Analysts expect Hancock Whitney Co. (NASDAQ:HWC – Get Rating) to report $328.88 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Hancock Whitney’s earnings. The lowest sales estimate is $325.00 million and the highest is $333.80 million. Hancock Whitney posted sales of $328.92 million during the same quarter last year, which would suggest a negative year over year growth rate of 0%. The business is expected to report its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Hancock Whitney will report full year sales of $1.33 billion for the current year, with estimates ranging from $1.31 billion to $1.35 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.44 billion, with estimates ranging from $1.38 billion to $1.50 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Hancock Whitney.
Hancock Whitney (NASDAQ:HWC – Get Rating) last released its earnings results on Tuesday, April 19th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.08. The firm had revenue of $311.90 million for the quarter, compared to analyst estimates of $316.28 million. Hancock Whitney had a return on equity of 14.18% and a net margin of 36.08%. During the same period in the previous year, the company earned $1.21 earnings per share.
NASDAQ:HWC opened at $46.85 on Thursday. The business’s 50-day moving average price is $50.09 and its 200 day moving average price is $51.46. The firm has a market cap of $4.05 billion, a P/E ratio of 8.66 and a beta of 1.42. Hancock Whitney has a 52-week low of $39.07 and a 52-week high of $59.82. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.07.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Monday, June 6th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, June 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 2.31%. Hancock Whitney’s payout ratio is presently 19.96%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in Hancock Whitney during the 1st quarter worth about $622,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Hancock Whitney during the 1st quarter valued at about $337,000. Point72 Hong Kong Ltd acquired a new stake in shares of Hancock Whitney during the 1st quarter valued at about $342,000. Goldman Sachs Group Inc. lifted its holdings in shares of Hancock Whitney by 13.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,295,121 shares of the company’s stock valued at $119,690,000 after buying an additional 266,428 shares during the last quarter. Finally, Journey Strategic Wealth LLC acquired a new stake in shares of Hancock Whitney during the 1st quarter valued at about $207,000. Hedge funds and other institutional investors own 78.36% of the company’s stock.
About Hancock Whitney (Get Rating)
Hancock Whitney Corporation operates as the bank holding company for Hancock Whitney Bank that provides a range of banking products and services to commercial, small business, and retail customers. It accepts various deposit products, such as noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.
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