Regions Financial (RF) Scheduled to Post Earnings on Friday

Regions Financial (NYSE:RF) will be issuing its quarterly earnings data before the market opens on Friday, October 18th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Regions Financial (NYSE:RF) last posted its earnings results on Friday, July 19th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.76 billion. Regions Financial had a net margin of 18.91% and a return on equity of 12.64%. The firm’s quarterly revenue was down 11.5% on a year-over-year basis. During the same period in the previous year, the firm posted $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 Price Performance

Shares of RF opened at $23.76 on Wednesday. Regions Financial has a fifty-two week low of $13.72 and a fifty-two week high of $24.33. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $21.76 billion, a P/E ratio of 12.91, a P/E/G ratio of 2.80 and a beta of 1.17. The business’s 50-day moving average is $22.45 and its two-hundred day moving average is $20.81.

Wall Street Analyst Weigh In

RF has been the topic of a number of recent analyst reports. Wedbush upgraded Regions Financial from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $23.00 to $28.00 in a research report on Tuesday, September 24th. Citigroup increased their target price on Regions Financial from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. StockNews.com raised shares of Regions Financial from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Bank of America upped their price objective on shares of Regions Financial from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Finally, The Goldman Sachs Group lifted their target price on shares of Regions Financial from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.