$519.53 Million in Sales Expected for East West Bancorp, Inc. (NASDAQ:EWBC) This Quarter

Analysts predict that East West Bancorp, Inc. (NASDAQ:EWBCGet Rating) will report $519.53 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for East West Bancorp’s earnings, with estimates ranging from $516.00 million to $526.00 million. East West Bancorp reported sales of $444.90 million in the same quarter last year, which indicates a positive year over year growth rate of 16.8%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that East West Bancorp will report full-year sales of $2.12 billion for the current fiscal year, with estimates ranging from $1.99 billion to $2.17 billion. For the next year, analysts forecast that the company will post sales of $2.47 billion, with estimates ranging from $2.27 billion to $2.64 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for East West Bancorp.

East West Bancorp (NASDAQ:EWBCGet Rating) last issued its quarterly earnings results on Thursday, April 21st. The financial services provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.13. East West Bancorp had a return on equity of 15.90% and a net margin of 46.15%. The firm had revenue of $495.00 million during the quarter, compared to analyst estimates of $478.35 million. During the same period last year, the company earned $1.44 EPS. East West Bancorp’s quarterly revenue was up 16.0% compared to the same quarter last year.

EWBC has been the subject of a number of research analyst reports. StockNews.com initiated coverage on East West Bancorp in a research note on Thursday, March 31st. They set a “hold” rating for the company. Wells Fargo & Company raised their price target on East West Bancorp from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, April 22nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, East West Bancorp currently has an average rating of “Buy” and an average price target of $95.00.

Several large investors have recently made changes to their positions in the company. Toroso Investments LLC increased its holdings in shares of East West Bancorp by 16.5% in the 1st quarter. Toroso Investments LLC now owns 7,944 shares of the financial services provider’s stock valued at $628,000 after acquiring an additional 1,123 shares during the period. Capital International Sarl increased its holdings in shares of East West Bancorp by 6.5% in the 1st quarter. Capital International Sarl now owns 33,710 shares of the financial services provider’s stock valued at $2,664,000 after acquiring an additional 2,059 shares during the period. WESPAC Advisors SoCal LLC increased its holdings in shares of East West Bancorp by 31.1% in the 1st quarter. WESPAC Advisors SoCal LLC now owns 16,388 shares of the financial services provider’s stock valued at $1,295,000 after acquiring an additional 3,888 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of East West Bancorp by 67.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 80,073 shares of the financial services provider’s stock valued at $6,327,000 after acquiring an additional 32,252 shares during the period. Finally, Golden State Equity Partners increased its holdings in shares of East West Bancorp by 16.4% in the 1st quarter. Golden State Equity Partners now owns 3,883 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 548 shares during the period. Institutional investors and hedge funds own 89.44% of the company’s stock.

Shares of EWBC stock opened at $70.82 on Tuesday. East West Bancorp has a 52-week low of $65.87 and a 52-week high of $93.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.87 and a current ratio of 0.88. The firm has a market capitalization of $10.07 billion, a P/E ratio of 11.21, a P/E/G ratio of 0.98 and a beta of 1.55. The stock has a 50 day moving average price of $76.16 and a 200 day moving average price of $80.42.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Monday, May 2nd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, April 29th. This represents a $1.60 annualized dividend and a yield of 2.26%. East West Bancorp’s payout ratio is currently 25.32%.

East West Bancorp Company Profile (Get Rating)

East West Bancorp, Inc operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals. It operates through three segments: Consumer and Business Banking, Commercial Banking, and Other. The company accepts various deposit products, such as personal and business checking and savings accounts, money market, and time deposits.

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Earnings History and Estimates for East West Bancorp (NASDAQ:EWBC)

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