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.
|Metric||Expected||Prior Year||YoY Change|
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!
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.
|Report Date||Price Day Prior||Price Next Day||Change %||Result|
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.
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:
|Last Fiscal Period||FY2019.Q3|
|Period End Date||September 30, 2019|
|Stock Price (Current)||$17.32|
|P/E Ratio (Fwd)||12.1x|
|Total Debt to Capital (%)||38.5%|
|Levered Free Cash Flow||$73.838 million|
|Enterprise Value / EBITDA||–|
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.