Analysts expect PNC Financial Services Group Inc (NYSE:PNC) to announce earnings of $2.92 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for PNC Financial Services Group’s earnings, with estimates ranging from $2.85 to $2.96. PNC Financial Services Group reported earnings per share of $2.75 in the same quarter last year, which suggests a positive year-over-year growth rate of 6.2%. The firm is scheduled to report its next quarterly earnings results on Wednesday, January 15th.

On average, analysts expect that PNC Financial Services Group will report full year earnings of $11.35 per share for the current fiscal year, with EPS estimates ranging from $11.26 to $11.44. For the next financial year, analysts expect that the firm will report earnings of $11.77 per share, with EPS estimates ranging from $11.47 to $12.32. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for PNC Financial Services Group.

PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $2.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.80 by $0.14. PNC Financial Services Group had a return on equity of 10.94% and a net margin of 24.96%. The company had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.41 billion. During the same period in the prior year, the company posted $2.82 EPS. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on PNC shares. Morgan Stanley restated a “hold” rating on shares of PNC Financial Services Group in a report on Monday, November 18th. Barclays set a $158.00 target price on shares of PNC Financial Services Group and gave the stock a “hold” rating in a research note on Thursday, October 17th. Odeon Capital Group assumed coverage on shares of PNC Financial Services Group in a research report on Monday, November 25th. They set a “hold” rating on the stock. Zacks Investment Research downgraded shares of PNC Financial Services Group from a “hold” rating to a “sell” rating and set a $147.00 target price on the stock. in a research report on Tuesday, October 1st. Finally, Wells Fargo & Co upped their price target on shares of PNC Financial Services Group from $134.00 to $147.00 and gave the company a “market perform” rating in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $144.17.

In other PNC Financial Services Group news, CEO William S. Demchak sold 129,400 shares of PNC Financial Services Group stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $152.10, for a total transaction of $19,681,740.00. Following the completion of the sale, the chief executive officer now directly owns 370,790 shares in the company, valued at approximately $56,397,159. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Gregory B. Jordan sold 9,500 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $152.50, for a total transaction of $1,448,750.00. Following the completion of the sale, the chief accounting officer now directly owns 48,725 shares in the company, valued at $7,430,562.50. The disclosure for this sale can be found here. Insiders sold 191,755 shares of company stock worth $28,809,522 over the last three months. Corporate insiders own 0.37% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its position in PNC Financial Services Group by 33.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 6,089 shares of the financial services provider’s stock worth $835,000 after purchasing an additional 1,526 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its holdings in PNC Financial Services Group by 0.8% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 158,013 shares of the financial services provider’s stock worth $21,692,000 after acquiring an additional 1,250 shares during the period. Fisher Asset Management LLC raised its position in PNC Financial Services Group by 9.4% during the second quarter. Fisher Asset Management LLC now owns 10,526 shares of the financial services provider’s stock valued at $1,445,000 after acquiring an additional 908 shares in the last quarter. Lee Financial Group Hawaii Inc. raised its position in PNC Financial Services Group by 1.6% during the second quarter. Lee Financial Group Hawaii Inc. now owns 8,032 shares of the financial services provider’s stock valued at $1,103,000 after acquiring an additional 129 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in PNC Financial Services Group by 9.8% in the second quarter. First Trust Advisors LP now owns 503,385 shares of the financial services provider’s stock valued at $69,105,000 after acquiring an additional 44,967 shares during the period. Hedge funds and other institutional investors own 79.43% of the company’s stock.

NYSE PNC traded up $1.61 during trading on Friday, hitting $153.81. The company’s stock had a trading volume of 2,580,350 shares, compared to its average volume of 1,524,323. PNC Financial Services Group has a fifty-two week low of $108.45 and a fifty-two week high of $154.82. The company has a market cap of $67.77 billion, a PE ratio of 14.36, a P/E/G ratio of 1.84 and a beta of 1.14. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.88 and a quick ratio of 0.87. The business’s 50 day simple moving average is $149.96 and its 200-day simple moving average is $138.96.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

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Earnings History and Estimates for PNC Financial Services Group (NYSE:PNC)

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