Wall Street brokerages expect SunTrust Banks, Inc. (NYSE:STI) to announce earnings of $1.46 per share for the current quarter, according to Zacks. Seven analysts have made estimates for SunTrust Banks’ earnings, with the lowest EPS estimate coming in at $1.40 and the highest estimate coming in at $1.49. SunTrust Banks posted earnings of $1.49 per share during the same quarter last year, which indicates a negative year over year growth rate of 2%. The business is scheduled to issue its next earnings report before the market opens on Thursday, July 18th.

According to Zacks, analysts expect that SunTrust Banks will report full-year earnings of $5.69 per share for the current financial year, with EPS estimates ranging from $5.43 to $5.81. For the next year, analysts expect that the business will post earnings of $5.83 per share, with EPS estimates ranging from $5.48 to $6.35. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for SunTrust Banks.

SunTrust Banks (NYSE:STI) last announced its earnings results on Thursday, July 18th. The financial services provider reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.02. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.39 billion. SunTrust Banks had a return on equity of 12.22% and a net margin of 25.26%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 EPS.

Several equities analysts recently commented on STI shares. Morgan Stanley downgraded Silicon Motion Technology from an “equal weight” rating to an “underweight” rating in a research note on Monday, April 22nd. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Zacks Investment Research lowered shares of Glu Mobile from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company. SunTrust Banks currently has a consensus rating of “Hold” and a consensus price target of $70.65.

In related news, EVP Jorge Arrieta sold 6,606 shares of SunTrust Banks stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $63.46, for a total transaction of $419,216.76. Following the sale, the executive vice president now directly owns 2,556 shares in the company, valued at $162,203.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert Ryan Richards sold 1,844 shares of SunTrust Banks stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $62.58, for a total transaction of $115,397.52. Following the sale, the insider now owns 2,083 shares in the company, valued at $130,354.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,332 shares of company stock worth $3,177,368. Insiders own 0.42% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Arcus Capital Partners LLC lifted its holdings in SunTrust Banks by 1.7% in the 1st quarter. Arcus Capital Partners LLC now owns 9,972 shares of the financial services provider’s stock worth $591,000 after purchasing an additional 164 shares during the last quarter. Independence Bank of Kentucky lifted its holdings in SunTrust Banks by 1.1% in the 1st quarter. Independence Bank of Kentucky now owns 15,830 shares of the financial services provider’s stock worth $938,000 after purchasing an additional 165 shares during the last quarter. Eqis Capital Management Inc. lifted its holdings in SunTrust Banks by 2.8% in the 1st quarter. Eqis Capital Management Inc. now owns 6,227 shares of the financial services provider’s stock worth $369,000 after purchasing an additional 168 shares during the last quarter. Magnus Financial Group LLC lifted its holdings in SunTrust Banks by 3.6% in the 1st quarter. Magnus Financial Group LLC now owns 5,527 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 192 shares during the last quarter. Finally, Carroll Financial Associates Inc. lifted its holdings in SunTrust Banks by 2.4% in the 2nd quarter. Carroll Financial Associates Inc. now owns 8,391 shares of the financial services provider’s stock worth $527,000 after purchasing an additional 193 shares during the last quarter. 80.21% of the stock is currently owned by hedge funds and other institutional investors.

STI traded up $1.75 during midday trading on Thursday, reaching $65.74. 3,955,800 shares of the company were exchanged, compared to its average volume of 3,576,888. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.95 and a current ratio of 0.96. The stock has a fifty day moving average of $63.11. The company has a market cap of $28.37 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 1.16 and a beta of 1.48. SunTrust Banks has a one year low of $46.05 and a one year high of $75.08.

SunTrust Banks Company Profile

SunTrust Banks, Inc operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, institutions, and not-for-profit entities in the United States. It operates in two segments, Consumer and Wholesale. The Consumer segment provides deposits and payments; home equity and personal credit lines; auto, student, and other lending products; credit cards; discount/online and full-service brokerage products; professional investment advisory products and services; and trust services, as well as family office solutions.

Recommended Story: 52-Week High/Low

Get a free copy of the Zacks research report on SunTrust Banks (STI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for SunTrust Banks (NYSE:STI)

Receive News & Ratings for SunTrust Banks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunTrust Banks and related companies with MarketBeat.com's FREE daily email newsletter.