Equities analysts expect Chemical Financial Co. (NASDAQ:CHFC) to announce sales of $200.12 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Chemical Financial’s earnings. The lowest sales estimate is $198.30 million and the highest is $202.00 million. Chemical Financial posted sales of $178.22 million in the same quarter last year, which would indicate a positive year over year growth rate of 12.3%. The company is expected to issue its next quarterly earnings report on Tuesday, January 22nd.

On average, analysts expect that Chemical Financial will report full-year sales of $787.28 million for the current financial year, with estimates ranging from $779.00 million to $794.00 million. For the next year, analysts expect that the company will post sales of $838.40 million, with estimates ranging from $828.10 million to $849.40 million. Zacks’ sales averages are an average based on a survey of research firms that cover Chemical Financial.

Chemical Financial (NASDAQ:CHFC) last issued its earnings results on Tuesday, October 23rd. The bank reported $0.98 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.01). The firm had revenue of $197.40 million during the quarter, compared to the consensus estimate of $200.16 million. Chemical Financial had a return on equity of 9.98% and a net margin of 24.78%. During the same period last year, the business earned $0.79 earnings per share.

A number of research analysts have issued reports on CHFC shares. BidaskClub cut Chemical Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 30th. ValuEngine cut Chemical Financial from a “sell” rating to a “strong sell” rating in a report on Friday, October 26th. Zacks Investment Research raised Chemical Financial from a “sell” rating to a “hold” rating in a report on Friday, November 30th. Boenning Scattergood raised Chemical Financial from an “under perform” rating to a “neutral” rating in a report on Thursday, October 25th. Finally, Raymond James reissued a “buy” rating and set a $53.00 price objective on shares of Chemical Financial in a report on Thursday, October 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $59.00.

Shares of NASDAQ CHFC traded down $0.53 during midday trading on Monday, reaching $43.84. 668,200 shares of the company traded hands, compared to its average volume of 314,113. The stock has a market cap of $3.17 billion, a PE ratio of 14.33, a PEG ratio of 1.26 and a beta of 1.12. Chemical Financial has a 12 month low of $41.52 and a 12 month high of $59.83. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 0.92.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be paid a $0.34 dividend. The ex-dividend date is Thursday, December 6th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.10%. Chemical Financial’s dividend payout ratio (DPR) is presently 44.44%.

Large investors have recently made changes to their positions in the company. Belpointe Asset Management LLC acquired a new stake in shares of Chemical Financial in the third quarter valued at $125,000. Polaris Greystone Financial Group LLC acquired a new stake in shares of Chemical Financial in the third quarter valued at $194,000. Verition Fund Management LLC acquired a new stake in Chemical Financial in the third quarter worth about $222,000. Nomura Holdings Inc. acquired a new stake in Chemical Financial in the second quarter worth about $237,000. Finally, IFP Advisors Inc increased its position in Chemical Financial by 223.7% in the third quarter. IFP Advisors Inc now owns 4,803 shares of the bank’s stock worth $256,000 after purchasing an additional 3,319 shares during the period. Institutional investors own 83.06% of the company’s stock.

Chemical Financial Company Profile

Chemical Financial Corporation operates as a financial holding company of Chemical Bank that offers banking and fiduciary products and services to residents and business customers. It offers business and personal checking accounts, savings and individual retirement accounts, time deposit instruments, electronically accessed banking products, residential and commercial real estate financing, commercial lending, consumer financing, debit cards, safe deposit box, money transfer, automated teller machines, insurance and investment products, corporate and personal wealth management, and mortgage banking and other banking services.

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Earnings History and Estimates for Chemical Financial (NASDAQ:CHFC)

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