Analysts Expect WesBanco Inc (WSBC) Will Post Quarterly Sales of $128.15 Million
Wall Street analysts expect WesBanco Inc (NASDAQ:WSBC) to report sales of $128.15 million for the current quarter, Zacks reports. Four analysts have made estimates for WesBanco’s earnings. The lowest sales estimate is $126.11 million and the highest is $130.46 million. WesBanco posted sales of $97.27 million in the same quarter last year, which would indicate a positive year over year growth rate of 31.7%. The firm is expected to issue its next quarterly earnings results on Tuesday, April 16th.
According to Zacks, analysts expect that WesBanco will report full-year sales of $517.14 million for the current fiscal year, with estimates ranging from $515.29 million to $521.30 million. For the next year, analysts expect that the business will report sales of $529.29 million, with estimates ranging from $521.66 million to $539.20 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover WesBanco.
WesBanco (NASDAQ:WSBC) last posted its quarterly earnings results on Monday, January 28th. The financial services provider reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). WesBanco had a net margin of 27.77% and a return on equity of 9.72%. The business had revenue of $128.33 million during the quarter, compared to analysts’ expectations of $130.42 million. During the same period in the previous year, the company posted $0.66 earnings per share.
Institutional investors have recently modified their holdings of the business. MCF Advisors LLC raised its position in shares of WesBanco by 496.9% in the fourth quarter. MCF Advisors LLC now owns 955 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 795 shares during the period. Quantamental Technologies LLC acquired a new position in shares of WesBanco during the 4th quarter worth about $70,000. Ancora Advisors LLC acquired a new position in shares of WesBanco during the 3rd quarter worth about $103,000. Legacy Financial Advisors Inc. acquired a new position in shares of WesBanco during the 3rd quarter worth about $108,000. Finally, Panagora Asset Management Inc. acquired a new position in shares of WesBanco during the 3rd quarter worth about $126,000. Institutional investors and hedge funds own 56.82% of the company’s stock.
NASDAQ:WSBC traded up $0.38 during mid-day trading on Wednesday, hitting $40.92. The company’s stock had a trading volume of 50,200 shares, compared to its average volume of 108,038. WesBanco has a 1 year low of $34.14 and a 1 year high of $51.12. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.86 and a current ratio of 0.87. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.21 and a beta of 1.07.
WesBanco Company Profile
WesBanco, Inc operates as the holding company for WesBanco Bank, Inc that provides retail banking, corporate banking, personal and corporate trust, brokerage, and mortgage banking and insurance services in the United States. It operates in two segments, Community Banking, and Trust and Investment Services.
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