First Financial Co. (NASDAQ:THFF) Expected to Announce Quarterly Sales of $48.85 Million

Brokerages expect First Financial Co. (NASDAQ:THFF – Get Rating) to announce sales of $48.85 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for First Financial’s earnings, with the lowest sales estimate coming in at $48.70 million and the highest estimate coming in at $49.00 million. First Financial posted sales of $46.56 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.9%. The firm is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that First Financial will report full year sales of $198.50 million for the current financial year, with estimates ranging from $197.00 million to $200.00 million. For the next fiscal year, analysts anticipate that the business will post sales of $209.40 million, with estimates ranging from $208.80 million to $210.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow First Financial.

First Financial (NASDAQ:THFF – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The bank reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.63. First Financial had a return on equity of 11.57% and a net margin of 30.36%.

THFF has been the topic of several recent research reports. StockNews.com raised shares of First Financial from a “hold” rating to a “buy” rating in a report on Monday, May 2nd. Raymond James raised shares of First Financial from a “market perform” rating to an “outperform” rating and set a $49.00 price target for the company in a research report on Tuesday, April 12th. Finally, Zacks Investment Research upgraded shares of First Financial from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Friday, February 4th.

Shares of THFF stock opened at $43.75 on Friday. The business’s fifty day simple moving average is $43.82 and its 200-day simple moving average is $44.57. The company has a market cap of $543.46 million, a PE ratio of 9.25 and a beta of 0.67. The company has a current ratio of 0.75, a quick ratio of 0.77 and a debt-to-equity ratio of 0.03. First Financial has a 12-month low of $37.69 and a 12-month high of $47.10.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC boosted its stake in shares of First Financial by 795.3% in the first quarter. Quadrant Capital Group LLC now owns 573 shares of the bank’s stock valued at $25,000 after purchasing an additional 509 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in shares of First Financial in the third quarter valued at $27,000. Lazard Asset Management LLC bought a new position in First Financial during the 4th quarter valued at $28,000. Simplex Trading LLC bought a new position in First Financial during the 1st quarter valued at $74,000. Finally, KBC Group NV bought a new position in First Financial during the 3rd quarter valued at $153,000. Institutional investors own 67.22% of the company’s stock.

First Financial Company Profile (Get Rating)

First Financial Corporation, through its subsidiaries, provides various financial services. It offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. The company also provides commercial loans primarily to expand a business or finance asset purchases; residential real estate and residential real estate construction loans; and home equity loans and lines, secured loans, and cash/CD secured and unsecured loans.

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