What is Zacks Research’s Forecast for PNC Q1 Earnings?

The PNC Financial Services Group, Inc. (NYSE:PNC) – Equities researchers at Zacks Research upped their Q1 2027 earnings per share (EPS) estimates for shares of The PNC Financial Services Group in a research report issued on Monday, April 7th. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $4.43 per share for the quarter, up from their prior forecast of $4.39. The consensus estimate for The PNC Financial Services Group’s current full-year earnings is $15.37 per share. Zacks Research also issued estimates for The PNC Financial Services Group’s FY2027 earnings at $18.04 EPS.

The PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.51. The business had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.51 billion. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.16 earnings per share.

Several other research firms also recently issued reports on PNC. Citigroup cut their price objective on shares of The PNC Financial Services Group from $235.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Hsbc Global Res upgraded shares of The PNC Financial Services Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 31st. HSBC upgraded shares of The PNC Financial Services Group from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $206.00 to $202.00 in a research note on Monday, March 31st. Stephens restated an “equal weight” rating and issued a $200.00 target price on shares of The PNC Financial Services Group in a research note on Friday, January 17th. Finally, Barclays lifted their price target on The PNC Financial Services Group from $229.00 to $257.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $203.47.

The PNC Financial Services Group Stock Up 6.9 %

The PNC Financial Services Group stock opened at $160.10 on Tuesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $63.36 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 1.55 and a beta of 1.04. The PNC Financial Services Group has a 1-year low of $143.52 and a 1-year high of $216.26. The business has a fifty day moving average price of $180.16 and a 200-day moving average price of $190.61.

The PNC Financial Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Wednesday, April 16th will be paid a dividend of $1.60 per share. The ex-dividend date is Wednesday, April 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.00%. The PNC Financial Services Group’s payout ratio is 46.55%.

Insider Activity

In related news, CEO William S. Demchak sold 1,242 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $202.11, for a total transaction of $251,020.62. Following the sale, the chief executive officer now owns 522,587 shares in the company, valued at approximately $105,620,058.57. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 13,061 shares of company stock valued at $2,420,267 in the last three months. 0.41% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On The PNC Financial Services Group

Several hedge funds have recently modified their holdings of the company. Winch Advisory Services LLC purchased a new position in shares of The PNC Financial Services Group during the 4th quarter valued at approximately $25,000. Richardson Financial Services Inc. raised its position in The PNC Financial Services Group by 2,333.3% during the fourth quarter. Richardson Financial Services Inc. now owns 146 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 140 shares during the period. Albion Financial Group UT purchased a new position in The PNC Financial Services Group during the fourth quarter valued at $30,000. Synergy Asset Management LLC acquired a new stake in shares of The PNC Financial Services Group in the fourth quarter valued at about $32,000. Finally, Rialto Wealth Management LLC purchased a new stake in shares of The PNC Financial Services Group during the fourth quarter worth about $32,000. 83.53% of the stock is owned by hedge funds and other institutional investors.

The PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.