Zacks: Analysts Expect Northern Trust Co. (NASDAQ:NTRS) to Post $1.76 EPS

Share on StockTwits

Analysts forecast that Northern Trust Co. (NASDAQ:NTRS) will report $1.76 earnings per share for the current quarter, according to Zacks. Four analysts have issued estimates for Northern Trust’s earnings. The highest EPS estimate is $1.91 and the lowest is $1.69. Northern Trust posted earnings per share of $1.82 in the same quarter last year, which suggests a negative year-over-year growth rate of 3.3%. The business is expected to issue its next quarterly earnings report on Wednesday, January 22nd.

On average, analysts expect that Northern Trust will report full year earnings of $6.65 per share for the current financial year, with EPS estimates ranging from $6.60 to $6.71. For the next year, analysts expect that the firm will post earnings of $7.13 per share, with EPS estimates ranging from $6.90 to $7.50. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Northern Trust.

Northern Trust (NASDAQ:NTRS) last issued its earnings results on Wednesday, October 23rd. The asset manager reported $1.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.06. Northern Trust had a net margin of 22.10% and a return on equity of 15.66%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the business earned $1.58 earnings per share. Northern Trust’s revenue for the quarter was up 4.1% on a year-over-year basis.

A number of research firms recently issued reports on NTRS. BidaskClub raised shares of Northern Trust from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th. Morgan Stanley decreased their price target on shares of Northern Trust from $93.00 to $90.00 and set an “underweight” rating on the stock in a research note on Friday, October 4th. Citigroup set a $92.00 price target on shares of Northern Trust and gave the company a “sell” rating in a research note on Friday, October 25th. ValuEngine downgraded shares of Northern Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st. Finally, Buckingham Research decreased their price target on shares of Northern Trust from $118.00 to $112.00 and set a “buy” rating on the stock in a research note on Friday, October 4th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $104.07.

Shares of NASDAQ:NTRS opened at $108.30 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a fifty day moving average price of $105.44 and a 200 day moving average price of $94.39. Northern Trust has a fifty-two week low of $75.96 and a fifty-two week high of $109.82. The firm has a market cap of $23.12 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 1.75 and a beta of 1.23.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Friday, December 13th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, December 12th. Northern Trust’s payout ratio is 41.60%.

In other news, EVP Thomas A. South sold 1,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $98.54, for a total value of $98,540.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Robert P. Browne sold 10,680 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $101.56, for a total transaction of $1,084,660.80. The disclosure for this sale can be found here. In the last three months, insiders sold 55,234 shares of company stock worth $5,771,074. Insiders own 1.15% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in NTRS. Litman Gregory Asset Management LLC purchased a new stake in shares of Northern Trust during the second quarter worth approximately $25,000. Kavar Capital Partners LLC acquired a new position in Northern Trust during the second quarter valued at $32,000. Oakworth Capital Inc. acquired a new position in Northern Trust during the second quarter valued at $34,000. Smith Asset Management Group LP raised its position in Northern Trust by 90.0% during the second quarter. Smith Asset Management Group LP now owns 380 shares of the asset manager’s stock valued at $34,000 after buying an additional 180 shares during the period. Finally, CSat Investment Advisory L.P. raised its position in Northern Trust by 252.7% during the second quarter. CSat Investment Advisory L.P. now owns 582 shares of the asset manager’s stock valued at $52,000 after buying an additional 417 shares during the period. 81.95% of the stock is currently owned by institutional investors and hedge funds.

Northern Trust Company Profile

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Corporate & Institutional Services (C&IS) and Wealth Management.

Recommended Story: Stock Split

Get a free copy of the Zacks research report on Northern Trust (NTRS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Northern Trust (NASDAQ:NTRS)

Receive News & Ratings for Northern Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northern Trust and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Bowling Portfolio Management LLC Has $822,000 Stake in Mastercard Inc
Bowling Portfolio Management LLC Has $822,000 Stake in Mastercard Inc
Chemung Financial Corp.  Shares Sold by Bowling Portfolio Management LLC
Chemung Financial Corp. Shares Sold by Bowling Portfolio Management LLC
Cisco Systems, Inc.  Shares Sold by Commerzbank Aktiengesellschaft FI
Cisco Systems, Inc. Shares Sold by Commerzbank Aktiengesellschaft FI
Bowling Portfolio Management LLC Has $810,000 Stake in Kennedy-Wilson Holdings Inc
Bowling Portfolio Management LLC Has $810,000 Stake in Kennedy-Wilson Holdings Inc
State of Alaska Department of Revenue Sells 1,055 Shares of Ferro Co.
State of Alaska Department of Revenue Sells 1,055 Shares of Ferro Co.
Central Garden & Pet Co  Shares Sold by State of Alaska Department of Revenue
Central Garden & Pet Co Shares Sold by State of Alaska Department of Revenue


© 2006-2020 Ticker Report