Truist Financial (NYSE:TFC – Get Free Report) posted its quarterly earnings data on Monday. The insurance provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.07, RTT News reports. The firm had revenue of $5.02 billion for the quarter, compared to analyst estimates of $4.83 billion. Truist Financial had a negative net margin of 5.63% and a positive return on equity of 9.18%. Truist Financial’s quarterly revenue was down 15.9% on a year-over-year basis. During the same period last year, the firm posted $0.95 EPS. Truist Financial updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.
Truist Financial Stock Up 0.1 %
Truist Financial stock traded up $0.05 during midday trading on Wednesday, hitting $44.20. 2,178,959 shares of the stock were exchanged, compared to its average volume of 8,495,391. Truist Financial has a 1 year low of $26.57 and a 1 year high of $44.38. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.86 and a quick ratio of 0.82. The firm has a market cap of $59.14 billion, a P/E ratio of -33.48, a P/E/G ratio of 2.15 and a beta of 1.07. The company has a 50 day moving average price of $38.57 and a two-hundred day moving average price of $37.62.
Truist Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.71%. Truist Financial’s dividend payout ratio is currently -157.58%.
Analyst Ratings Changes
Read Our Latest Analysis on Truist Financial
About Truist Financial
Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings.Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.
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