday, October 23rd. B. Riley set a $56.00 price target on BB&T and gave the stock a “buy” rating in a research report on Monday, October 15th. Barclays upped their price target on BB&T from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 2nd. Finally, ValuEngine raised BB&T from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $55.15.

BB&T stock traded down $0.18 during trading on Thursday, reaching $45.97. The company had a trading volume of 105,115 shares, compared to its average volume of 4,068,750. BB&T has a 12-month low of $40.68 and a 12-month high of $56.31. The company has a market cap of $34.87 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 0.98 and a beta of 1.04. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88.

In other news, Director I. Patricia Henry sold 611 shares of the stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $49.50, for a total transaction of $30,244.50. Following the sale, the director now directly owns 4,375 shares of the company’s stock, valued at approximately $216,562.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Patrick C. Graney III bought 4,200 shares of BB&T stock in a transaction dated Thursday, December 6th. The shares were bought at an average cost of $47.56 per share, for a total transaction of $199,752.00. Following the completion of the acquisition, the director now owns 4,200 shares in the company, valued at approximately $199,752. The disclosure for this purchase can be found here. Corporate insiders own 0.51% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. IMS Capital Management purchased a new position in shares of BB&T in the 3rd quarter worth $39,000. Cornerstone Advisors Inc. boosted its stake in shares of BB&T by 19.5% in the 3rd quarter. Cornerstone Advisors Inc. now owns 1,468 shares of the insurance provider’s stock worth $71,000 after buying an additional 240 shares during the last quarter. Zions Bancorporation purchased a new position in shares of BB&T in the 3rd quarter worth $102,000. Girard Partners LTD. purchased a new position in shares of BB&T in the 3rd quarter worth $142,000. Finally, SRS Capital Advisors Inc. boosted its stake in shares of BB&T by 4,311.8% in the 3rd quarter. SRS Capital Advisors Inc. now owns 3,000 shares of the insurance provider’s stock worth $146,000 after buying an additional 2,932 shares during the last quarter. 63.98% of the stock is currently owned by institutional investors and hedge funds.

About BB&T

BB&T Corporation operates as a financial holding company that provides various banking and trust services for small and mid-size businesses, public agencies, local governments, and individuals. The company operates through four segments: CB-Retail, CB-Commercial, IH&PF, and FS&CF. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.

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