Zacks: Analysts Anticipate Northern Trust Co. (NASDAQ:NTRS) Will Announce Quarterly Sales of $1.57 Billion

Analysts expect Northern Trust Co. (NASDAQ:NTRS) to announce $1.57 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Northern Trust’s earnings, with the highest sales estimate coming in at $1.58 billion and the lowest estimate coming in at $1.57 billion. Northern Trust posted sales of $1.51 billion during the same quarter last year, which suggests a positive year over year growth rate of 4%. The business is expected to issue its next quarterly earnings report on Wednesday, July 28th.

On average, analysts expect that Northern Trust will report full-year sales of $6.34 billion for the current financial year, with estimates ranging from $6.32 billion to $6.37 billion. For the next year, analysts anticipate that the business will report sales of $6.54 billion, with estimates ranging from $6.49 billion to $6.65 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow Northern Trust.

Northern Trust (NASDAQ:NTRS) last posted its earnings results on Monday, April 19th. The asset manager reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.21. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.54 billion. Northern Trust had a return on equity of 12.22% and a net margin of 19.78%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.55 EPS.

Several equities analysts recently issued reports on the company. Credit Suisse Group boosted their price objective on Northern Trust from $94.00 to $102.00 and gave the company an “underperform” rating in a research report on Monday, March 29th. Morgan Stanley decreased their price objective on Northern Trust from $131.00 to $126.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 21st. UBS Group upgraded Northern Trust from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $89.00 to $106.00 in a research report on Tuesday, April 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on Northern Trust from $110.00 to $117.00 and gave the company a “buy” rating in a research report on Friday, April 9th. Finally, Wells Fargo & Company boosted their price objective on Northern Trust from $112.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, April 1st. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $103.56.

In other news, EVP Thomas A. South sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, April 26th. The stock was sold at an average price of $109.65, for a total transaction of $109,650.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steven L. Fradkin sold 36,064 shares of the company’s stock in a transaction that occurred on Tuesday, May 11th. The stock was sold at an average price of $118.67, for a total value of $4,279,714.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 151,276 shares of company stock worth $17,540,631. Company insiders own 0.69% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Thompson Siegel & Walmsley LLC bought a new stake in Northern Trust in the 1st quarter valued at $25,000. Alpha Paradigm Partners LLC bought a new stake in Northern Trust in the 1st quarter valued at $25,000. Atwood & Palmer Inc. raised its stake in Northern Trust by 190.0% in the 1st quarter. Atwood & Palmer Inc. now owns 290 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 190 shares during the period. Capital Asset Advisory Services LLC bought a new stake in Northern Trust in the 4th quarter valued at $29,000. Finally, E Fund Management Co. Ltd. bought a new stake in Northern Trust in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 81.06% of the company’s stock.

Shares of Northern Trust stock traded down $1.50 during trading on Friday, hitting $117.12. 845,405 shares of the company were exchanged, compared to its average volume of 940,816. The company has a market capitalization of $24.38 billion, a price-to-earnings ratio of 21.18, a P/E/G ratio of 1.18 and a beta of 1.10. Northern Trust has a 1-year low of $72.64 and a 1-year high of $123.10. The stock has a fifty day moving average price of $114.53. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.66 and a quick ratio of 0.66.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 1st. Stockholders of record on Friday, June 11th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Thursday, June 10th. Northern Trust’s dividend payout ratio is currently 48.03%.

About Northern Trust

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Corporate & Institutional Services (C&IS) and Wealth Management.

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Earnings History and Estimates for Northern Trust (NASDAQ:NTRS)

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