SunTrust Banks (NYSE:STI) is scheduled to announce its earnings results before the market opens on Thursday, January 18th.

SunTrust Banks (NYSE:STI) last announced its quarterly earnings results on Friday, October 20th. The financial services provider reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. SunTrust Banks had a return on equity of 8.83% and a net margin of 20.88%. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter last year, the business posted $0.91 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts expect SunTrust Banks to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

SunTrust Banks (STI) opened at $68.30 on Wednesday. SunTrust Banks has a 52-week low of $51.96 and a 52-week high of $69.56. The firm has a market capitalization of $32,510.00, a price-to-earnings ratio of 17.51, a PEG ratio of 1.37 and a beta of 1.29. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.94 and a quick ratio of 0.93.

In other SunTrust Banks news, Director Kyle P. Legg sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $21.82, for a total value of $72,006.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Mark A. Chancy sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $60.06, for a total value of $240,240.00. The disclosure for this sale can be found here. 0.55% of the stock is currently owned by company insiders.

A number of research analysts have recently weighed in on STI shares. Zacks Investment Research upgraded SunTrust Banks from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Tuesday, October 10th. Piper Jaffray Companies restated a “buy” rating and issued a $63.00 price target on shares of SunTrust Banks in a research report on Wednesday, October 4th. Jefferies Group reaffirmed a “buy” rating and set a $69.00 price objective on shares of SunTrust Banks in a research note on Thursday, October 12th. Royal Bank of Canada reaffirmed a “buy” rating and set a $65.00 price objective on shares of SunTrust Banks in a research note on Monday, October 23rd. Finally, UBS Group raised SunTrust Banks from a “neutral” rating to a “buy” rating and increased their price objective for the company from $62.00 to $73.00 in a research note on Tuesday, December 12th. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $67.88.

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About SunTrust Banks

SunTrust Banks, Inc is a provider of financial services. The Company’s principal subsidiary is SunTrust Bank (the Bank). The Company’s business segments include Consumer Banking and Private Wealth Management, Wholesale Banking, Mortgage Banking and Corporate Other. As of December 31, 2016, the Consumer Banking and Private Wealth Management segment consisted of three primary businesses: Consumer Banking, Consumer Lending and Private Wealth Management.

Earnings History for SunTrust Banks (NYSE:STI)

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