Northern Trust Co. (NASDAQ:NTRS) Expected to Announce Quarterly Sales of $1.75 Billion

Analysts predict that Northern Trust Co. (NASDAQ:NTRS – Get Rating) will post sales of $1.75 billion for the current quarter, according to Zacks. Four analysts have issued estimates for Northern Trust’s earnings, with estimates ranging from $1.70 billion to $1.79 billion. Northern Trust reported sales of $1.58 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.8%. The company is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Northern Trust will report full-year sales of $7.09 billion for the current year, with estimates ranging from $6.89 billion to $7.26 billion. For the next fiscal year, analysts anticipate that the company will report sales of $7.61 billion, with estimates ranging from $7.36 billion to $7.85 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Northern Trust.

Northern Trust (NASDAQ:NTRS – Get Rating) last announced its quarterly earnings results on Tuesday, April 26th. The asset manager reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.13. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.69 billion. Northern Trust had a return on equity of 14.30% and a net margin of 23.57%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.70 earnings per share.

A number of research analysts recently issued reports on the company. StockNews.com began coverage on Northern Trust in a research report on Thursday, March 31st. They set a “hold” rating for the company. Morgan Stanley reduced their price target on Northern Trust from $135.00 to $126.00 and set an “equal weight” rating for the company in a research report on Monday, March 28th. Keefe, Bruyette & Woods raised Northern Trust from a “market perform” rating to an “outperform” rating and increased their price target for the company from $130.00 to $152.00 in a research report on Monday, January 10th. The Goldman Sachs Group raised Northern Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $128.00 to $141.00 in a research report on Wednesday, March 30th. Finally, Citigroup reduced their price target on Northern Trust from $140.00 to $130.00 in a research report on Tuesday, January 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Northern Trust has an average rating of “Hold” and a consensus price target of $129.75.

NASDAQ:NTRS opened at $105.35 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.69 and a current ratio of 0.68. The company has a market cap of $21.95 billion, a PE ratio of 14.63 and a beta of 1.13. Northern Trust has a 52-week low of $102.28 and a 52-week high of $135.15. The stock has a 50-day simple moving average of $111.42 and a 200 day simple moving average of $117.92.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Friday, June 10th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Thursday, June 9th. This represents a $2.80 dividend on an annualized basis and a yield of 2.66%. Northern Trust’s dividend payout ratio (DPR) is presently 38.89%.

In other Northern Trust news, EVP Lauren E. Allnutt sold 393 shares of the firm’s stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $105.61, for a total transaction of $41,504.73. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.55% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Moors & Cabot Inc. grew its position in Northern Trust by 599.3% during the 3rd quarter. Moors & Cabot Inc. now owns 25,000 shares of the asset manager’s stock worth $25,000 after acquiring an additional 21,425 shares during the last quarter. Delos Wealth Advisors LLC bought a new stake in Northern Trust during the 4th quarter worth $25,000. Trust Co. of Vermont bought a new stake in Northern Trust during the 4th quarter worth $36,000. Covestor Ltd bought a new stake in Northern Trust during the 4th quarter worth $36,000. Finally, Atwood & Palmer Inc. grew its position in Northern Trust by 34.5% during the 1st quarter. Atwood & Palmer Inc. now owns 390 shares of the asset manager’s stock worth $46,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 81.35% of the company’s stock.

Northern Trust Company Profile (Get Rating)

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Corporate & Institutional Services (C&IS) and Wealth Management.

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