Truist Financial (TFC) Projected to Post Quarterly Earnings on Thursday

Truist Financial (NYSE:TFC) will likely be announcing its earnings results before the market opens on Thursday, April 17th. Analysts expect the company to announce 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.Individual that wish to listen to the company’s earnings 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 the consensus estimate of $0.88 by $0.03. The firm had revenue of $5.11 billion for 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 company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 EPS. 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 Stock Performance

TFC stock opened at $38.06 on Thursday. Truist Financial has a 12-month low of $33.56 and a 12-month high of $49.06. The firm has a market cap of $49.68 billion, a PE ratio of 11.43, a P/E/G ratio of 1.63 and a beta of 0.91. The business has a 50 day moving average of $42.83 and a 200-day moving average of $44.09. The company has a quick ratio of 0.83, a current 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. Investors of record on Friday, February 14th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date of this dividend was Friday, February 14th. Truist Financial’s dividend payout ratio (DPR) is currently 62.46%.

Institutional Investors Weigh In On Truist Financial

An institutional investor recently raised its position in Truist Financial stock. Brighton Jones LLC boosted its holdings in shares of Truist Financial Co. (NYSE:TFC) by 148.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,581 shares of the insurance provider’s stock after buying 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. Hedge funds and other institutional investors own 71.28% of the company’s stock.

Analysts Set New Price Targets

TFC has been the subject of several analyst reports. Barclays raised their price objective on shares of Truist Financial from $47.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Stephens upped their price target on Truist Financial from $54.00 to $57.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Wells Fargo & Company reduced their price target on shares of Truist Financial from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Morgan Stanley decreased their price objective on shares of Truist Financial from $50.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, HSBC upgraded Truist Financial from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.22.

About Truist Financial

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.