East West Bancorp (EWBC) to Release Earnings on Thursday

East West Bancorp (NASDAQ:EWBC) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, July 18th. Analysts expect East West Bancorp to post earnings of $1.25 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

East West Bancorp (NASDAQ:EWBC) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $1.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.06). The company had revenue of $404.59 million during the quarter, compared to analysts’ expectations of $411.11 million. East West Bancorp had a net margin of 35.42% and a return on equity of 15.78%. During the same period in the prior year, the business posted $1.13 earnings per share. On average, analysts expect East West Bancorp to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of East West Bancorp stock opened at $45.46 on Wednesday. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 1.01 and a beta of 1.62. East West Bancorp has a twelve month low of $40.05 and a twelve month high of $68.06. The company has a 50-day moving average of $45.09. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.02.

A number of research analysts recently weighed in on the stock. BidaskClub raised shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. Zacks Investment Research raised shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Friday, June 28th. Raymond James lowered shares of First Midwest Bancorp to a “hold” rating in a research note on Monday, July 8th. Wedbush reaffirmed a “buy” rating and issued a $35.00 price target on shares of Lexicon Pharmaceuticals in a research note on Monday, June 3rd. Finally, ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $61.38.

About East West Bancorp

East West Bancorp, Inc operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States and Greater China. It operates in three segments: Consumer and Business Banking, Commercial Banking, and Other.

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Earnings History for East West Bancorp (NASDAQ:EWBC)

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