The PNC Financial Services Group (PNC) Expected to Announce Quarterly Earnings on Tuesday

The PNC Financial Services Group (NYSE:PNC) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, April 15th. Analysts expect the company to announce earnings of $3.47 per share and revenue of $5.50 billion for the quarter. The PNC Financial Services Group has set its FY 2025 guidance at EPS and its Q1 2025 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

The PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.26 by $0.51. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. The business had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.51 billion. During the same period in the previous year, the business earned $3.16 EPS. The PNC Financial Services Group’s revenue was up 3.8% compared to the same quarter last year. On average, analysts expect The PNC Financial Services Group to post $15 EPS for the current fiscal year and $17 EPS for the next fiscal year.

The PNC Financial Services Group Trading Down 0.4 %

PNC stock opened at $152.47 on Tuesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $60.34 billion, a price-to-earnings ratio of 11.09, a P/E/G ratio of 1.55 and a beta of 1.04. The business has a fifty day moving average price of $183.93 and a 200 day moving average price of $191.55. The PNC Financial Services Group has a fifty-two week low of $143.52 and a fifty-two week high of $216.26.

The PNC Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Wednesday, April 16th will be given a dividend of $1.60 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $6.40 annualized dividend and a yield of 4.20%. The PNC Financial Services Group’s dividend payout ratio (DPR) is 46.55%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PNC. Hsbc Global Res upgraded shares of The PNC Financial Services Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 31st. Compass Point upped their price objective on The PNC Financial Services Group from $175.00 to $233.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Citigroup lowered their target price on The PNC Financial Services Group from $235.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Truist Financial dropped their price objective on The PNC Financial Services Group from $216.00 to $208.00 and set a “hold” rating for the company in a report on Friday. Finally, Stephens reaffirmed an “equal weight” rating and issued a $200.00 target price on shares of The PNC Financial Services Group in a research note on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $203.47.

Insiders Place Their Bets

In other news, CEO William S. Demchak sold 1,242 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $198.00, for a total value of $245,916.00. Following the completion of the transaction, the chief executive officer now owns 525,071 shares in the company, valued at $103,964,058. This represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 12,420 shares of company stock worth $2,320,739 over the last ninety days. 0.41% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The PNC Financial Services Group

An institutional investor recently raised its position in The PNC Financial Services Group stock. Brighton Jones LLC grew its position in The PNC Financial Services Group, Inc. (NYSE:PNC) by 32.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,041 shares of the financial services provider’s stock after purchasing an additional 984 shares during the period. Brighton Jones LLC’s holdings in The PNC Financial Services Group were worth $779,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.