For this quarter, Wall Street analysts forecast BB&T Corporation (BBT) revenue in a range of $2.86 billion to $2.96 billion, which should be compared with $2.94 billion generated last year. EPS is seen in a range of $1.05 to $1.15, against the $1.01 reported a year ago.The shares have dropped -4.4% since the company’s Mar-19 earnings report. Over the past 12 fiscal quarters, BB&T Corporation (NYSE:BBT) has topped consensus earnings estimates in 8 quarters (66%), missed earnings in 1 quarters (8%), whereas at 3 occasion EPS met analyst expectations. BBT last reported earnings on October 18, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $1.01 per share, -13.68% change on the same period last year. That was better than consensus for $1. Revenue for the recent quarter stood at $2.95 billion, up 3% on last year and above the $2.92 billion predicted by analysts.
BBT’s 50 day simple moving average (SMA 50) price is $47.61 and its 200-day simple moving average (SMA 200) price is $50.62. The company’s stock currently has a total float of 765.11M shares. Its weekly volatility is hovering around 2.07% and felt 2.58% volatility in price over a month. On the upside, the share price will test short term resistance at around $45.99. On a downside, the stock is likely to find some support, which begins at $45.01. The failure to get near-term support could push it to $44.4.
Separately, it has been reported that multiple insider activity took place at BB&T Corporation (BBT). Director Graney Patrick C Iii acquired 4,200 shares for $4,200 in transaction occurred on 2018/12/06. After making this transaction, the Director owns a direct stake of 199,752 shares, worth $191,562, as per the last closing price. On 2018/11/07 Qubein Nido R, Director at BBT, dumped 2,825 shares at an average price of $50.19 per share. The selling total is valued at $2,475,072.
Director, Henry I. Patricia had divested 611 shares for $12,669 through a trade on 2018/10/31. Following this activity, the insider holds 30,245 shares worth $577,833 as of recent close. Wall Street’s most bullish BB&T Corporation (NYSE:BBT) analysts are predicting the share price to blow past $59 per share during the next 12 months. The current median share price forecast by them is $52, suggesting that the stock could increase 14.01% in that time frame. The average price target of $52.66 calls for a nearly 15.46% increase in the stock price.
It had seen a negative analyst call from BofA/Merrill, which downgraded the stock from Buy to Underperform on January 10. Analysts at Barclays, maintained the company shares at Equal Weight on January 02 but switched target price from $58 to $59. The stock lost favor of FIG Partners analysts who expressed their lack of confidence in it using a downgrade from Outperform to Market Perform on July 20. Hilliard Lyons analysts came out with bullish views on April 23 when the call was made. They think the stock is now Buy compared to to their prior call for Neutral.
When looking at valuations, BB&T Corporation (BBT) has a cheap P/E of 12.48x as compared to industry average of 18.6x. Moreover, it trades for 10.47 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.31x price/book and 4.48x price/sales. Compared to others, BB&T Corporation is in a different league with regards to profitability, having net margins of 37.1%. To put some perspective around this, the industry’s average net margin is 33.03%. BBT’s ROE is 11%, which is also considerably worse than the industry’s ROE of 16.94%.
BB&T Corporation (NYSE:BBT) shares went down -0.55% in Friday’s session, putting the price tag at $45.61 plus $35.34B in market capitalization. Earlier in the session, the stock traded between $44.78 and $45.76. Trading activity significantly improved as the volume at ready counter increased to 11,349,898 shares versus 5,491,500 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 5,311,737 shares. The stock is now 12.12% above against its bear-market low of $40.68 on December 26, 2018. It has retreated -23.46% since it’s 52-week high of $56.31 reached in March. Now the market price is down -13.4% on the year and up 5.29% YTD.