Equities research analysts expect JPMorgan Chase (NYSE:JPM) to report earnings of $2.21 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for JPMorgan Chase’s earnings, with estimates ranging from $2.12 to $2.29. JPMorgan Chase posted earnings of $1.82 per share during the same quarter last year, which indicates a positive year over year growth rate of 21.4%. The firm is expected to report its next earnings report on Friday, July 13th.
On average, analysts expect that JPMorgan Chase will report full year earnings of $8.90 per share for the current year, with EPS estimates ranging from $8.41 to $9.30. For the next year, analysts expect that the company will post earnings of $9.72 per share, with EPS estimates ranging from $9.06 to $10.71. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for JPMorgan Chase.
JPMorgan Chase (NYSE:JPM) last issued its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.09. The firm had revenue of $27.90 billion for the quarter, compared to analysts’ expectations of $27.73 billion. JPMorgan Chase had a return on equity of 12.60% and a net margin of 22.53%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.65 EPS.
A number of equities research analysts recently weighed in on the company. BMO Capital Markets restated a “hold” rating and issued a $110.00 price target on shares of JPMorgan Chase in a report on Friday, April 13th. Jefferies Group reaffirmed a “buy” rating and issued a $122.00 target price on shares of JPMorgan Chase in a research note on Monday. ValuEngine lowered JPMorgan Chase from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. HSBC began coverage on JPMorgan Chase in a research note on Wednesday, April 11th. They issued a “hold” rating and a $111.00 target price on the stock. Finally, Vining Sparks reaffirmed a “buy” rating and issued a $130.00 target price on shares of JPMorgan Chase in a research note on Friday, April 6th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $112.10.
In related news, Director Mellody L. Hobson purchased 18,000 shares of the stock in a transaction that occurred on Monday, April 16th. The stock was purchased at an average cost of $111.05 per share, for a total transaction of $1,998,900.00. Following the acquisition, the director now owns 864 shares in the company, valued at $95,947.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of JPMorgan Chase during the third quarter worth about $102,000. Welch Investments LLC bought a new position in JPMorgan Chase in the third quarter worth about $103,000. Financial Gravity Companies Inc. bought a new position in JPMorgan Chase in the fourth quarter worth about $104,000. Legacy Advisors LLC bought a new position in JPMorgan Chase in the third quarter worth about $106,000. Finally, Keeler Thomas Management LLC bought a new position in JPMorgan Chase in the fourth quarter worth about $112,000. Institutional investors own 74.49% of the company’s stock.
NYSE JPM traded down $0.25 on Friday, hitting $111.47. 15,494,875 shares of the company’s stock were exchanged, compared to its average volume of 16,315,788. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19. JPMorgan Chase has a fifty-two week low of $81.64 and a fifty-two week high of $119.33. The stock has a market capitalization of $375,181.75, a price-to-earnings ratio of 16.23, a PEG ratio of 1.84 and a beta of 1.24.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, April 6th will be issued a dividend of $0.56 per share. The ex-dividend date is Thursday, April 5th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.01%. JPMorgan Chase’s payout ratio is 32.61%.
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About JPMorgan Chase
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.
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