Regions Financial (RF) Scheduled to Post Quarterly Earnings on Friday

Regions Financial (NYSE:RFGet Free Report) is scheduled to announce its earnings results before the market opens on Friday, January 17th. Analysts expect the company to announce earnings of $0.55 per share and revenue of $1,857,300.00 billion for the quarter.

Regions Financial (NYSE:RFGet Free Report) last released its quarterly earnings data on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.04). The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Regions Financial had a net margin of 18.78% and a return on equity of 12.60%. Regions Financial’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. On average, analysts expect Regions Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Regions Financial Stock Performance

Shares of RF traded up $0.72 during trading hours on Wednesday, hitting $24.72. The company’s stock had a trading volume of 9,419,118 shares, compared to its average volume of 8,397,280. The company has a market cap of $22.47 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 2.61 and a beta of 1.21. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.84 and a quick ratio of 0.83. The business has a 50 day simple moving average of $25.19 and a two-hundred day simple moving average of $23.32. Regions Financial has a 52-week low of $17.42 and a 52-week high of $27.96.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on RF shares. Compass Point boosted their target price on shares of Regions Financial from $25.00 to $31.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Stephens upgraded Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 price target for the company in a research report on Tuesday, October 29th. Piper Sandler increased their price objective on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Wedbush raised their target price on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $32.00 price target (up from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.67.

View Our Latest Analysis on Regions Financial

Regions Financial Company Profile

(Get Free Report)

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.

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Earnings History for Regions Financial (NYSE:RF)

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