Analysts predict Webster Financial Co. (NYSE: WBS) to report earnings per share of $ 1.04
Stock analysts expect Webster Financial Co. (NYSE: WBS) to post earnings of $ 1.04 per share for the current fiscal quarter, Zacks reports. Five analysts made estimates for Webster Financial’s earnings, with the highest EPS estimate at $ 1.16 and the lowest estimate at $ 0.90. Webster Financial reported earnings per share of $ 0.75 in the same quarter last year, suggesting a positive year-over-year growth rate of 38.7%. The company is expected to publish its next results on Thursday, October 28.
On average, analysts expect Webster Financial to report annual earnings of $ 4.49 per share for the current fiscal year, with EPS estimates ranging from $ 3.85 to $ 4.82. For next year, analysts predict the company will post earnings of $ 4.91 per share, with EPS estimates ranging from $ 4.80 to $ 5.05. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts who cover Webster Financial.
Webster Financial (NYSE: WBS) last reported its results on Thursday, July 22. The financial services provider announced EPS of $ 1.21 for the quarter, beating Thomson Reuters consensus estimate of $ 1.00 by $ 0.21. Webster Financial posted a return on equity of 12.41% and a net margin of 26.65%. The company posted revenue of $ 293.55 million in the quarter, compared to $ 296.12 million expected by analysts. During the same period of the previous year, the company posted $ 0.61 in EPS. Webster Financial’s revenue for the quarter increased 3.2% year-over-year.
Several research analysts recently published reports on WBS stocks. Raymond James lowered his price target on Webster Financial from $ 64.00 to $ 60.00 and established an “outperformance” rating for the company in a research report released on Friday, July 23. Wedbush lowered its price target on Webster Financial from $ 65.00 to $ 60.00 and set an “outperformance” rating for the company in a research report released on Friday, July 23. Stephens downgraded Webster Financial from an ‘on par’ to an ‘overweight’ rating and raised its price target for the stock from $ 56.00 to $ 60.00 in a research report on Thursday 22 April. Morgan Stanley raised its price target on Webster Financial from $ 60.00 to $ 63.00 and gave the stock an “equal weight” rating in a research report published on Tuesday, April 20. Finally, the Royal Bank of Canada increased its target price on Webster Financial from $ 62.00 to $ 63.00 and gave the company an “outperformance” rating in a report released on Friday July 23. Three equity research analysts rated the stock with a conservation rating and seven issued a buy rating for the company. Webster Financial has an average “Buy” rating and a consensus price target of $ 56.09.
WBS opened at $ 50.74 on Monday. Webster Financial has a 12-month low of $ 23.67 and a 12-month high of $ 63.81. The company has a market cap of $ 4.60 billion, a PE ratio of 14.21 and a beta of 1.54. The company has a debt to equity ratio of 0.22, a current ratio of 0.79, and a quick ratio of 0.79. The company’s fifty-day moving average is $ 52.34.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 17. Shareholders of record on Tuesday August 3 will receive a dividend of $ 0.40 per share. This represents an annualized dividend of $ 1.60 and a return of 3.15%. The ex-dividend date of this dividend is Monday August 2. Webster Financial’s dividend payout ratio is currently 57.55%.
A number of institutional investors and hedge funds have recently bought and sold shares in the company. Norges Bank purchased a new position in Webster Financial shares during the 4th quarter valued at approximately $ 50,955,000. Cramer Rosenthal Mcglynn LLC purchased a new position in Webster Financial shares during the first quarter valued at approximately $ 47,605,000. Wasatch Advisors Inc. increased its stake in shares of Webster Financial by 26.1% during the 1st quarter. Wasatch Advisors Inc. now owns 3,851,375 shares of the financial services provider valued at $ 212,249,000 after purchasing an additional 796,340 shares in the last quarter. BlackRock Inc. increased its stake in Webster Financial shares by 5.7% during the 1st quarter. BlackRock Inc. now owns 8,135,643 shares of the financial services provider valued at $ 448,354,000 after purchasing an additional 439,398 shares in the last quarter. Finally, Holocene Advisors LP purchased a new position in Webster Financial shares during the 1st quarter valued at approximately $ 22,782,000. 87.41% of the shares are held by hedge funds and other institutional investors.
Webster Financial Company Profile
Webster Financial Corporation is the banking holding company of Webster Bank, a national association that provides a range of banking, investment and financial services to individuals, families and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank and Community Banking.
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