Fulton Financial (FULT) Set to Announce Quarterly Earnings on Tuesday

Fulton Financial (NASDAQ:FULT) will be releasing its earnings data after the market closes on Tuesday, October 15th. Analysts expect Fulton Financial to post earnings of $0.44 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Fulton Financial (NASDAQ:FULT) last released its earnings results on Tuesday, July 16th. The bank reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.22. The business had revenue of $334.71 million for the quarter, compared to the consensus estimate of $296.38 million. Fulton Financial had a return on equity of 11.29% and a net margin of 17.93%. The firm’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period last year, the business earned $0.47 earnings per share. On average, analysts expect Fulton Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Fulton Financial Trading Up 2.7 %

Fulton Financial stock opened at $17.95 on Monday. The business has a 50 day moving average price of $18.01 and a two-hundred day moving average price of $17.21. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.26. Fulton Financial has a 12 month low of $11.99 and a 12 month high of $20.33. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 11.15 and a beta of 0.73.

Fulton Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.79%. Fulton Financial’s payout ratio is 42.24%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FULT shares. Jefferies Financial Group decreased their price target on shares of Fulton Financial from $18.50 to $18.00 and set a “hold” rating on the stock in a research note on Wednesday, July 3rd. StockNews.com upgraded shares of Fulton Financial from a “sell” rating to a “hold” rating in a research report on Thursday, July 18th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Fulton Financial has a consensus rating of “Hold” and an average target price of $18.40.

Fulton Financial Company Profile

Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts.