Earnings Clues on Hanesbrands Inc. (HBI), SunTrust Banks, Inc. (STI) Analyst's Predictions

Paterniano Del Favero
Agosto 19, 2017

SunTrust Banks, Inc. (NYSE:STI) belongs to Financial sector, recorded a price change of 0.07% in last trade close. (NYSE:STI). 9,693 were reported by Court Place Advsr Ltd Liability Co. Boothbay Fund Mgmt holds 3,905 shares. Johnson Susan S sold $45,291 worth of SunTrust Banks, Inc.

A number of other hedge funds have also recently made changes to their positions in the company. This is an increase from SunTrust Banks's previous quarterly dividend of $0.26. Guardian Life Insurance Co. of America now owns 1,893 shares of the financial services provider's stock worth $105,000 after buying an additional 18 shares during the last quarter. $1.34M worth of SunTrust Banks, Inc. Legal & General Group Plc now owns 2,434,748 shares of the financial services provider's stock valued at $138,098,000 after buying an additional 47,164 shares during the last quarter. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. Independent Portfolio Consultants Inc. now owns 2,648 shares of the financial services provider's stock worth $150,000 after buying an additional 1,718 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of SunTrust Banks during the first quarter valued at $117,000. Finally, Ronald Blue & Co. Lmr Partners Llp owns 0.24% invested in SunTrust Banks, Inc. The Company offers a line of financial services for consumers, businesses, corporations, institutions and not-for-profit entities, both through its branches (located primarily in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia), and through other national delivery channels. The FCF Growth of SunTrust Banks, Inc.

SunTrust Banks (NYSE STI) opened at 56.13 on Friday.

It is now trading at $56.13 a tad under the 50 day moving average of $57.08 and which is a tad under the 200 day moving average of $56.68. The company has a market capitalization of $27.03 billion, a PE ratio of 14.93 and a beta of 1.33. SunTrust Banks, Inc. (NYSE:STI) has risen 26.82% since August 18, 2016 and is uptrending. The financial services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05, Bloomberg Earnings reports. Suntrust Banks Inc. had 67 analyst reports since July 20, 2015 according to SRatingsIntel. The business had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same quarter in the prior year, the firm earned $0.94 earnings per share. The business's quarterly revenue was up 2.0% compared to the same quarter previous year. In the latest earnings report the EPS was $3.76 and is expected to be $4.04 for the current year with 481,635,000 shares now outstanding.

SunTrust Banks announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 28th that permits the company to buyback $1.32 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 4.9% of its shares through open market purchases. Highland Capital Management Llc sold 80,219 shares as the company's stock declined 9.30% while stock markets rallied.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. It increased, as 31 investors sold Store Capital Corp shares while 59 reduced holdings. The ex-dividend date was set for Friday the 26th of May 2017. (NYSE:STI) for 1.85M shares.

ILLEGAL ACTIVITY NOTICE: "SunTrust Banks, Inc". SunTrust Banks's payout ratio is 27.73%.

Several research firms have recently commented on STI. Morgan Stanley raised shares of SunTrust Banks from an "underweight" rating to an "equal weight" rating and set a $63.00 price objective for the company in a report on Thursday, August 3rd. Oppenheimer Holdings, Inc. reaffirmed a "hold" rating on shares of SunTrust Banks in a research note on Sunday, April 23rd. Finally, Wells Fargo & Company began coverage on SunTrust Banks in a research note on Wednesday, August 9th.

Among 7 analysts covering Coherent (NASDAQ:COHR), 7 have Buy rating, 0 Sell and 0 Hold. SunTrust Banks now has an average rating of "Hold" and a consensus target price of $59.18.

06/05/2017 - SunTrust Banks, Inc. was upgraded to "neutral" by analysts at Robert W. Baird. Mackenzie Corporation owns 0.06% invested in SunTrust Banks, Inc. The Business's business segments include Consumer Banking and Private Wealth Management, Wholesale Banking, Mortgage Banking and Corporate Other. The Business's other subsidiaries provide capital markets, mortgage banking, securities brokerage, online consumer lending, and asset and wealth management services. It increased, as 44 investors sold STI shares while 254 reduced holdings.

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