On April 14th, Wells Fargo & Company (WFC:NYE) will release its earnings data before the market opens. Analysts expect the company to post earnings of $1.18 per Wells Fargo stock share for the quarter.
Previous Earnings Review:
The financial services provider’s last earnings report on January 13th showed $0.67 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.04.
The firm had revenue of $19.66 billion for the quarter. The company’s revenue was down 5.7% compared to the same period last year. The firm’s revenue for the quarter was $20.04 billion.
The consensus for the current fiscal year is for Wells Fargo & Company to post $5 EPS and $5 EPS for the next fiscal year.
Wells Fargo Stock Analysis:
Wells Fargo & Company stock opened at $37.90 on Friday, with a 1-year low of $35.25 and a 1-year high of $50.19. The company has a market cap of $143.15 billion, and its price-to-earnings ratio is 12.07, with a beta of 1.12. The stock’s fifty-day moving average is $43.20, and its 200-day moving average is $43.58.
Analysts rate Wells Fargo stock with a consensus “Buy” rating and an average stock price target of $50.11 over the next year.
Wells Fargo Stock Dividend:
The company recently paid a quarterly dividend of $0.30 per share, representing a $1.20 annualized dividend and a yield of 3.17%. The payout ratio is presently 38.22%.
Investors & Insider Transactions:
Insider Kleber Santos sold 34,698 shares of Wells Fargo stock in February. A number of large investors, including WealthPLAN Partners LLC and Moneta Group Investment Advisors LLC, recently bought and sold shares of the business.
Wells Fargo Stock-Analyst Ratings:
Odeon Capital Group downgraded Wells Fargo & Company from a “buy” rating to a “hold” rating in March.
Piper Sandler and Jefferies Financial Group downgraded the company from “overweight” and “buy” to “neutral” and “hold,” respectively, in January.
Barclays, on the other hand, boosted their price target on the company from $58.00 to $64.00 and gave it an “overweight” rating.
Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally.
It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management.
It also operates through financial advisors. Its serves to independent offices and consumer banks. The company was founded in 1852 and is headquartered in San Francisco, California.