Hancock Whitney Corp (NYSE:HWC) Expected to Post Quarterly Sales of $317.25 Million

Equities research analysts expect Hancock Whitney Corp (NYSE:HWC) to report sales of $317.25 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Hancock Whitney’s earnings. The lowest sales estimate is $315.50 million and the highest is $319.70 million. Hancock Whitney posted sales of $299.12 million during the same quarter last year, which suggests a positive year over year growth rate of 6.1%. The company is expected to issue its next quarterly earnings report on Tuesday, July 21st.

On average, analysts expect that Hancock Whitney will report full-year sales of $1.28 billion for the current year, with estimates ranging from $1.27 billion to $1.31 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.24 billion, with estimates ranging from $1.19 billion to $1.30 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Hancock Whitney.

Hancock Whitney (NYSE:HWC) last announced its earnings results on Tuesday, April 28th. The company reported ($1.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($1.62). The firm had revenue of $319.02 million for the quarter, compared to the consensus estimate of $308.63 million. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.00 earnings per share.

HWC has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Hancock Whitney from a “sell” rating to a “hold” rating and set a $23.00 price target on the stock in a research report on Monday, June 8th. SunTrust Banks increased their price target on shares of Hancock Whitney from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Thursday, June 18th. Raymond James upgraded shares of Hancock Whitney from a “market perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a research report on Wednesday, June 17th. TheStreet lowered shares of Hancock Whitney from a “b-” rating to a “c+” rating in a research report on Tuesday, March 3rd. Finally, DA Davidson lowered shares of Hancock Whitney from a “buy” rating to a “neutral” rating in a research report on Friday, May 1st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Hancock Whitney presently has a consensus rating of “Hold” and a consensus target price of $29.00.

Shares of NYSE HWC traded up $1.60 during trading hours on Thursday, hitting $20.55. 703,300 shares of the stock were exchanged, compared to its average volume of 788,455. The company’s fifty day simple moving average is $21.23 and its two-hundred day simple moving average is $29.51. Hancock Whitney has a 1-year low of $14.32 and a 1-year high of $44.42.

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, June 5th were given a $0.27 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.08 dividend on an annualized basis and a yield of 5.26%.

Several hedge funds have recently added to or reduced their stakes in HWC. Norges Bank bought a new position in shares of Hancock Whitney during the fourth quarter valued at $42,682,000. Macquarie Group Ltd. raised its stake in shares of Hancock Whitney by 22.5% during the fourth quarter. Macquarie Group Ltd. now owns 4,043,620 shares of the company’s stock valued at $177,434,000 after acquiring an additional 742,322 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Hancock Whitney by 33.5% during the fourth quarter. Janus Henderson Group PLC now owns 1,809,965 shares of the company’s stock valued at $79,421,000 after acquiring an additional 453,956 shares during the last quarter. Hancock Whitney Corp raised its stake in shares of Hancock Whitney by 23.6% during the first quarter. Hancock Whitney Corp now owns 1,308,000 shares of the company’s stock valued at $25,533,000 after acquiring an additional 250,060 shares during the last quarter. Finally, Prudential PLC bought a new position in shares of Hancock Whitney during the first quarter valued at $3,912,000.

Hancock Whitney Company Profile

Hancock Whitney Corp. is a bank holding company, which engages in the provision of financial services. It also offers trust and investment management services to retirement plans, corporations, and individuals; and brokerage services, annuity products, and life insurance, general insurance agency services, including life and title insurance, consumer financing service.

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Earnings History and Estimates for Hancock Whitney (NYSE:HWC)

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