$0.98 EPS Expected for Webster Financial Co. (NYSE:WBS) This Quarter

Wall Street analysts expect Webster Financial Co. (NYSE:WBS) to report earnings per share (EPS) of $0.98 for the current quarter, Zacks reports. Six analysts have issued estimates for Webster Financial’s earnings. The lowest EPS estimate is $0.96 and the highest is $1.00. Webster Financial posted earnings per share of $1.01 during the same quarter last year, which indicates a negative year-over-year growth rate of 3%. The business is scheduled to issue its next earnings results on Thursday, January 23rd.

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According to Zacks, analysts expect that Webster Financial will report full-year earnings of $4.09 per share for the current fiscal year, with EPS estimates ranging from $4.08 to $4.12. For the next financial year, analysts forecast that the company will post earnings of $3.86 per share, with EPS estimates ranging from $3.70 to $4.15. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Webster Financial.

Webster Financial (NYSE:WBS) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.01). The firm had revenue of $310.50 million during the quarter, compared to analysts’ expectations of $314.65 million. Webster Financial had a return on equity of 13.49% and a net margin of 27.14%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business posted $0.98 earnings per share.

Several research analysts recently weighed in on the company. Zacks Investment Research lowered Webster Financial from a “hold” rating to a “sell” rating and set a $47.00 target price on the stock. in a research report on Saturday, October 19th. Wells Fargo & Co cut their target price on Webster Financial from $55.00 to $50.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 2nd. ValuEngine raised Webster Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Stephens assumed coverage on Webster Financial in a research report on Monday, October 28th. They issued an “underweight” rating and a $42.00 target price on the stock. Finally, Morgan Stanley cut their target price on Webster Financial from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $52.33.

Shares of WBS traded up $0.33 during trading hours on Friday, hitting $48.63. The stock had a trading volume of 487,008 shares, compared to its average volume of 589,584. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $4.44 billion, a P/E ratio of 13.00, a P/E/G ratio of 1.47 and a beta of 1.27. The company’s fifty day simple moving average is $45.98 and its 200 day simple moving average is $47.43. Webster Financial has a 12-month low of $42.29 and a 12-month high of $61.49.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 12th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Friday, November 8th. Webster Financial’s dividend payout ratio (DPR) is currently 42.78%.

In other Webster Financial news, Director John Joseph Crawford sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $45.34, for a total value of $90,680.00. Following the transaction, the director now directly owns 12,099 shares of the company’s stock, valued at $548,568.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark Pettie sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $46.32, for a total value of $185,280.00. Following the completion of the transaction, the director now directly owns 35,272 shares in the company, valued at $1,633,799.04. The disclosure for this sale can be found here. Insiders sold a total of 7,000 shares of company stock worth $321,640 over the last ninety days. Corporate insiders own 1.53% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in Webster Financial by 11.0% in the second quarter. Bank of New York Mellon Corp now owns 2,501,800 shares of the financial services provider’s stock valued at $119,511,000 after purchasing an additional 248,126 shares during the period. Macquarie Group Ltd. raised its position in Webster Financial by 2.3% in the second quarter. Macquarie Group Ltd. now owns 2,244,421 shares of the financial services provider’s stock valued at $107,216,000 after purchasing an additional 50,601 shares during the period. Wasatch Advisors Inc. raised its position in Webster Financial by 28.2% in the second quarter. Wasatch Advisors Inc. now owns 2,000,712 shares of the financial services provider’s stock valued at $95,574,000 after purchasing an additional 440,471 shares during the period. GW&K Investment Management LLC raised its position in Webster Financial by 34.0% in the third quarter. GW&K Investment Management LLC now owns 1,330,657 shares of the financial services provider’s stock valued at $62,368,000 after purchasing an additional 337,580 shares during the period. Finally, Pzena Investment Management LLC grew its stake in shares of Webster Financial by 8.6% during the second quarter. Pzena Investment Management LLC now owns 1,226,496 shares of the financial services provider’s stock valued at $58,590,000 after acquiring an additional 97,276 shares in the last quarter. 88.68% of the stock is currently owned by institutional investors.

About Webster Financial

Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Community Banking.

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Earnings History and Estimates for Webster Financial (NYSE:WBS)

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