First Busey (BUSE) Scheduled to Post Quarterly Earnings on Tuesday
First Busey (NASDAQ:BUSE) will be announcing its earnings results after the market closes on Tuesday, October 23rd. Analysts expect the company to announce earnings of $0.55 per share for the quarter.
First Busey (NASDAQ:BUSE) last released its quarterly earnings data on Tuesday, July 24th. The bank reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). First Busey had a return on equity of 9.97% and a net margin of 21.51%. The firm had revenue of $83.17 million during the quarter, compared to the consensus estimate of $84.85 million. On average, analysts expect First Busey to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NASDAQ BUSE opened at $28.71 on Monday. The company has a market cap of $1.40 billion, a PE ratio of 15.19, a P/E/G ratio of 2.24 and a beta of 0.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.87 and a current ratio of 0.88. First Busey has a fifty-two week low of $28.34 and a fifty-two week high of $33.25.
BUSE has been the topic of several analyst reports. BidaskClub downgraded First Busey from a “buy” rating to a “hold” rating in a research report on Saturday, June 30th. FIG Partners reissued an “outperform” rating on shares of First Busey in a research report on Wednesday, July 25th. Zacks Investment Research raised First Busey from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, B. Riley set a $36.00 target price on First Busey and gave the company a “buy” rating in a research report on Monday, October 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $33.60.
First Busey Company Profile
First Busey Corporation operates as the bank holding company for Busey Bank that provides retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The company operates in three segments: Banking, Remittance Processing, and Wealth Management.
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