Earnings results for Fulton Financial (NASDAQ:FULT)
Fulton Financial Corporation is estimated to report earnings on 10/19/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.32. The reported EPS for the same quarter last year was $0.38.
Fulton Financial last posted its quarterly earnings results on July 19th, 2021. The bank reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. The business had revenue of $214.29 million for the quarter, compared to the consensus estimate of $217.31 million. Its revenue for the quarter was up 2.7% on a year-over-year basis. Fulton Financial has generated $1.08 earnings per share over the last year ($1.49 diluted earnings per share) and currently has a price-to-earnings ratio of 11.0. Earnings for Fulton Financial are expected to decrease by -12.84% in the coming year, from $1.48 to $1.29 per share. Fulton Financial has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, October 19th, 2021 based off prior year’s report dates.
Analyst Opinion on Fulton Financial (NASDAQ:FULT)
According to the issued ratings of 1 analysts in the last year, the consensus rating for Fulton Financial stock is Hold based on the current 1 hold rating for FULT. The average twelve-month price target for Fulton Financial is $15.17 with a high price target of $15.17 and a low price target of $15.17.
on FULT’s analyst rating history
Fulton Financial has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $15.17, Fulton Financial has a forecasted downside of 7.0% from its current price of $16.32. Fulton Financial has only been the subject of 1 research reports in the past 90 days.
Dividend Strength: Fulton Financial (NASDAQ:FULT)
Fulton Financial pays a meaningful dividend of 3.46%, higher than the bottom 25% of all stocks that pay dividends. Fulton Financial has only been increasing its dividend for 1 years. The dividend payout ratio of Fulton Financial is 51.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Fulton Financial will have a dividend payout ratio of 43.41% next year. This indicates that Fulton Financial will be able to sustain or increase its dividend.
Insiders buying/selling: Fulton Financial (NASDAQ:FULT)
In the past three months, Fulton Financial insiders have not sold or bought any company stock. Only 1.01% of the stock of Fulton Financial is held by insiders. 62.97% of the stock of Fulton Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Fulton Financial (NASDAQ:FULT
Earnings for Fulton Financial are expected to decrease by -12.84% in the coming year, from $1.48 to $1.29 per share. The P/E ratio of Fulton Financial is 10.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.68. The P/E ratio of Fulton Financial is 10.95, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.51. Fulton Financial has a P/B Ratio of 1.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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