Regions Financial (RF) Set to Announce Earnings on Friday

Regions Financial (NYSE:RF) is scheduled to be releasing its earnings data before the market opens on Friday, October 18th. Analysts expect Regions Financial to post earnings of $0.51 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Regions Financial (NYSE:RF) last announced its quarterly earnings results on Friday, July 19th. The bank reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Regions Financial had a return on equity of 12.64% and a net margin of 18.91%. Regions Financial’s quarterly revenue was down 11.5% on a year-over-year basis. During the same period last year, the business earned $0.59 earnings per share. On average, analysts expect Regions Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Regions Financial Stock Up 0.9 %

Shares of RF stock opened at $23.99 on Thursday. The stock has a 50 day moving average of $22.52 and a 200 day moving average of $20.83. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.33. The stock has a market cap of $21.97 billion, a P/E ratio of 13.04, a P/E/G ratio of 2.80 and a beta of 1.17. Regions Financial has a twelve month low of $13.72 and a twelve month high of $24.33.

Regions Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.17%. Regions Financial’s dividend payout ratio (DPR) is presently 54.35%.

Analysts Set New Price Targets

A number of analysts have recently commented on RF shares. Citigroup boosted their price objective on Regions Financial from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. The Goldman Sachs Group lifted their price target on Regions Financial from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Bank of America lifted their price target on Regions Financial from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Keefe, Bruyette & Woods lowered their price target on Regions Financial from $22.00 to $21.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 9th. Finally, Royal Bank of Canada lifted their price target on Regions Financial from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Regions Financial has a consensus rating of “Hold” and an average target price of $22.86.

Regions Financial Company Profile

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.