Analysts Estimate Report : What to Look Out for Truist Financial (NYSE:TFC)

Earnings results for Truist Financial (NYSE:TFC)

Truist Financial Corporation is expected* to report earnings on 10/15/2021 before market open. The report will be for the fiscal Quarter ending Sep 2021. According to Zacks Investment Research, based on 8 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.2. The reported EPS for the same quarter last year was $0.97.

Truist Financial last issued its earnings results on July 14th, 2021. The insurance provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.17 by $0.38. The business earned $5.65 billion during the quarter, compared to analyst estimates of $5.48 billion. Its revenue was up 3.1% compared to the same quarter last year. Truist Financial has generated $3.80 earnings per share over the last year ($3.83 diluted earnings per share) and currently has a price-to-earnings ratio of 15.6. Earnings for Truist Financial are expected to decrease by -5.43% in the coming year, from $5.16 to $4.88 per share. Truist Financial has confirmed that its next quarterly earnings report will be published on Friday, October 15th, 2021. Truist Financial will be holding an earnings conference call on Friday, October 15th at 8:00 AM Eastern. Interested parties can or dial in at 888-203-1112 with passcode “391805”.

Analyst Opinion on Truist Financial (NYSE:TFC)

According to the issued ratings of 12 analysts in the last year, the consensus rating for Truist Financial stock is Hold based on the current 1 sell rating, 8 hold ratings and 3 buy ratings for TFC. The average twelve-month price target for Truist Financial is $61.53 with a high price target of $72.00 and a low price target of $48.00.
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on TFC’s analyst rating history

Truist Financial has received a consensus rating of Hold. The company’s average rating score is 2.17, and is based on 3 buy ratings, 8 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $61.53, Truist Financial has a forecasted upside of 2.7% from its current price of $59.92. Truist Financial has only been the subject of 4 research reports in the past 90 days.

Dividend Strength: Truist Financial (NYSE:TFC)

Truist Financial pays a meaningful dividend of 3.19%, higher than the bottom 25% of all stocks that pay dividends. Truist Financial has only been increasing its dividend for 1 years. The dividend payout ratio of Truist Financial is 50.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Truist Financial will have a dividend payout ratio of 39.34% next year. This indicates that Truist Financial will be able to sustain or increase its dividend.

Insiders buying/selling: Truist Financial (NYSE:TFC)

In the past three months, Truist Financial insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $328,978.00 in company stock. Only 0.37% of the stock of Truist Financial is held by insiders. 70.76% of the stock of Truist Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Truist Financial (NYSE:TFC

Earnings for Truist Financial are expected to decrease by -5.43% in the coming year, from $5.16 to $4.88 per share. The P/E ratio of Truist Financial is 15.64, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.74. The P/E ratio of Truist Financial is 15.64, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 14.60. Truist Financial has a PEG Ratio of 1.13. PEG Ratios above 1 indicate that a company could be overvalued. Truist Financial has a P/B Ratio of 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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