SunTrust Banks (STI) Scheduled to Post Earnings on Thursday
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.
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.
COPYRIGHT VIOLATION NOTICE: “SunTrust Banks (STI) Scheduled to Post Earnings on Thursday” was first published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://theolympiareport.com/2019/04/16/suntrust-banks-sti-scheduled-to-post-earnings-on-thursday.html.
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.
Read More: What is a short straddle?
Receive News & Ratings for SunTrust Banks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunTrust Banks and related companies with MarketBeat.com's FREE daily email newsletter.