Truist Financial (TFC) to Release Quarterly Earnings on Thursday

Truist Financial (NYSE:TFC) is projected to post its quarterly earnings results before the market opens on Thursday, April 17th. Analysts expect Truist Financial to post earnings of $0.87 per share and revenue of $4.99 billion for the quarter. Truist Financial has set its Q1 2025 guidance at EPS and its FY 2025 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Truist Financial (NYSE:TFC) last posted its earnings results on Friday, January 17th. The insurance provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $5.05 billion. Truist Financial had a net margin of 15.59% and a return on equity of 9.32%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 earnings per share. On average, analysts expect Truist Financial to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Truist Financial Trading Up 9.0 %

Shares of Truist Financial stock opened at $38.06 on Thursday. The firm’s 50 day moving average is $42.83 and its 200 day moving average is $44.09. The firm has a market capitalization of $49.68 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 1.63 and a beta of 0.91. Truist Financial has a 1 year low of $33.56 and a 1 year high of $49.06. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.61.

Truist Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Friday, February 14th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.08 annualized dividend and a dividend yield of 5.47%. Truist Financial’s dividend payout ratio (DPR) is presently 62.46%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TFC shares. Wells Fargo & Company reduced their price objective on Truist Financial from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Raymond James downgraded Truist Financial from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their target price on shares of Truist Financial from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Baird R W upgraded shares of Truist Financial from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, HSBC raised shares of Truist Financial from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Truist Financial has a consensus rating of “Moderate Buy” and a consensus price target of $50.22.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Truist Financial stock. Brighton Jones LLC boosted its holdings in Truist Financial Co. (NYSE:TFC) by 148.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,581 shares of the insurance provider’s stock after purchasing an additional 14,093 shares during the quarter. Brighton Jones LLC’s holdings in Truist Financial were worth $1,023,000 at the end of the most recent quarter. Institutional investors and hedge funds own 71.28% of the company’s stock.

Truist Financial Company Profile

Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings.Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.