Fulton Financial (FULT) Q4 2019 Earnings Prep

in EARNINGS/INVESTING IDEAS by

Fulton Financial Corporation (NASDAQGS:FULT) is scheduled to report Q4 earnings results on January 21, 2020. Management announced on January 6th that it will distribute its Q4, 2019 earnings news release and accompanying charts on Tuesday, January 21, at approximately 4:30 p.m. ET and host its quarterly conference call on Wednesday, January 22, at 10:00 a.m. ET.

The company is expected to report earnings of $0.35/share on revenue of $218.1 million. The consensus earnings per share (EPS) of $0.35/share is based on a poll of 7 analysts and represents a growth of 6.1% over the same quarter last year when the company reported earnings of $0.33/share.

The revenue forecast of $218.1 million based on a poll of 5 analysts implies a year-over-year (YoY) growth of 1.1%. Last year the company reported $215.6 million in revenue for the quarter.

Expected to report EPS growth of $0.02/share for Q4, 2019
Metric Expected Prior Year YoY Change
Revenue $218.10 $215.65 1.1%
EPS $0.35 $0.33 6.1%

Earnings Call Trends

Historically, management has exceeded analyst expectations 4 out of the last 8 tracked quarters, missed 1 quarter, and met expectations 3 quarters.

What are your expectations from Fulton Financial for earnings this quarter? Let us know in the comments!

Analyst Expected vs. Reported EPS
Quarter Expected Reported Surprise Result
Q3, 2019 $0.34 $0.37 7.2% Beat
Q2, 2019 $0.34 $0.35 2.9% Beat
Q1, 2019 $0.33 $0.33 0.0% Meet
Q4, 2018 $0.34 $0.33 -2.9% Missed
Q3, 2018 $0.33 $0.37 12.1% Beat
Q2, 2018 $0.13 $0.20 60.0% Beat
Q1, 2018 $0.28 $0.28 0.0% Meet
Q4, 2017 $0.28 $0.28 0.0% Meet

In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending September 30, 2019, the stock price did not react much to the update.

Stock Price Performance After Earnings
Report Date Price Day Prior Price Next Day Change % Result
2019-10-22 $16.68 $16.83 0.9% Increase
2019-07-16 $16.19 $16.46 1.7% Increase
2019-04-16 $16.24 $16.64 2.5% Increase
2019-01-15 $16.25 $16.28 0.2% Increase

Fundamentals And Technical Analysis

Fulton Financial is currently trading at $17.32/share, down -1.1% for the day. The company is trading at approximately 96.2% of its 52-week high of $18/share. The company’s stock price is up 2.9% since the last earnings report and up 0.2% over the previous week. The company’s 14 Day Relative Price Index (RSI) of 49.88 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.

NASDAQGS:FULT Stock Price Chart Source: Finbox

The current share price implies a price-to-earnings (P/E) multiple of 12.0x and a forward P/E multiple of 12.1x.

Fulton Financial’s current share price also implies a price-to-book (P/B) multiple of 1.2x. The following table summarizes some other key fundamental ratios:

Data as of January 20, 2020
Metric Value
Last Fiscal Period FY2019.Q3
Period End Date September 30, 2019
Stock Price (Current) $17.32
P/E Ratio 12.0x
P/E Ratio (Fwd) 12.1x
PEG Ratio -1.4
Total Debt to Capital (%) 38.5%
Levered Free Cash Flow $73.838 million
Enterprise Value / EBITDA

Source: Finbox

Company Profile: Fulton Financial Corporation

Fulton Financial Corporation is a mid-cap stock with a market capitalization of $2.843 billion and a total enterprise value of -. The company operates in the Financial sector and the Banks industry.

Fulton Financial Corporation operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts. The company also offers consumer loans, including home equity loans and lines of credit, automobile loans, automobile and equipment leases, personal lines of credit, and checking account overdraft protection; construction and jumbo residential mortgage loans; and commercial lending products comprising commercial, financial, agricultural, and real estate loans. In addition, it provides equipment leasing, letters of credit, cash management services, and traditional deposit products; and investment management, trust, brokerage, insurance, and investment advisory services. Further, the company owns investment securities and other investments, as well as trust preferred securities; and sells various life insurance products. It provides its products and services through branch banking, as well as through a network of automated teller machines, telephone banking, mobile banking, and online banking.

As of December 31, 2018, the company operated 234 branches in Pennsylvania, Maryland, Delaware, New Jersey, and Virginia.

Fulton Financial Corporation was founded in 1882 and is headquartered in Lancaster, Pennsylvania.

Expertise: financial technology, analyzing market trends. Brian is a founder at finbox.io, where he’s focused on building tools that make it faster and easier for investors to research stock fundamentals. Brian’s background is in physics & computer science and previously worked as a software engineer at GE Healthcare. He enjoys applying his expertise in technology to help find market trends that impact investors. Brian can be reached at brian@finbox.io or at +1 (516) 778-6257.

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