Huntington Bancshares (HBAN) Scheduled to Post Quarterly Earnings on Thursday
Huntington Bancshares (NASDAQ:HBAN) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Huntington Bancshares has set its FY 2019 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.
Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, July 25th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Huntington Bancshares had a return on equity of 14.23% and a net margin of 25.77%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm posted $0.30 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts expect Huntington Bancshares to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Huntington Bancshares stock opened at $14.43 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.90 and a quick ratio of 0.90. Huntington Bancshares has a 1 year low of $11.12 and a 1 year high of $14.97. The company has a market capitalization of $14.73 billion, a P/E ratio of 12.03, a P/E/G ratio of 1.42 and a beta of 1.45. The business has a 50 day moving average price of $14.09 and a 200 day moving average price of $13.61.
HBAN has been the subject of several research reports. ValuEngine downgraded Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Monday. Nomura set a $14.00 target price on shares of Huntington Bancshares and gave the stock a “hold” rating in a research note on Friday, July 26th. DA Davidson cut shares of Huntington Bancshares from a “buy” rating to a “neutral” rating and set a $16.00 target price for the company. in a research note on Friday, September 13th. They noted that the move was a valuation call. Macquarie cut shares of Huntington Bancshares from a “neutral” rating to an “underperform” rating and set a $13.78 target price for the company. in a research note on Friday, July 12th. Finally, BMO Capital Markets cut shares of Huntington Bancshares from a “market perform” rating to an “underperform” rating and set a $14.00 target price for the company. in a research note on Monday, July 8th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Huntington Bancshares currently has an average rating of “Hold” and an average target price of $15.09.
About Huntington Bancshares
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
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