The company is expected to report earnings of $0.36/share on revenue of $119.6 million. The consensus earnings per share (EPS) of $0.36/share is based on a poll of 5 analysts and represents a growth of 2.4% over the same quarter last year when the company reported earnings of $0.35/share.
The revenue forecast of $119.6 million based on a poll of 3 analysts implies a year-over-year (YoY) decline of -3.7%. Last year the company reported $124.3 million in revenue for the quarter.
|Metric||Expected||Prior Year||YoY Change|
Earnings Call Trends
Historically, management has exceeded analyst expectations 7 out of the last 8 tracked quarters, and missed expectations 1 quarter.
What are your expectations from CVB 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 reacted by falling by -4.7%.
|Report Date||Price Day Prior||Price Next Day||Change %||Result|
Fundamentals And Technical Analysis
CVB Financial is currently trading at $21.50/share, down -1.2% for the day. The company is trading at approximately 92.8% of its 52-week high of $23.18/share. The company’s stock price is up 5.3% since the last earnings report and up 0.8% over the previous week.
The company’s 14 Day Relative Price Index (RSI) of 60.47 suggests the company is trading in technically neutral territory. The RSI is considered overbought when above 70 and oversold when below 30.
The current share price implies a price-to-earnings (P/E) multiple of 15.3x and a forward P/E multiple of 15.0x. CVB’s current share price also implies a price-to-book (P/B) multiple of 1.6x. The following table summarizes some other key fundamental ratios:
|Last Fiscal Period||FY2019.Q3|
|Period End Date||September 30, 2019|
|Stock Price (Current)||$21.50|
|P/E Ratio (Fwd)||15.0x|
|Total Debt to Capital (%)||13.5%|
|Levered Free Cash Flow||$195.5 million|
|Enterprise Value / EBITDA||–|
Company Profile: CVB Financial Corp.
CVB Financial Corp. is a mid-cap stock with a market capitalization of $3.049 billion. The company operates in the Financial sector and the Banks industry.
CVB operates as a bank holding company for Citizens Business Bank that provides banking and financial products and services. The company offers checking, savings, and money market accounts, as well as time certificates of deposit; and serves as a federal tax depository for business customers.
The company also provides commercial lending products comprising lines of credit and other working capital financings, accounts receivable lending, and letters of credit; loans to finance the operating needs of wholesale dairy farm operations, cattle feeders, livestock raisers, and farmers; lease financing services for municipal governments; commercial real estate and construction loans that are secured by owner-occupied and investor-owned properties; and consumer financing products, including automobile leasing and financing, lines of credit, credit cards, home mortgages, and home equity loans and lines of credit.
In addition, the company offers various specialized services, such as cash management systems for monitoring cash flow, a credit card program for merchants, courier pick-up and delivery, payroll services, remote deposit capture, electronic funds transfer, and online account access.
Further, it provides trust and investment-related services to customers through its CitizensTrust Division, such as fiduciary services, mutual funds, annuities, 401(k) plans, and individual investment accounts.
The company’s customers consist primarily of small to mid-sized businesses and individuals located in the Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California.
As of December 31, 2018, the company operated 68 banking centers and 3 trust office locations. CVB Financial Corp. was founded in 1974 and is headquartered in Ontario, California.