Analysts Expect BB&T Co. (BBT) to Post $1.00 Earnings Per Share

Wall Street analysts forecast that BB&T Co. (NYSE:BBT) will report earnings per share of $1.00 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for BB&T’s earnings, with the highest EPS estimate coming in at $1.02 and the lowest estimate coming in at $0.97. BB&T reported earnings per share of $0.78 in the same quarter last year, which would suggest a positive year-over-year growth rate of 28.2%. The business is scheduled to report its next earnings report before the market opens on Thursday, October 18th.

On average, analysts expect that BB&T will report full-year earnings of $3.98 per share for the current fiscal year, with EPS estimates ranging from $3.89 to $4.04. For the next fiscal year, analysts expect that the company will report earnings of $4.33 per share, with EPS estimates ranging from $4.19 to $4.50. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for BB&T.

BB&T (NYSE:BBT) last posted its earnings results on Thursday, July 19th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). BB&T had a net margin of 22.53% and a return on equity of 11.02%. The company had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same quarter last year, the business posted $0.77 EPS. BB&T’s quarterly revenue was up .8% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets reiterated a “buy” rating and issued a $59.00 target price on shares of BB&T in a research note on Thursday, July 12th. B. Riley lowered their target price on BB&T from $59.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, July 20th. Piper Jaffray Companies reiterated a “hold” rating and issued a $52.00 target price on shares of BB&T in a research note on Friday, July 20th. FIG Partners lowered BB&T from an “outperform” rating to a “market perform” rating in a research note on Friday, July 20th. Finally, Stephens reiterated a “buy” rating and issued a $59.00 target price on shares of BB&T in a research note on Friday, July 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company. BB&T currently has a consensus rating of “Buy” and an average price target of $54.58.

Shares of BBT stock traded up $0.75 during trading hours on Monday, reaching $49.74. The company had a trading volume of 3,603,200 shares, compared to its average volume of 3,711,685. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.88 and a current ratio of 0.88. BB&T has a twelve month low of $44.62 and a twelve month high of $56.31. The firm has a market cap of $37.59 billion, a P/E ratio of 15.84, a price-to-earnings-growth ratio of 1.04 and a beta of 1.05.

In related news, insider Donta L. Wilson sold 3,018 shares of the stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $51.55, for a total value of $155,577.90. Following the completion of the transaction, the insider now owns 14,911 shares of the company’s stock, valued at $768,662.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.51% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. IMA Wealth Inc. bought a new stake in shares of BB&T in the 2nd quarter worth approximately $116,000. First PREMIER Bank lifted its holdings in shares of BB&T by 64.9% in the 2nd quarter. First PREMIER Bank now owns 2,540 shares of the insurance provider’s stock worth $128,000 after purchasing an additional 1,000 shares during the last quarter. First Republic Investment Management Inc. lifted its holdings in shares of BB&T by 65.1% in the 1st quarter. First Republic Investment Management Inc. now owns 192,950 shares of the insurance provider’s stock worth $141,000 after purchasing an additional 76,093 shares during the last quarter. Ostrum Asset Management bought a new stake in shares of BB&T in the 1st quarter worth approximately $143,000. Finally, Mount Yale Investment Advisors LLC bought a new stake in shares of BB&T in the 1st quarter worth approximately $155,000. 64.65% of the stock is currently owned by institutional investors.

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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