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

The PNC Financial Services Group (NYSE:PNC) is projected to post its quarterly earnings results before the market opens on Tuesday, April 15th. Analysts expect The PNC Financial Services Group to post 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.Parties that wish to listen to the company’s conference call can do so using this link.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.51. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The company had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same quarter in the previous year, the firm posted $3.16 EPS. The PNC Financial Services Group’s revenue was up 3.8% on a year-over-year basis. 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 Price Performance

Shares of NYSE PNC opened at $151.57 on Friday. The firm has a market cap of $59.98 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 1.55 and a beta of 1.04. The stock has a fifty day simple moving average of $178.30 and a two-hundred day simple moving average of $190.17. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.13. The PNC Financial Services Group has a 1-year low of $143.52 and a 1-year high of $216.26.

The PNC Financial Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $1.60 per share. The ex-dividend date is Wednesday, April 16th. This represents a $6.40 annualized dividend and a dividend yield of 4.22%. The PNC Financial Services Group’s payout ratio is 46.55%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PNC shares. HSBC raised shares of The PNC Financial Services Group from a “hold” rating to a “buy” rating and dropped their price objective for the company from $206.00 to $202.00 in a report on Monday, March 31st. Truist Financial cut their price objective on shares of The PNC Financial Services Group from $216.00 to $208.00 and set a “hold” rating for the company in a report on Friday, April 4th. Morgan Stanley lowered their target price on shares of The PNC Financial Services Group from $188.00 to $179.00 and set an “underweight” rating on the stock in a report on Monday, April 7th. Hsbc Global Res upgraded The PNC Financial Services Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 31st. Finally, Stephens reiterated an “equal weight” rating and issued a $200.00 price target on shares of The PNC Financial Services Group in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, The PNC Financial Services Group currently has an average rating of “Hold” and an average target price of $203.47.

Insider Buying and Selling

In other news, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction on Friday, January 24th. The shares were sold at an average price of $196.17, for a total transaction of $243,643.14. Following the completion of the sale, the chief executive officer now directly owns 523,829 shares of the company’s stock, valued at approximately $102,759,534.93. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 12,420 shares of company stock worth $2,276,870. Insiders own 0.41% of the company’s stock.

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 shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 32.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,041 shares of the financial services provider’s stock after purchasing an additional 984 shares during the quarter. Brighton Jones LLC’s holdings in The PNC Financial Services Group were worth $779,000 as of its most recent SEC filing. 83.53% of the stock is owned by hedge funds and other institutional investors.

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.