Analysts Expect Regions Financial Corp (RF) Will Post Earnings of $0.37 Per Share

Wall Street analysts expect Regions Financial Corp (NYSE:RF) to report earnings per share of $0.37 for the current quarter, Zacks Investment Research reports. Twenty Five analysts have made estimates for Regions Financial’s earnings. The highest EPS estimate is $0.39 and the lowest is $0.34. Regions Financial reported earnings of $0.35 per share in the same quarter last year, which indicates a positive year over year growth rate of 5.7%. The business is scheduled to issue its next earnings results before the market opens on Thursday, April 18th.

On average, analysts expect that Regions Financial will report full year earnings of $1.58 per share for the current year, with EPS estimates ranging from $1.52 to $1.65. For the next financial year, analysts anticipate that the business will report earnings of $1.71 per share, with EPS estimates ranging from $1.58 to $1.80. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Regions Financial.

Regions Financial (NYSE:RF) last posted its quarterly earnings data on Friday, January 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Regions Financial had a return on equity of 10.84% and a net margin of 27.23%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. Regions Financial’s revenue for the quarter was up 1.6% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on the company. Nomura raised Regions Financial from a “reduce” rating to a “neutral” rating and set a $14.00 target price for the company in a research note on Friday. Sandler O’Neill raised Regions Financial from a “hold” rating to a “buy” rating in a research report on Monday. ValuEngine lowered Regions Financial from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 21st. BMO Capital Markets began coverage on Regions Financial in a research report on Tuesday, March 12th. They set an “outperform” rating and a $17.00 price target for the company. Finally, Wedbush upped their price target on Regions Financial from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, February 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Regions Financial has an average rating of “Hold” and a consensus price target of $17.30.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lindbrook Capital LLC bought a new position in shares of Regions Financial in the 4th quarter worth approximately $27,000. Legacy Financial Advisors Inc. bought a new position in shares of Regions Financial in the 4th quarter worth approximately $30,000. Financial Architects Inc bought a new position in shares of Regions Financial in the 4th quarter worth approximately $31,000. Whittier Trust Co. raised its position in shares of Regions Financial by 84.7% in the 4th quarter. Whittier Trust Co. now owns 2,770 shares of the bank’s stock worth $37,000 after acquiring an additional 1,270 shares in the last quarter. Finally, Doyle Wealth Management bought a new position in shares of Regions Financial in the 4th quarter worth approximately $40,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE RF traded down $0.02 during midday trading on Friday, reaching $14.15. The company had a trading volume of 10,144,681 shares, compared to its average volume of 13,887,334. Regions Financial has a one year low of $12.39 and a one year high of $19.99. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.87. The firm has a market cap of $14.22 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 0.94 and a beta of 1.50.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Thursday, March 7th. Regions Financial’s payout ratio is 41.18%.

About Regions Financial

Regions Financial Corporation, together with its subsidiaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, as well as equipment lease financing services and corresponding deposits.

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Earnings History and Estimates for Regions Financial (NYSE:RF)

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