EPS of $3.25 expected for The PNC Financial Services Group, Inc. (NYSE:PNC) this quarter


Equity research analysts expect The PNC Financial Services Group, Inc. (NYSE:PNC – Get Rating) to report earnings per share (EPS) of $3.25 for the current quarter, Zacks reports . Seven analysts made earnings estimates for The PNC Financial Services Group, with the highest EPS estimate of $3.88 and the lowest estimate of $2.92. PNC Financial Services Group reported earnings per share of $4.50 in the same quarter last year, which would indicate a negative 27.8% year-over-year growth rate. The company is expected to release its next earnings report on Monday, January 1.

Zacks says analysts expect PNC Financial Services Group to report annual earnings of $14.03 per share for the current fiscal year, with EPS estimates ranging from $13.00 to $14.65. . For the next fiscal year, analysts expect the company to post earnings of $16.38 per share, with EPS estimates ranging from $15.34 to $18.59. Zacks Investment Research’s earnings per share averages are an average average based on a survey of research firms that provide coverage for the PNC Financial Services Group.

PNC Financial Services Group (NYSE:PNC – Get Rating) last released its results on Thursday, April 14. The financial services provider reported earnings per share of $3.23 for the quarter, beating the consensus estimate of $2.78 by $0.45. The PNC Financial Services group achieved a net margin of 26.14% and a return on equity of 12.43%. The company posted revenue of $4.69 billion in the quarter, versus a consensus estimate of $4.72 billion. In the same quarter last year, the company achieved EPS of $4.10. The company’s revenue for the quarter increased 11.2% on an annual basis.

Several analysts have recently weighed in on PNC shares. Piper Sandler lowered her price target on shares of PNC Financial Services Group from $215.00 to $201.00 and set a “neutral” rating for the company in a Friday, April 1 report. Credit Suisse Group raised its price target on shares of PNC Financial Services Group from $203.00 to $207.00 and gave the company a “neutral” rating in a Wednesday, January 19 report. JPMorgan Chase & Co. raised its price target on shares of PNC Financial Services Group from $229.50 to $232.50 in a Thursday, Feb. 3 report. Raymond James cut his price target on PNC Financial Services Group shares from $215.00 to $210.00 and set an “outperform” rating for the company in a Monday, April 18 research report. Finally, Robert W. Baird raised his price target on PNC Financial Services Group shares from $200.00 to $230.00 in a Wednesday, January 19 research report. An equity research analyst rated the stock with a sell rating, eleven gave the stock a hold rating, and eight gave the stock a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $219.53.

In related news, EVP Guild Deborah sold 1,257 shares of the company in a trade on Tuesday, May 3. The shares were sold at an average price of $170.56, for a total value of $214,393.92. Following the completion of the sale, the executive vice president now directly owns 23,360 shares of the company, valued at $3,984,281.60. The sale was disclosed in a filing with the SEC, which is available via this hyperlink. Additionally, Executive Vice President Michael P. Lyons sold 5,500 shares of the company in a transaction on Monday, March 14. The shares were sold at an average price of $182.59, for a total transaction of $1,004,245.00. The disclosure of this sale can be found here. 0.34% of the shares are currently held by insiders.

Hedge funds and other institutional investors have recently been buying and selling shares of the company. Citizens National Bank Trust Department acquired a new position in shares of The PNC Financial Services Group during the fourth quarter worth approximately $28,000. Retirement Planning Co of New England Inc. acquired a new position in The PNC Financial Services Group during the fourth quarter worth approximately $30,000. D Orazio & Associates Inc. acquired a new position in The PNC Financial Services Group during the third quarter worth approximately $31,000. Guardian Wealth Management Inc. acquired a new position in The PNC Financial Services Group during the fourth quarter worth approximately $32,000. Finally, Kozak & Associates Inc. acquired a new position in The PNC Financial Services Group during the third quarter worth approximately $34,000. Institutional investors hold 83.54% of the company’s shares.

PNC Financial Services Group stock opened Friday at $166.62. The PNC Financial Services Group has a fifty-two-week low of $164.10 and a fifty-two-week high of $228.14. The company has a debt ratio of 0.54, a quick ratio of 0.78 and a current ratio of 0.75. The company has a 50-day moving average price of $182.28 and a 200-day moving average price of $198.18. The company has a market capitalization of $69.72 billion, a PE ratio of 14.10, a growth price-earnings ratio of 2.37 and a beta of 1.24.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 5. Shareholders of record on Wednesday, April 13 received a dividend of $1.50 per share. This is a boost from PNC Financial Services Group’s previous quarterly dividend of $1.25. This represents an annualized dividend of $6.00 and a dividend yield of 3.60%. The ex-dividend date was Tuesday, April 12. The payout ratio of PNC Financial Services Group is 50.76%.

About PNC Financial Services Group (Get a rating)

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The Company’s Retail Banking segment offers brokerage, insurance, investment and cash management services; checking, savings and money market accounts; certificates of deposit; and lending products, which include residential mortgages, home equity loans and lines of credit, auto loans, education loans and personal and small business loans, as well as consumer credit cards and to small businesses through a network of branches, ATMs, call centers, and online and mobile banking channels.

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Earnings history and estimates for PNC Financial Services Group (NYSE:PNC)



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