Wells Fargo & Company (NYSE:WFC – Get Free Report) will be posting its quarterly earnings results before the market opens on Friday, July 12th. Analysts expect Wells Fargo & Company to post earnings of $1.25 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
Wells Fargo & Company (NYSE:WFC – Get Free Report) last released its quarterly earnings data on Friday, April 12th. The financial services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. Wells Fargo & Company had a return on equity of 12.30% and a net margin of 15.63%. The firm had revenue of $20.86 billion for the quarter, compared to analysts’ expectations of $20.19 billion. During the same period in the prior year, the firm posted $1.23 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts expect Wells Fargo & Company to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Wells Fargo & Company Stock Performance
NYSE WFC opened at $59.88 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.87 and a quick ratio of 0.86. The company has a market capitalization of $208.76 billion, a PE ratio of 12.50, a P/E/G ratio of 1.47 and a beta of 1.17. Wells Fargo & Company has a 1 year low of $38.38 and a 1 year high of $62.55. The company has a fifty day moving average of $59.54 and a two-hundred day moving average of $55.67.
Wells Fargo & Company Dividend Announcement
Wall Street Analyst Weigh In
Several research firms recently issued reports on WFC. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $62.00 price objective (up from $56.00) on shares of Wells Fargo & Company in a report on Wednesday, March 27th. Evercore ISI boosted their price objective on shares of Wells Fargo & Company from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, June 25th. StockNews.com raised shares of Wells Fargo & Company from a “sell” rating to a “hold” rating in a research report on Monday, April 15th. Jefferies Financial Group increased their price objective on shares of Wells Fargo & Company from $62.00 to $64.00 and gave the company a “hold” rating in a report on Wednesday, July 3rd. Finally, Citigroup reiterated a “neutral” rating and issued a $63.00 price target (up previously from $57.00) on shares of Wells Fargo & Company in a report on Wednesday, March 20th. Thirteen investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Wells Fargo & Company currently has a consensus rating of “Hold” and an average price target of $59.36.
Get Our Latest Stock Report on Wells Fargo & Company
Wells Fargo & Company Company Profile
Wells Fargo & Company, a financial services company, provides diversified banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. The company operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.
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