Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) Expected to Announce Quarterly Sales of $168.03 Million

Brokerages predict that Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) will report $168.03 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Home Bancshares, Inc. (Conway, AR)’s earnings. The highest sales estimate is $170.40 million and the lowest is $166.20 million. Home Bancshares, Inc. (Conway, AR) posted sales of $176.09 million in the same quarter last year, which would indicate a negative year over year growth rate of 4.6%. The firm is expected to issue its next earnings report before the market opens on Thursday, October 21st.

On average, analysts expect that Home Bancshares, Inc. (Conway, AR) will report full-year sales of $691.43 million for the current financial year, with estimates ranging from $678.70 million to $704.00 million. For the next year, analysts expect that the business will post sales of $900.60 million, with estimates ranging from $897.00 million to $904.20 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Home Bancshares, Inc. (Conway, AR).

Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB) last posted its quarterly earnings data on Wednesday, July 14th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $172.40 million for the quarter, compared to the consensus estimate of $174.17 million. Home Bancshares, Inc. (Conway, AR) had a net margin of 40.76% and a return on equity of 11.86%. The business’s revenue for the quarter was up 174.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 EPS.

A number of brokerages recently weighed in on HOMB. Zacks Investment Research downgraded shares of Home Bancshares, Inc. (Conway, AR) from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 5th. Raymond James downgraded shares of Home Bancshares, Inc. (Conway, AR) from an “outperform” rating to a “market perform” rating in a report on Friday, July 16th.

Shares of NASDAQ:HOMB traded down $0.27 during midday trading on Wednesday, reaching $23.50. The company had a trading volume of 299,591 shares, compared to its average volume of 648,433. The company’s 50 day moving average price is $22.39 and its 200 day moving average price is $24.61. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.29. The stock has a market cap of $3.86 billion, a P/E ratio of 12.05 and a beta of 1.53. Home Bancshares, Inc. has a 52-week low of $15.83 and a 52-week high of $29.76.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Wednesday, August 11th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Tuesday, August 10th. Home Bancshares, Inc. (Conway, AR)’s dividend payout ratio (DPR) is presently 30.27%.

In related news, CEO John W. Allison purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, September 30th. The shares were purchased at an average cost of $23.68 per share, for a total transaction of $118,400.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Allison purchased 10,000 shares of the firm’s stock in a transaction dated Monday, September 27th. The shares were bought at an average price of $23.98 per share, for a total transaction of $239,800.00. The disclosure for this purchase can be found here. 8.79% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Stifel Financial Corp increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.2% during the second quarter. Stifel Financial Corp now owns 38,047 shares of the financial services provider’s stock valued at $939,000 after buying an additional 469 shares during the period. Toronto Dominion Bank increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 34.7% during the second quarter. Toronto Dominion Bank now owns 2,120 shares of the financial services provider’s stock valued at $52,000 after buying an additional 546 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 1.5% in the first quarter. Thrivent Financial for Lutherans now owns 40,391 shares of the financial services provider’s stock worth $1,093,000 after purchasing an additional 607 shares during the last quarter. Eaton Vance Management increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 0.6% in the first quarter. Eaton Vance Management now owns 130,108 shares of the financial services provider’s stock worth $3,519,000 after purchasing an additional 819 shares during the last quarter. Finally, CWM Advisors LLC increased its position in shares of Home Bancshares, Inc. (Conway, AR) by 3.1% in the second quarter. CWM Advisors LLC now owns 28,710 shares of the financial services provider’s stock worth $709,000 after purchasing an additional 870 shares during the last quarter. Hedge funds and other institutional investors own 66.57% of the company’s stock.

About Home Bancshares, Inc. (Conway, AR)

Home Bancshares, Inc is a bank holding company, which engages in the provision of financial services through its subsidiary Centennial Bank. It primarily offers a range of commercial and retail banking and related financial services to businesses, real estate developers and investors, individuals, and municipalities.

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Earnings History and Estimates for Home Bancshares, Inc. (Conway, AR) (NASDAQ:HOMB)

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