Wells Fargo & Company (NYSE:WFC – Get Free Report) is set to announce its earnings results before the market opens on Friday, October 11th. Analysts expect the company to announce earnings of $1.27 per share for the quarter.
Wells Fargo & Company (NYSE:WFC – Get Free Report) last posted its earnings results on Friday, July 12th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. Wells Fargo & Company had a net margin of 15.17% and a return on equity of 12.30%. The firm had revenue of $20.69 billion during the quarter, compared to the consensus estimate of $20.29 billion. During the same quarter in the prior year, the company earned $1.25 EPS. The company’s revenue was up .8% on a year-over-year basis. On average, analysts expect Wells Fargo & Company to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Wells Fargo & Company Trading Up 3.6 %
NYSE WFC opened at $56.96 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.85 and a current ratio of 0.86. Wells Fargo & Company has a one year low of $38.58 and a one year high of $62.55. The company’s 50 day moving average price is $55.36 and its 200 day moving average price is $57.75. The firm has a market capitalization of $198.58 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 1.32 and a beta of 1.16.
Wells Fargo & Company Increases Dividend
Analyst Ratings Changes
WFC has been the subject of several recent research reports. Morgan Stanley lowered their price target on Wells Fargo & Company from $68.00 to $67.00 and set an “overweight” rating for the company in a report on Monday, September 30th. Evercore ISI raised their target price on Wells Fargo & Company from $65.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday. Keefe, Bruyette & Woods decreased their price target on Wells Fargo & Company from $62.00 to $61.00 and set a “market perform” rating for the company in a report on Monday, July 15th. Deutsche Bank Aktiengesellschaft raised shares of Wells Fargo & Company from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Tuesday, September 3rd. Finally, BMO Capital Markets boosted their target price on shares of Wells Fargo & Company from $55.00 to $57.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Twelve research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Wells Fargo & Company has an average rating of “Hold” and an average target price of $60.41.
Check Out Our Latest Stock Analysis 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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