Equities research analysts expect that PNC Financial Services Group Inc (NYSE:PNC) will post earnings per share of $2.35 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for PNC Financial Services Group’s earnings, with estimates ranging from $2.13 to $2.48. PNC Financial Services Group posted earnings of $1.96 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 19.9%. The company is expected to report its next quarterly earnings results on Thursday, April 12th.

According to Zacks, analysts expect that PNC Financial Services Group will report full-year earnings of $10.21 per share for the current year, with EPS estimates ranging from $9.26 to $10.90. For the next financial year, analysts anticipate that the company will report earnings of $11.30 per share, with EPS estimates ranging from $10.12 to $12.46. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover PNC Financial Services Group.

PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Friday, January 12th. The financial services provider reported $2.29 EPS for the quarter, beating the consensus estimate of $2.20 by $0.09. The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.15 billion. PNC Financial Services Group had a return on equity of 9.52% and a net margin of 29.60%. PNC Financial Services Group’s revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.97 earnings per share.

Several equities research analysts recently issued reports on PNC shares. Wells Fargo & Co set a $135.00 price objective on PNC Financial Services Group and gave the stock a “hold” rating in a research note on Thursday, October 19th. Sanford C. Bernstein reissued a “market perform” rating and issued a $134.00 price objective on shares of PNC Financial Services Group in a research note on Tuesday, October 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $162.00 price objective on shares of PNC Financial Services Group in a research note on Friday, December 22nd. Citigroup reissued a “neutral” rating and issued a $144.00 price objective (up from $125.00) on shares of PNC Financial Services Group in a research note on Monday, October 9th. Finally, Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $164.00 price objective for the company in a research note on Tuesday, December 26th. Eighteen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. PNC Financial Services Group has an average rating of “Hold” and an average target price of $144.02.

Shares of PNC Financial Services Group (NYSE:PNC) traded up $1.97 during trading on Friday, reaching $157.74. The company had a trading volume of 1,828,774 shares, compared to its average volume of 2,506,025. The stock has a market cap of $75,050.00, a P/E ratio of 15.12, a P/E/G ratio of 1.48 and a beta of 0.90. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.93 and a current ratio of 0.94. PNC Financial Services Group has a 1 year low of $115.25 and a 1 year high of $158.27.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Stockholders of record on Wednesday, January 17th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Tuesday, January 16th. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 28.76%.

In other news, insider Wyk Steven C. Van sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $140.98, for a total transaction of $704,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider E William Parsley III sold 46,307 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $143.43, for a total value of $6,641,813.01. Following the sale, the insider now directly owns 132,544 shares of the company’s stock, valued at $19,010,785.92. The disclosure for this sale can be found here. Insiders have sold a total of 111,534 shares of company stock valued at $15,952,465 over the last ninety days. Company insiders own 0.43% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC increased its holdings in shares of PNC Financial Services Group by 13.9% during the 2nd quarter. FMR LLC now owns 15,676,614 shares of the financial services provider’s stock valued at $1,957,539,000 after acquiring an additional 1,915,923 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of PNC Financial Services Group by 2,624.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,707,697 shares of the financial services provider’s stock valued at $213,239,000 after acquiring an additional 1,645,007 shares during the last quarter. Koch Industries Inc. increased its holdings in shares of PNC Financial Services Group by 78,828.1% during the 2nd quarter. Koch Industries Inc. now owns 1,350,459 shares of the financial services provider’s stock valued at $1,340,000 after acquiring an additional 1,348,748 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of PNC Financial Services Group by 7.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,752,413 shares of the financial services provider’s stock valued at $1,592,394,000 after acquiring an additional 875,164 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of PNC Financial Services Group by 21.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,762,394 shares of the financial services provider’s stock valued at $507,045,000 after acquiring an additional 657,161 shares during the last quarter. 82.06% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This news story was originally published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://theolympiareport.com/2018/01/24/2-35-eps-expected-for-pnc-financial-services-group-inc-pnc-this-quarter.html.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

Get a free copy of the Zacks research report on PNC Financial Services Group (PNC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for PNC Financial Services Group (NYSE:PNC)

Receive News & Ratings for PNC Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNC Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.