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Zacks Research Issues Positive Outlook for PNC Earnings


Zacks Research Issues Positive Outlook for PNC Earnings

The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) - Equities research analysts at Zacks Research raised their Q1 2025 earnings per share estimates for shares of The PNC Financial Services Group in a research note issued on Wednesday, February 5th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $3.47 for the quarter, up from their prior forecast of $3.28. The consensus estimate for The PNC Financial Services Group's current full-year earnings is $15.30 per share. Zacks Research also issued estimates for The PNC Financial Services Group's Q2 2025 earnings at $3.71 EPS, Q3 2025 earnings at $3.98 EPS, Q4 2025 earnings at $4.13 EPS, FY2025 earnings at $15.29 EPS, Q1 2026 earnings at $4.21 EPS, Q2 2026 earnings at $4.27 EPS and FY2027 earnings at $17.82 EPS.

PNC has been the subject of a number of other research reports. Piper Sandler boosted their target price on shares of The PNC Financial Services Group from $200.00 to $220.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 3rd. Stephens reissued an "equal weight" rating and set a $200.00 target price on shares of The PNC Financial Services Group in a report on Friday, January 17th. Morgan Stanley lifted their price target on The PNC Financial Services Group from $199.00 to $208.00 and gave the stock an "underweight" rating in a research note on Friday, January 17th. Evercore ISI lifted their target price on shares of The PNC Financial Services Group from $212.00 to $225.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Finally, Compass Point increased their target price on shares of The PNC Financial Services Group from $175.00 to $233.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $205.00.

Check Out Our Latest Stock Analysis on PNC

Shares of NYSE PNC opened at $200.80 on Monday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $79.67 billion, a PE ratio of 14.60, a PEG ratio of 1.64 and a beta of 1.16. The PNC Financial Services Group has a one year low of $139.69 and a one year high of $216.26. The firm has a fifty day moving average of $198.40 and a 200 day moving average of $190.53.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, beating analysts' consensus estimates of $3.26 by $0.51. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. The business had revenue of $5.57 billion during the quarter, compared to analysts' expectations of $5.51 billion. During the same period in the previous year, the business earned $3.16 earnings per share. The business's revenue was up 3.8% compared to the same quarter last year.

Hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC grew its stake in shares of The PNC Financial Services Group by 5.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,277 shares of the financial services provider's stock worth $2,753,000 after acquiring an additional 758 shares in the last quarter. Moors & Cabot Inc. grew its stake in The PNC Financial Services Group by 38.6% during the 4th quarter. Moors & Cabot Inc. now owns 21,656 shares of the financial services provider's stock worth $4,176,000 after purchasing an additional 6,030 shares in the last quarter. Natural Investments LLC purchased a new stake in The PNC Financial Services Group during the 4th quarter worth about $2,449,000. Donaldson Capital Management LLC lifted its stake in The PNC Financial Services Group by 1.2% in the fourth quarter. Donaldson Capital Management LLC now owns 7,838 shares of the financial services provider's stock worth $1,512,000 after acquiring an additional 92 shares during the last quarter. Finally, King Luther Capital Management Corp increased its holdings in The PNC Financial Services Group by 11.2% in the fourth quarter. King Luther Capital Management Corp now owns 2,188 shares of the financial services provider's stock valued at $422,000 after buying an additional 220 shares during the last quarter. Institutional investors and hedge funds own 83.53% of the company's stock.

In other news, CEO William S. Demchak sold 1,242 shares of the firm's stock in a transaction on Friday, December 20th. The stock was sold at an average price of $189.29, for a total transaction of $235,098.18. Following the completion of the transaction, the chief executive officer now directly owns 530,039 shares in the company, valued at $100,331,082.31. This trade represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 14,904 shares of company stock valued at $2,989,034 over the last 90 days. 0.42% of the stock is owned by company insiders.

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 15th were given a $1.60 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $6.40 dividend on an annualized basis and a yield of 3.19%. The PNC Financial Services Group's payout ratio is currently 46.55%.

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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