$162.25 Million in Sales Expected for Home Bancshares Inc (HOMB) This Quarter
Brokerages expect that Home Bancshares Inc (NASDAQ:HOMB) will announce sales of $162.25 million for the current quarter, Zacks reports. Two analysts have issued estimates for Home Bancshares’ earnings, with estimates ranging from $161.90 million to $162.60 million. Home Bancshares posted sales of $131.29 million during the same quarter last year, which would indicate a positive year over year growth rate of 23.6%. The company is scheduled to report its next earnings report on Thursday, April 19th.
On average, analysts expect that Home Bancshares will report full year sales of $162.25 million for the current financial year, with estimates ranging from $673.30 million to $675.60 million. For the next fiscal year, analysts expect that the business will report sales of $716.75 million per share, with estimates ranging from $714.80 million to $718.70 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow Home Bancshares.
Home Bancshares (NASDAQ:HOMB) last released its earnings results on Thursday, January 18th. The financial services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. The business had revenue of $164.30 million during the quarter, compared to analyst estimates of $165.40 million. Home Bancshares had a net margin of 21.79% and a return on equity of 11.18%. The business’s quarterly revenue was up 28.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 earnings per share.
Shares of Home Bancshares (HOMB) traded down $0.06 during trading hours on Friday, hitting $23.32. 650,600 shares of the company traded hands, compared to its average volume of 949,270. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76. The stock has a market cap of $4,050.00, a P/E ratio of 25.63 and a beta of 1.15. Home Bancshares has a fifty-two week low of $20.82 and a fifty-two week high of $29.69.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Wednesday, February 14th will be given a $0.11 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.89%. Home Bancshares’s payout ratio is 48.35%.
A number of hedge funds have recently added to or reduced their stakes in the business. Profund Advisors LLC grew its position in shares of Home Bancshares by 16.6% during the 4th quarter. Profund Advisors LLC now owns 27,682 shares of the financial services provider’s stock worth $644,000 after buying an additional 3,938 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Home Bancshares during the 4th quarter worth approximately $570,000. Alliancebernstein L.P. grew its position in shares of Home Bancshares by 2.9% during the 4th quarter. Alliancebernstein L.P. now owns 241,800 shares of the financial services provider’s stock worth $5,622,000 after buying an additional 6,922 shares during the period. Kennedy Capital Management Inc. grew its position in shares of Home Bancshares by 36.1% during the 4th quarter. Kennedy Capital Management Inc. now owns 1,138,117 shares of the financial services provider’s stock worth $26,461,000 after buying an additional 301,650 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Home Bancshares during the 4th quarter worth approximately $876,000. Institutional investors own 63.00% of the company’s stock.
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About Home Bancshares
Home BancShares, Inc is a bank holding company. The Company is engaged in providing a range of commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals and municipalities through its community bank subsidiary, Centennial Bank (the Bank).
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