Northern Trust Co. (NASDAQ:NTRS) Expected to Post Earnings of $1.77 Per Share

Wall Street brokerages expect Northern Trust Co. (NASDAQ:NTRS) to announce earnings per share of $1.77 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Northern Trust’s earnings. The highest EPS estimate is $1.82 and the lowest is $1.70. Northern Trust posted earnings per share of $1.46 during the same quarter last year, which would suggest a positive year over year growth rate of 21.2%. The firm is scheduled to report its next earnings results on Wednesday, July 28th.

On average, analysts expect that Northern Trust will report full year earnings of $6.88 per share for the current financial year, with EPS estimates ranging from $6.55 to $7.11. For the next year, analysts expect that the business will post earnings of $7.50 per share, with EPS estimates ranging from $7.18 to $7.80. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Northern Trust.

Northern Trust (NASDAQ:NTRS) last announced its earnings results on Monday, April 19th. The asset manager reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.21. The company had revenue of $1.59 billion for 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 firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.55 earnings per share.

A number of analysts have issued reports on NTRS shares. Wells Fargo & Company boosted their target price on Northern Trust from $112.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, April 1st. Credit Suisse Group boosted their target price on Northern Trust from $94.00 to $102.00 and gave the company an “underperform” rating in a research report on Monday, March 29th. Barclays upped their price objective on Northern Trust from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 7th. Deutsche Bank Aktiengesellschaft upped their price objective on Northern Trust from $110.00 to $117.00 and gave the stock a “buy” rating in a research report on Friday, April 9th. Finally, Royal Bank of Canada upped their price objective on Northern Trust from $108.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 21st. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $103.56.

In other Northern Trust news, EVP Robert P. Browne sold 10,000 shares of the company’s stock in a transaction on Friday, March 12th. The shares were sold at an average price of $102.18, for a total value of $1,021,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shundrawn A. Thomas sold 4,748 shares of the company’s stock in a transaction on Thursday, April 22nd. The shares were sold at an average price of $107.48, for a total transaction of $510,315.04. The disclosure for this sale can be found here. Insiders sold 151,276 shares of company stock valued at $17,540,631 in the last 90 days. 0.69% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NTRS. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Northern Trust during the first quarter worth about $25,000. Alpha Paradigm Partners LLC acquired a new stake in shares of Northern Trust during the first quarter worth about $25,000. Atwood & Palmer Inc. boosted its stake in shares of Northern Trust by 190.0% during the first quarter. Atwood & Palmer Inc. now owns 290 shares of the asset manager’s stock worth $30,000 after buying an additional 190 shares during the period. Capital Asset Advisory Services LLC acquired a new stake in shares of Northern Trust during the fourth quarter worth about $29,000. Finally, E Fund Management Co. Ltd. acquired a new stake in shares of Northern Trust during the first quarter worth about $38,000. Institutional investors own 81.06% of the company’s stock.

NASDAQ NTRS traded down $1.50 on Thursday, reaching $117.12. The stock had a trading volume of 845,405 shares, 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 price-to-earnings-growth ratio of 1.18 and a beta of 1.10. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.42. Northern Trust has a 12-month low of $72.64 and a 12-month high of $123.10. The company’s fifty day moving average price is $114.53.

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

Northern Trust Company Profile

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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