Brokerages predict that Fulton Financial Corp (NASDAQ:FULT) will report $213.14 million in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Fulton Financial’s earnings, with estimates ranging from $210.40 million to $216.35 million. Fulton Financial reported sales of $162.74 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 31%. The company is scheduled to issue its next earnings results on Tuesday, April 16th.

On average, analysts expect that Fulton Financial will report full-year sales of $880.13 million for the current fiscal year, with estimates ranging from $862.70 million to $897.23 million. For the next fiscal year, analysts forecast that the company will post sales of $911.80 million, with estimates ranging from $879.80 million to $940.61 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Fulton Financial.

Fulton Financial (NASDAQ:FULT) last issued its quarterly earnings results on Tuesday, January 15th. The bank reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.02). The company had revenue of $215.65 million for the quarter, compared to analyst estimates of $215.11 million. Fulton Financial had a return on equity of 9.25% and a net margin of 22.66%. During the same quarter last year, the company earned $0.28 EPS.

Several research analysts recently issued reports on the stock. ValuEngine upgraded shares of Fulton Financial from a “sell” rating to a “hold” rating in a research report on Saturday, December 1st. BidaskClub upgraded shares of Fulton Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, November 27th. Piper Jaffray Companies downgraded shares of Fulton Financial from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $19.00 to $17.50 in a research report on Thursday, January 17th. Boenning Scattergood reiterated a “hold” rating on shares of Fulton Financial in a research report on Wednesday, January 16th. Finally, Zacks Investment Research downgraded shares of Fulton Financial from a “buy” rating to a “hold” rating in a research report on Friday, January 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Fulton Financial has an average rating of “Hold” and a consensus price target of $18.92.

A number of institutional investors have recently added to or reduced their stakes in FULT. Toronto Dominion Bank acquired a new position in Fulton Financial during the 4th quarter valued at about $39,000. Oregon Public Employees Retirement Fund lifted its position in Fulton Financial by 1,448.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,071,618 shares of the bank’s stock valued at $69,000 after purchasing an additional 1,002,392 shares during the period. SRS Capital Advisors Inc. acquired a new position in Fulton Financial during the 3rd quarter valued at about $105,000. ETF Managers Group LLC lifted its position in Fulton Financial by 18.1% during the 4th quarter. ETF Managers Group LLC now owns 7,494 shares of the bank’s stock valued at $116,000 after purchasing an additional 1,148 shares during the period. Finally, Bessemer Group Inc. acquired a new position in Fulton Financial during the 4th quarter valued at about $121,000. Institutional investors own 63.58% of the company’s stock.

NASDAQ FULT traded up $0.07 on Friday, hitting $16.42. 436,445 shares of the company were exchanged, compared to its average volume of 1,083,031. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 1.46 and a beta of 1.00. The company has a quick ratio of 0.97, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. Fulton Financial has a 1-year low of $14.38 and a 1-year high of $19.45.

Fulton Financial Company Profile

Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers consumer loans, including home equity loans and lines of credit, automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial, financial, agricultural, and real estate loans.

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Earnings History and Estimates for Fulton Financial (NASDAQ:FULT)

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