Home Commercial trading Zions Bancorporation, National Association (NASDAQ:ZION) Expected to Report Earnings of $1.35 Per Share

Zions Bancorporation, National Association (NASDAQ:ZION) Expected to Report Earnings of $1.35 Per Share

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Brokers expect Zions Bancorporation, National Association (NASDAQ:ZION – Get a rating) will post earnings per share (EPS) of $1.35 for the current fiscal quarter, according to Zacks. Seven analysts released estimates for Zions Bancorporation, National Association Earnings, with the lowest EPS estimate at $1.20 and the highest estimate at $1.57. Zions Bancorporation, National Association reported earnings of $2.08 per share in the same quarter last year, which would indicate a negative growth rate of 35.1% year over year. The company is expected to release its next results on Monday, January 1.

On average, analysts expect Zions Bancorporation, National Association to report annual earnings of $5.56 per share for the current fiscal year, with EPS estimates ranging from $4.93 to $6.01 . For the next fiscal year, analysts expect the company to post earnings of $6.37 per share, with EPS estimates ranging from $5.36 to $7.20. Zacks Investment Research’s EPS calculations are an average average based on a survey of sell-side research analysts who provide coverage for Zions Bancorporation, National Association.

Zions Bancorporation, National Association (NASDAQ:ZION – Get a rating) last released its results on Monday, April 25. The bank reported EPS of $1.27 for the quarter, beating consensus analyst estimates of $1.15 by $0.12. The company posted revenue of $694.00 million in the quarter, compared to $700.11 million expected by analysts. Zions Bancorporation, National Association achieved a net margin of 34.40% and a return on equity of 14.53%. In the same period a year earlier, the company had earned earnings per share of $1.90.

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Several equity research analysts have recently released reports on the stock. Zacks Investment Research cut shares of Zions Bancorporation, National Association from a “strong buy” rating to a “hold” rating and set a price target of $71.00 for the company. in a research report on Monday, March 21. Compass Point upgraded shares of Zions Bancorporation, National Association from a “neutral” rating to a “buy” rating and raised its price target for the stock from $70.00 to $80.00 in a report of research from Friday, January 14. Barclays raised its price target on shares of Zions Bancorporation, National Association from $73.00 to $81.00 and gave the company an “equal weight” rating in a Tuesday, April 26 research report. Raymond James downgraded shares of Zions Bancorporation, National Association from a “strong buy” rating to a “market performance” rating in a Tuesday, April 26 research note. Finally, B. Riley cut his price target on Zions Bancorporation, National Association stock from $70.00 to $65.00 and set a “neutral” rating on the stock in a Tuesday 26 research note. april. One research analyst rated the stock with a sell rating, eleven gave the stock a hold rating and six gave the stock a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $71.47.

In other news, VP A Scott Anderson sold 30,703 shares of the company in a transaction on Monday, February 14. The shares were sold at an average price of $71.85, for a total value of $2,206,010.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink. Additionally, SVP James R. Abbott purchased 10,000 shares of Zions Bancorporation, National Association stock in a transaction that took place on Monday, May 2. The shares were acquired at an average price of $57.03 per share, with a total value of $570,300.00. Following the transaction, the senior vice president now owns 77,918 shares of the company, valued at $4,443,663.54. Disclosure of this purchase can be found here. Company insiders hold 1.81% of the company’s shares.

A number of hedge funds have recently increased or reduced their holdings in the stock. BlackRock Inc. raised its position in Zions Bancorporation, National Association by 0.6% in Q3. BlackRock Inc. now owns 10,915,354 shares of the bank valued at $675,553,000 after purchasing an additional 69,919 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Zions Bancorporation, National Association by 4.5% in Q1. Victory Capital Management Inc. now owns 7,459,316 shares of the bank worth $486,109,000 after acquiring an additional 322,397 shares during the period. Dimensional Fund Advisors LP increased its holdings of Zions Bancorporation, National Association shares by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,543,617 shares of the bank valued at $281,218,000 after acquiring an additional 71,343 shares last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Zions Bancorporation, National Association by 2.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,719,392 shares of the bank worth $234,917,000 after acquiring an additional 73,201 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in Zions Bancorporation, National Association by 0.3% during the third quarter. Thrivent Financial for Lutherans now owns 3,387,026 shares of the bank worth $209,623,000 after buying 9,456 additional shares last quarter. Hedge funds and other institutional investors hold 82.24% of the company’s shares.

NASDAQ ZION shares traded at $0.08 during Friday’s midday session, hitting $53.56. The company’s shares had a trading volume of 1,486,038 shares, compared to an average trading volume of 1,640,573 shares. The stock has a 50-day moving average of $62.78 and a 200-day moving average of $65.17. The stock has a market capitalization of $8.11 billion, a P/E ratio of 8.72, a P/E/G ratio of 8.21 and a beta of 1.29. The company has a debt ratio of 0.12, a quick ratio of 0.71 and a current ratio of 0.71. Zions Bancorporation, National Association has a 1-year low of $47.06 and a 1-year high of $75.44.

Zions Bancorporation, National Association, said its board of directors approved a stock repurchase program on Friday, Jan. 28 that allows the company to repurchase $50.00 million in stock. This repurchase authorization allows the bank to repurchase up to 0.5% of its shares through purchases on the open market. Stock buyback programs are often a sign that a company’s management believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 26. Shareholders of record on Thursday, May 19 will receive a dividend of $0.38 per share. This represents an annualized dividend of $1.52 and a yield of 2.84%. The ex-dividend date is Wednesday, May 18. Zions Bancorporation, the National Association’s dividend payout ratio (DPR) is currently 24.76%.

Zions Bancorporation, National Association Corporate Profile (Get a rating)

Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The company offers business banking services; commercial banking, including small and medium enterprises; commercial real estate banking services; municipal and public finance departments; retail banking, including residential mortgages; fiduciary services; wealth management and personal banking services; and capital markets products and services.

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Earnings History and Estimates for Zions Bancorporation, National Association (NASDAQ:ZION)

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