Brokerages expect First Commonwealth Financial (NYSE:FCF) to report $88.19 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for First Commonwealth Financial’s earnings. The lowest sales estimate is $87.54 million and the highest is $89.53 million. First Commonwealth Financial reported sales of $89.98 million during the same quarter last year, which would suggest a negative year over year growth rate of 2%. The business is expected to report its next earnings report on Tuesday, July 23rd.
On average, analysts expect that First Commonwealth Financial will report full year sales of $357.29 million for the current fiscal year, with estimates ranging from $354.15 million to $359.80 million. For the next year, analysts forecast that the firm will post sales of $379.31 million, with estimates ranging from $370.74 million to $382.76 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for First Commonwealth Financial.
First Commonwealth Financial (NYSE:FCF) last released its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.01). First Commonwealth Financial had a return on equity of 11.25% and a net margin of 27.84%. The company had revenue of $84.80 million during the quarter, compared to the consensus estimate of $84.91 million. During the same period in the previous year, the company earned $0.24 earnings per share. First Commonwealth Financial’s quarterly revenue was up 6.8% on a year-over-year basis.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in shares of First Commonwealth Financial by 0.5% during the fourth quarter. BlackRock Inc. now owns 14,701,789 shares of the bank’s stock valued at $177,598,000 after purchasing an additional 69,122 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of First Commonwealth Financial by 3.7% during the first quarter. JPMorgan Chase & Co. now owns 2,427,337 shares of the bank’s stock valued at $30,584,000 after purchasing an additional 85,816 shares in the last quarter. Norges Bank bought a new position in shares of First Commonwealth Financial during the fourth quarter valued at approximately $15,566,000. Parametric Portfolio Associates LLC increased its stake in shares of First Commonwealth Financial by 0.4% during the first quarter. Parametric Portfolio Associates LLC now owns 1,116,064 shares of the bank’s stock valued at $14,062,000 after purchasing an additional 4,994 shares in the last quarter. Finally, LSV Asset Management increased its stake in shares of First Commonwealth Financial by 14.2% during the first quarter. LSV Asset Management now owns 900,434 shares of the bank’s stock valued at $11,345,000 after purchasing an additional 111,700 shares in the last quarter. 66.57% of the stock is owned by institutional investors.
FCF stock opened at $12.72 on Wednesday. First Commonwealth Financial has a 1 year low of $11.33 and a 1 year high of $17.91. The company has a market capitalization of $1.26 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.47 and a beta of 1.17. The business has a 50-day moving average of $13.05. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.19.
First Commonwealth Financial Company Profile
First Commonwealth Financial Corporation, through its subsidiaries, provides consumer and commercial banking services to individuals, and small and mid-sized businesses in the United States. Its consumer services include personal checking accounts, interest-earning checking accounts, savings accounts, insured money market accounts, debit cards, investment certificates, fixed and variable rate certificates of deposit, mortgage loans, secured and unsecured installment loans, construction and real estate loans, safe deposit facilities, credit cards, credit lines with overdraft checking protection, IRA accounts, and automated teller machine (ATM) services, as well as Internet, mobile, and telephone banking services.
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