Several brokerages from Wall Street have predicted that the stocks of WFC would be announcing a sales sum of $17.46 billion for the quarter. According to a report, five of the analysts have already conducted estimates into the earnings for the company, with the lowest sales coming in at a value of $17.33 billion, while the highest is coming in at $17.59 billion.
The sales sum posted by the company the previous year was $17.72 billion, which is indicative of a negative annual growth rate of 1.5%. The company will be posting its next quarterly results on the 14th of April.
The Quarterly Estimates of WFC
The stocks of WFC did post their previous quarterly data on the 14th of January. The provider of financial services reported an EPS of $0.64 for that quarter, which was more than the consensus estimate of $0.60. The revenue of the company for this quarter is $17.93 billion, with the analyst expectation of around $18 billion. The net margin of the company is 3.72%, with a 3.18% return on equity.
There have been quite a few reports posted on the shares of WFC. Raymond James has already increased the price target of the company from a sum of $37 to a sum of $42 with a rating of outperform in a 3rd March research report. Credit Suisse Group has also increased the price rating of the company from neutral to outperform while increasing their price target from $35 to $40 with a research report on the 25th of January. DA Davidson has also increased the price target of the company from $36 to $39 with a rating of buy in a Tuesday research report.
Nine of the investment analysts have already given your stocks a rating of hold, while sixteen of them have already given the company rating of buy. Currently, WFC has a buy rating with a $35.30 price target.
The stocks of WFC traded on Tuesday at $40.77. The debt-to-equity ratio of the company is 1.34, with a 0.87 current ratio, and a quick ratio of 0.85. The moving average price of the company for 50 days is $38.84, with a moving average price of the company over 200 days is $30.81. The market cap of $168.55 billion.
