People's United Financial, Inc. (NASDAQ:PBCT) is set to announce second quarter earning results on Thursday 23rd July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, PBCT to report 2Q20 income of $ 0.22 per share from revenue of $ 510.18 million.
For the full year, analysts anticipate top line of $ 2064.28 million, while looking forward to income of $ 1.04 per share bottom line.
Previous Quarter Performance
People's United Financial, Inc. came out with income for the first quarter of $ 0.33 per share, from the revenue of $ 519.80 million. The quarterly revenues raised 21.62 percent compared with the same quarter last year. The consensus estimates are income of $ 0.23 per share from $ 500.76 million in revenue. The bottom line results beat street analysts by $ 0.1 or 43.48 percent, at the same time, top line results outshined analysts by $ 19.04 million or 3.80 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of PBCT was $ 11.57, representing a 23.48 % increase from the 52 week low of $ 9.37 and a 32.81 % decrease over the 52 week high of $ 17.22.
The company has a market capital of $ 4.91 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Analyst recommendations
On 24th June 2020, initiated by RBC Capital at Sector Perform rating, with $ 14.00 target price.
On 8th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 14.00 target price.
Recent Stock Dividend Announcement
On April 23, 2020, the board of directors authorized quarterly dividend of $ 0.18 per share to holders of record as of the close of business on May 1, 2020, with payment date of May 15, 2020 and ex-dividend date on April 30, 2020.
Conference Call
People's United Financial, Inc. will be hosting a conference call at 5:00 PM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.peoples.com
Peoples United Financial, Inc. operates as the bank holding company for Peoples United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers. The company operates in two segments, Commercial Banking and Retail Banking.
