SunTrust Banks (NYSE:STI) will post its quarterly earnings results before the market opens on Thursday, April 18th. Analysts expect SunTrust Banks to post earnings of $1.30 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

SunTrust Banks (NYSE:STI) last released its quarterly earnings data on Friday, January 18th. The financial services provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.10. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.37 billion. SunTrust Banks had a net margin of 26.61% and a return on equity of 12.40%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 earnings per share. On average, analysts expect SunTrust Banks to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

STI stock opened at $62.12 on Tuesday. The stock has a market cap of $27.87 billion, a P/E ratio of 10.90, a P/E/G ratio of 1.36 and a beta of 1.53. SunTrust Banks has a 52 week low of $46.05 and a 52 week high of $75.08. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.68.

A number of analysts recently commented on STI shares. Sanford C. Bernstein downgraded shares of SunTrust Banks from an “outperform” rating to a “market perform” rating and set a $64.72 price objective on the stock. in a report on Friday, February 8th. Keefe, Bruyette & Woods downgraded shares of SunTrust Banks from an “outperform” rating to a “market perform” rating in a report on Friday, February 8th. BMO Capital Markets boosted their price objective on shares of SunTrust Banks from $61.00 to $73.00 and gave the stock a “market perform” rating in a report on Monday, February 11th. Zacks Investment Research raised shares of SunTrust Banks from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Saturday, January 5th. Finally, Jefferies Financial Group downgraded shares of SunTrust Banks from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $70.96.

In related news, EVP Jorge Arrieta sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $66.25, for a total transaction of $265,000.00. Following the completion of the transaction, the executive vice president now owns 8,662 shares of the company’s stock, valued at $573,857.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Mark A. Chancy sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $65.38, for a total transaction of $653,800.00. Following the transaction, the insider now directly owns 205,846 shares of the company’s stock, valued at approximately $13,458,211.48. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

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SunTrust Banks Company Profile

SunTrust Banks, Inc operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, institutions, and not-for-profit entities in the United States. It operates in two segments, Consumer and Wholesale. The Consumer segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; professional investment advisory products and services; and trust services, as well as family office solutions.

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Earnings History for SunTrust Banks (NYSE:STI)

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