Brokerages expect Zions Bancorporation NA (NASDAQ:ZION) to announce sales of $714.80 million for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Zions Bancorporation NA’s earnings, with the lowest sales estimate coming in at $665.00 million and the highest estimate coming in at $791.70 million. Zions Bancorporation NA posted sales of $701.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 2%. The company is expected to issue its next quarterly earnings report on Monday, July 27th.
According to Zacks, analysts expect that Zions Bancorporation NA will report full-year sales of $2.81 billion for the current fiscal year, with estimates ranging from $2.63 billion to $2.99 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.72 billion, with estimates ranging from $2.61 billion to $2.80 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Zions Bancorporation NA.
Zions Bancorporation NA (NASDAQ:ZION) last issued its earnings results on Monday, April 20th. The bank reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.44). Zions Bancorporation NA had a net margin of 19.32% and a return on equity of 9.36%. The company had revenue of $689.00 million during the quarter, compared to analyst estimates of $679.00 million. During the same quarter in the prior year, the business earned $1.04 EPS.
Zions Bancorporation NA stock traded down $1.96 during mid-day trading on Friday, reaching $32.29. The company had a trading volume of 2,411,675 shares, compared to its average volume of 2,801,832. The business has a fifty day simple moving average of $33.18 and a 200 day simple moving average of $38.57. The company has a market cap of $5.29 billion, a P/E ratio of 10.19, a P/E/G ratio of 3.90 and a beta of 1.66. Zions Bancorporation NA has a fifty-two week low of $23.58 and a fifty-two week high of $52.48. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26.
In other Zions Bancorporation NA news, VP Thomas E. Laursen sold 5,229 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $31.03, for a total value of $162,255.87. Following the completion of the sale, the vice president now directly owns 22,975 shares in the company, valued at $712,914.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Harris H. Simmons purchased 40,000 shares of Zions Bancorporation NA stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of $26.43 per share, with a total value of $1,057,200.00. Following the completion of the acquisition, the chairman now directly owns 1,222,254 shares of the company’s stock, valued at approximately $32,304,173.22. The disclosure for this purchase can be found here. Company insiders own 1.81% of the company’s stock.
Large investors have recently bought and sold shares of the business. FDx Advisors Inc. acquired a new position in shares of Zions Bancorporation NA during the first quarter valued at about $19,487,000. Norges Bank acquired a new position in shares of Zions Bancorporation NA during the fourth quarter valued at about $89,690,000. JPMorgan Chase & Co. grew its holdings in shares of Zions Bancorporation NA by 68.7% during the first quarter. JPMorgan Chase & Co. now owns 3,207,603 shares of the bank’s stock valued at $85,836,000 after buying an additional 1,306,565 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Zions Bancorporation NA by 21.8% during the fourth quarter. Victory Capital Management Inc. now owns 6,158,660 shares of the bank’s stock valued at $319,758,000 after buying an additional 1,101,108 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Zions Bancorporation NA by 5.7% during the first quarter. BlackRock Inc. now owns 13,606,273 shares of the bank’s stock valued at $364,104,000 after buying an additional 732,772 shares during the last quarter. Institutional investors and hedge funds own 95.00% of the company’s stock.
About Zions Bancorporation NA
Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.
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