The PNC Financial Services Group (PNC) to Release Earnings on Tuesday

The PNC Financial Services Group (NYSE:PNC) will likely be announcing its earnings results before the market opens on Tuesday, April 15th. Analysts expect the company to announce earnings of $3.47 per share and revenue of $5.50 billion for the quarter. The PNC Financial Services Group has set its FY 2025 guidance at EPS and its Q1 2025 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.51. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The firm had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same quarter last year, the business earned $3.16 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. On average, analysts expect The PNC Financial Services Group to post $15 EPS for the current fiscal year and $17 EPS for the next fiscal year.

The PNC Financial Services Group Trading Down 0.4 %

PNC opened at $151.57 on Friday. The PNC Financial Services Group has a twelve month low of $143.52 and a twelve month high of $216.26. The company has a fifty day moving average of $178.30 and a 200-day moving average of $190.17. The stock has a market cap of $59.98 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 1.55 and a beta of 1.04. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.13.

The PNC Financial Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Wednesday, April 16th will be given 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 yield of 4.22%. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 46.55%.

Insider Activity at The PNC Financial Services Group

In other The PNC Financial Services Group news, CEO William S. Demchak sold 641 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $155.27, for a total value of $99,528.07. Following the completion of the sale, the chief executive officer now owns 564,174 shares in the company, valued at approximately $87,599,296.98. This trade represents a 0.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 12,420 shares of company stock valued at $2,276,870 over the last 90 days. Insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On The PNC Financial Services Group

A hedge fund recently raised its stake in The PNC Financial Services Group stock. Brighton Jones LLC boosted its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC) by 32.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,041 shares of the financial services provider’s stock after purchasing an additional 984 shares during the period. Brighton Jones LLC’s holdings in The PNC Financial Services Group were worth $779,000 as of its most recent SEC filing. Institutional investors and hedge funds own 83.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. HSBC raised The PNC Financial Services Group from a “hold” rating to a “buy” rating and dropped their price objective for the company from $206.00 to $202.00 in a research note on Monday, March 31st. Hsbc Global Res upgraded The PNC Financial Services Group from a “hold” rating to a “strong-buy” rating in a report on Monday, March 31st. JPMorgan Chase & Co. reduced their price objective on shares of The PNC Financial Services Group from $212.50 to $189.00 and set an “overweight” rating for the company in a research report on Thursday, April 3rd. Barclays boosted their target price on shares of The PNC Financial Services Group from $229.00 to $257.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Finally, Morgan Stanley decreased their price target on shares of The PNC Financial Services Group from $188.00 to $179.00 and set an “underweight” rating for the company in a research note on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $203.47.

About The PNC Financial Services Group

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.