$1.49 Billion in Sales Expected for Regions Financial Corp (RF) This Quarter

Analysts expect that Regions Financial Corp (NYSE:RF) will post $1.49 billion in sales for the current fiscal quarter, Zacks reports. Twenty Four analysts have provided estimates for Regions Financial’s earnings, with the highest sales estimate coming in at $1.51 billion and the lowest estimate coming in at $1.46 billion. Regions Financial reported sales of $1.44 billion during the same quarter last year, which would suggest a positive year over year growth rate of 3.5%. The business is scheduled to issue its next earnings results on Friday, July 19th.

According to Zacks, analysts expect that Regions Financial will report full year sales of $5.95 billion for the current year, with estimates ranging from $5.85 billion to $6.09 billion. For the next year, analysts anticipate that the business will report sales of $6.09 billion, with estimates ranging from $5.96 billion to $6.30 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Regions Financial.

Regions Financial (NYSE:RF) last released its earnings results on Thursday, April 18th. The bank reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Regions Financial had a return on equity of 10.76% and a net margin of 26.38%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share.

RF has been the topic of several research analyst reports. Sandler O’Neill raised Regions Financial from a “hold” rating to a “buy” rating in a research note on Monday, March 25th. UBS Group set a $17.00 price objective on Regions Financial and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. FIG Partners reissued a “market-perform” rating on shares of Regions Financial in a research note on Thursday, February 21st. Nomura raised Regions Financial from a “reduce” rating to a “neutral” rating and set a $14.00 price objective on the stock in a research note on Friday, March 29th. Finally, Credit Suisse Group initiated coverage on Regions Financial in a research note on Monday, February 11th. They issued a “neutral” rating and a $17.00 price objective on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $17.28.

A number of institutional investors have recently bought and sold shares of the business. Lindbrook Capital LLC purchased a new stake in shares of Regions Financial during the 4th quarter valued at $27,000. Legacy Financial Advisors Inc. purchased a new stake in shares of Regions Financial during the 4th quarter valued at $30,000. Financial Architects Inc purchased a new stake in shares of Regions Financial during the 4th quarter valued at $31,000. Whittier Trust Co. lifted its holdings in shares of Regions Financial by 84.7% during the 4th quarter. Whittier Trust Co. now owns 2,770 shares of the bank’s stock valued at $37,000 after purchasing an additional 1,270 shares during the last quarter. Finally, Doyle Wealth Management purchased a new stake in shares of Regions Financial during the 4th quarter valued at $40,000. Institutional investors own 74.38% of the company’s stock.

NYSE:RF traded down $0.51 during midday trading on Tuesday, hitting $15.25. The stock had a trading volume of 24,412,296 shares, compared to its average volume of 13,920,726. Regions Financial has a one year low of $12.39 and a one year high of $19.99. The stock has a market cap of $15.52 billion, a P/E ratio of 11.21, a price-to-earnings-growth ratio of 1.05 and a beta of 1.48. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.88.

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.56 dividend on an annualized basis and a yield of 3.67%. Regions Financial’s dividend payout ratio is currently 41.18%.

About Regions Financial

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.

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