Huntington Bancshares Incorporated (NASDAQ:HBAN) is set to announce third quarter earning results on Thursday 22nd October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, HBAN to report 3Q20 income of $ 0.25 per share.
For the full year, analysts anticipate top line of $ 4780.73 million, while looking forward to income of $ 0.64 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 1,206.66 million ~ $ 1,206.66 million
Full Year 2020 topline are forecasted in a range of$ 4,763.00 million ~ $ 4,857.00 million
Click Here For More Historical Outlooks Of Huntington Bancshares Incorporated
Previous Quarter Performance
Huntington Bancshares Incorporated posted income for the second quarter of $ 0.13 per share, from the revenue of $ 1,183.00 million. The quarterly earnings contracted 60.61 percent while revenues down 0.25 percent compared with the same quarter last year.
According to street consensus, HBAN was expected to report 2Q20 income of $ 0.04 per share from revenue of $ 1145.92 million. The bottom line results beat street analysts by $ 0.09 or 225.00 percent, at the same time, top line results outshined analysts by $ 37.08 million or 3.24 percent.
Stock Performance
Shares of Huntington Bancshares Incorporated traded low $ -0.22 or -2.23 percent on Wednesday, reaching $ 9.66 with volume of 5.50 million shares. The stock opened down for the day at $ 9.82, after closing the previous day trading at $ 9.88.
According to the previous trading day, closing price of $ 9.88, representing a 44.87 % increase from the 52 week low of $ 6.82 and a 36.79 % decrease over the 52 week high of $ 15.63.
The company has a market capital of $ 9.83 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 29th September 2020, maintained by Piper Sandler at Neutral rating, with $ 10.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.15 per share on July 23, 2020. The dividend were payable on October 1, 2020 to holders of record as of the close of business on September 17, 2020 and ex-dividend date on September 16, 2020.
Conference Call
Huntington Bancshares Incorporated will be hosting a conference call at 10:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.huntington.com
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG). The Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, mortgage loans, credit cards, and small business loans, as well as investment products.
