Regions Financial (RF) to Release Earnings on Friday

Regions Financial (NYSE:RF) will be issuing its quarterly earnings data before the market opens on Friday, January 17th. Analysts expect the company to announce earnings of $0.55 per share and revenue of $1,857,300.00 billion for the quarter.

Regions Financial (NYSE:RF) last released its earnings results on Friday, October 18th. The bank reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.04). The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.80 billion. Regions Financial had a return on equity of 12.60% and a net margin of 18.78%. Regions Financial’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 EPS. On average, analysts expect Regions Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Regions Financial Price Performance

Shares of RF traded up $0.72 during mid-day trading on Wednesday, reaching $24.72. The stock had a trading volume of 9,419,118 shares, compared to its average volume of 8,397,280. The firm has a market cap of $22.47 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 2.61 and a beta of 1.21. Regions Financial has a 12 month low of $17.42 and a 12 month high of $27.96. The business has a fifty day moving average of $25.19 and a 200 day moving average of $23.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.83 and a current ratio of 0.84.

Wall Street Analyst Weigh In

A number of research firms have commented on RF. DA Davidson raised their price target on Regions Financial from $27.00 to $29.00 and gave the company a “buy” rating in a report on Monday, October 21st. Wedbush boosted their price target on Regions Financial from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Piper Sandler upped their price target on Regions Financial from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Morgan Stanley reiterated an “equal weight” rating and set a $32.00 price objective (up previously from $28.00) on shares of Regions Financial in a research report on Monday, December 9th. Finally, Stephens upgraded shares of Regions Financial from an “equal weight” rating to an “overweight” rating and set a $26.00 target price for the company in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.67.

About Regions Financial

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.