Wall Street analysts forecast that PNC Financial Services Group Inc (NYSE:PNC) will post $4.41 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for PNC Financial Services Group’s earnings. The lowest sales estimate is $4.40 billion and the highest is $4.43 billion. PNC Financial Services Group reported sales of $4.29 billion during the same quarter last year, which indicates a positive year over year growth rate of 2.8%. The company is expected to announce its next quarterly earnings report on Friday, April 10th.

According to Zacks, analysts expect that PNC Financial Services Group will report full-year sales of $17.98 billion for the current fiscal year, with estimates ranging from $17.62 billion to $18.10 billion. For the next year, analysts forecast that the firm will post sales of $18.44 billion, with estimates ranging from $17.75 billion to $18.79 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow PNC Financial Services Group.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $2.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.92 by $0.05. The firm had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.48 billion. PNC Financial Services Group had a return on equity of 10.92% and a net margin of 24.83%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.75 earnings per share.

Several research analysts have recently commented on the company. Morgan Stanley lifted their price objective on PNC Financial Services Group from $160.00 to $162.00 and gave the stock an “equal weight” rating in a report on Monday, December 23rd. UBS Group reduced their price target on PNC Financial Services Group from $157.00 to $154.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Royal Bank of Canada downgraded PNC Financial Services Group from a “top pick” rating to an “outperform” rating and set a $155.00 price target on the stock. in a report on Monday, December 9th. ValuEngine downgraded PNC Financial Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Finally, Bank of America upgraded PNC Financial Services Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $144.00 to $178.00 in a report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. PNC Financial Services Group has an average rating of “Hold” and an average price target of $158.18.

In other PNC Financial Services Group news, EVP E William Parsley III sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $152.20, for a total transaction of $3,044,000.00. Also, EVP Michael J. Hannon sold 4,178 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $151.50, for a total value of $632,967.00. Following the transaction, the executive vice president now owns 55,711 shares in the company, valued at approximately $8,440,216.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,178 shares of company stock worth $6,771,967. 0.37% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Sigma Planning Corp grew its holdings in shares of PNC Financial Services Group by 9.0% during the 3rd quarter. Sigma Planning Corp now owns 10,128 shares of the financial services provider’s stock worth $1,420,000 after acquiring an additional 838 shares during the period. Citizens Financial Group Inc RI boosted its position in shares of PNC Financial Services Group by 5.8% in the 4th quarter. Citizens Financial Group Inc RI now owns 14,813 shares of the financial services provider’s stock worth $2,365,000 after purchasing an additional 808 shares in the last quarter. First Allied Advisory Services Inc. boosted its position in shares of PNC Financial Services Group by 7.1% in the 4th quarter. First Allied Advisory Services Inc. now owns 12,568 shares of the financial services provider’s stock worth $2,011,000 after purchasing an additional 836 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of PNC Financial Services Group by 323.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,870 shares of the financial services provider’s stock worth $618,000 after purchasing an additional 2,955 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in shares of PNC Financial Services Group by 4.4% in the 3rd quarter. Pictet Asset Management Ltd. now owns 247,219 shares of the financial services provider’s stock worth $34,650,000 after purchasing an additional 10,323 shares in the last quarter. Hedge funds and other institutional investors own 70.99% of the company’s stock.

Shares of PNC traded down $4.99 during trading hours on Monday, hitting $148.81. The company had a trading volume of 2,234,698 shares, compared to its average volume of 1,994,013. The firm has a market cap of $68.48 billion, a P/E ratio of 13.05, a P/E/G ratio of 1.66 and a beta of 1.14. The stock’s 50 day moving average price is $153.67 and its 200 day moving average price is $146.58. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.22. PNC Financial Services Group has a 52-week low of $118.70 and a 52-week high of $161.79.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Friday, January 17th were issued a dividend of $1.15 per share. The ex-dividend date was Thursday, January 16th. This represents a $4.60 dividend on an annualized basis and a yield of 3.09%. PNC Financial Services Group’s dividend payout ratio is presently 40.39%.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

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Earnings History and Estimates for PNC Financial Services Group (NYSE:PNC)

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