Wall Street brokerages predict that Premier Financial Corp. (NASDAQ:PFC) will report $76.30 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Premier Financial’s earnings, with estimates ranging from $74.60 million to $77.30 million. Premier Financial reported sales of $77.32 million during the same quarter last year, which would suggest a negative year over year growth rate of 1.3%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, July 29th.
According to Zacks, analysts expect that Premier Financial will report full year sales of $306.20 million for the current fiscal year, with estimates ranging from $296.50 million to $313.00 million. For the next year, analysts expect that the company will post sales of $302.27 million, with estimates ranging from $293.40 million to $310.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Premier Financial.
Premier Financial (NASDAQ:PFC) last released its quarterly earnings data on Monday, April 19th. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.34. Premier Financial had a net margin of 37.47% and a return on equity of 13.70%. The business had revenue of $82.79 million during the quarter, compared to analyst estimates of $75.33 million.
PFC stock traded down $0.75 during trading on Friday, hitting $26.61. 731 shares of the company’s stock traded hands, compared to its average volume of 134,527. Premier Financial has a 52 week low of $14.74 and a 52 week high of $35.90. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.93 and a quick ratio of 0.90. The firm has a fifty day simple moving average of $29.15. The firm has a market capitalization of $992.55 million, a PE ratio of 7.66 and a beta of 1.51.
Institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp raised its stake in shares of Premier Financial by 57.2% in the first quarter. Fifth Third Bancorp now owns 1,789 shares of the company’s stock valued at $60,000 after acquiring an additional 651 shares during the period. F3Logic LLC purchased a new stake in shares of Premier Financial in the first quarter valued at $200,000. Peloton Wealth Strategists purchased a new position in Premier Financial in the 1st quarter worth about $219,000. Ergoteles LLC purchased a new position in Premier Financial in the 1st quarter worth about $221,000. Finally, Atlantic Union Bankshares Corp purchased a new position in Premier Financial in the 1st quarter worth about $233,000. 66.42% of the stock is currently owned by institutional investors and hedge funds.
About Premier Financial
Premier Financial Corp., through its subsidiaries, provides various banking services. It offers various demand, checking, money market, certificates of deposits, certificates of deposit account registry service, and savings accounts; and investment products. The company also provides residential real estate loans, commercial real estate loans, commercial loans, home improvement and home equity loans, and consumer loans.
See Also: What is a Reverse Stock Split?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Premier Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Premier Financial and related companies with MarketBeat.com's FREE daily email newsletter.