Hilltop Holdings Inc. (NYSE:HTH) Expected to Announce Earnings of $0.45 Per Share

Equities analysts forecast that Hilltop Holdings Inc. (NYSE:HTH) will announce earnings of $0.45 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Hilltop’s earnings, with estimates ranging from $0.28 to $0.61. Hilltop reported earnings of $0.86 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 47.7%. The firm is expected to report its next quarterly earnings report before the market opens on Friday, October 23rd.

On average, analysts expect that Hilltop will report full-year earnings of $3.27 per share for the current financial year, with EPS estimates ranging from $3.17 to $3.37. For the next fiscal year, analysts anticipate that the company will post earnings of $1.89 per share, with EPS estimates ranging from $1.65 to $2.24. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Hilltop.

Hilltop (NYSE:HTH) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.63. Hilltop had a net margin of 15.53% and a return on equity of 12.59%. The firm had revenue of $572.68 million for the quarter, compared to the consensus estimate of $405.40 million.

HTH has been the topic of several research analyst reports. Stephens upgraded Hilltop from an “equal weight” rating to an “overweight” rating and set a $24.00 price objective on the stock in a research note on Friday, August 14th. ValuEngine downgraded shares of Hilltop from a “sell” rating to a “strong sell” rating in a research report on Friday, July 3rd. TheStreet raised shares of Hilltop from a “c+” rating to a “b-” rating in a report on Friday, September 25th. Finally, Zacks Investment Research upgraded Hilltop from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research note on Monday, August 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $22.33.

Shares of HTH traded up $0.29 during mid-day trading on Friday, hitting $20.87. The stock had a trading volume of 366,414 shares, compared to its average volume of 517,437. Hilltop has a fifty-two week low of $11.05 and a fifty-two week high of $26.28. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.86 billion, a PE ratio of 6.19 and a beta of 1.31. The company’s fifty day simple moving average is $20.13 and its two-hundred day simple moving average is $17.99.

In related news, Director Hill A. Feinberg sold 20,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $20.46, for a total value of $409,200.00. Following the sale, the director now owns 702,037 shares of the company’s stock, valued at approximately $14,363,677.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 20.90% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of HTH. Raymond James Financial Services Advisors Inc. increased its position in Hilltop by 2.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 28,875 shares of the financial services provider’s stock valued at $533,000 after acquiring an additional 687 shares during the period. US Bancorp DE increased its holdings in shares of Hilltop by 52.4% during the second quarter. US Bancorp DE now owns 2,024 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 696 shares during the period. Horizon Kinetics Asset Management LLC raised its stake in shares of Hilltop by 6.9% during the first quarter. Horizon Kinetics Asset Management LLC now owns 11,904 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 773 shares in the last quarter. Financial Management Professionals Inc. raised its stake in shares of Hilltop by 66.7% during the second quarter. Financial Management Professionals Inc. now owns 2,500 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,000 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its holdings in Hilltop by 2.5% in the first quarter. King Luther Capital Management Corp now owns 47,674 shares of the financial services provider’s stock worth $721,000 after purchasing an additional 1,155 shares during the period. 62.68% of the stock is owned by institutional investors and hedge funds.

Hilltop Company Profile

Hilltop Holdings Inc provides banking and financial products and services. The company operates in four segments: Banking, Broker-Dealer, Mortgage Origination, and Insurance. The Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial and industrial loans, and term and construction finance.

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Earnings History and Estimates for Hilltop (NYSE:HTH)

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