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Truist Financial Equities Analysts Reduce Earnings Estimates for Martin Marietta Materials, Inc. (NYSE:MLM)

Truist Financial Equities Analysts Reduce Earnings Estimates for Martin Marietta Materials, Inc. (NYSE:MLM)

Martin Marietta Supplies, Inc. (NYSE:Network marketing – Get Score) – Investment decision analysts at Truist Money reduced their Q1 2022 EPS estimates for Martin Marietta Resources in a investigate observe issued on Wednesday, March 30th. Truist Money analyst K. Hughes now forecasts that the design enterprise will generate $.75 for each share for the quarter, down from their past forecast of $.80. Truist Monetary has a “Get” ranking and a $525.00 cost concentrate on on the inventory. Truist Money also issued estimates for Martin Marietta Materials’ FY2022 earnings at $13.90 EPS. Martin Marietta Elements (NYSE:Multi-level marketing – Get Rating) past announced its earnings success on Thursday, February 10th. The development corporation described $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $.21. The company had revenue of $1.50 billion for the duration of the quarter, in comparison to the consensus estimate of $1.45 billion. Martin Marietta Supplies had a return on equity of 12.31{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a web margin of 12.98{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The firm’s profits for the quarter was up 26.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a calendar year-above-yr basis. For the duration of the identical quarter in the prior calendar year, the corporation attained $2.93 earnings for each share.

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A selection of other equities analysts also not too long ago issued studies on the enterprise. Morgan Stanley lessened their cost objective on Martin Marietta Elements from $484.00 to $470.00 and set an “chubby” rating for the business in a report on Friday, February 11th. DA Davidson reduced their price tag objective on Martin Marietta Supplies from $465.00 to $450.00 in a report on Monday, February 14th. Barclays decreased their value goal on Martin Marietta Components from $485.00 to $450.00 and set an “overweight” ranking for the corporation in a report on Friday, February 11th. At last, StockNews.com assumed coverage on Martin Marietta Resources in a report on Thursday. They established a “market” score for the firm. 1 expense analyst has rated the inventory with a promote ranking, two have offered a maintain score and 8 have issued a get ranking to the inventory. According to MarketBeat, the firm now has an ordinary score of “Acquire” and an ordinary focus on value of $446.20.

Network marketing opened at $384.89 on Friday. The stock has a fifty working day straightforward shifting typical of $379.57 and a two-hundred day simple going ordinary of $392.77. The corporation has a recent ratio of 2.69, a rapid ratio of 1.69 and a credit card debt-to-equity ratio of .78. The organization has a sector cap of $24.02 billion, a rate-to-earnings ratio of 34.30, a value-to-earnings-advancement ratio of 2.15 and a beta of .78. Martin Marietta Materials has a 12-month low of $329.69 and a 12-month significant of $446.46.

The firm also just lately disclosed a quarterly dividend, which was compensated on Thursday, March 31st. Traders of report on Tuesday, March 1st were being offered a dividend of $.61 for every share. The ex-dividend day of this dividend was Monday, February 28th. This represents a $2.44 annualized dividend and a dividend generate of .63{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 21.75{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Numerous institutional traders have not long ago additional to or minimized their stakes in the stock. AHL Financial investment Administration Inc. acquired a new posture in Martin Marietta Resources in the fourth quarter really worth about $31,000. Marshall Wace LLP obtained a new position in Martin Marietta Products in the fourth quarter value about $32,000. NuWave Investment Management LLC bought a new situation in Martin Marietta Products in the fourth quarter worth about $37,000. Tortoise Financial commitment Administration LLC procured a new place in Martin Marietta Resources in the fourth quarter truly worth about $39,000. Ultimately, KB Financial Companions LLC acquired a new place in Martin Marietta Components in the fourth quarter really worth about $40,000. 92.42{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is at the moment owned by institutional buyers.

Martin Marietta Elements Enterprise Profile (Get Rating)

Martin Marietta Supplies, Inc engages in the provision of aggregates such as crushed stone, sand, and gravel as a result of its community of quarries and distribution yards. It operates by the adhering to geographical segments: East Team and West Group. The East Team segments offer aggregated solutions only.

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Earnings History and Estimates for Martin Marietta Materials (NYSE:MLM)

This fast information inform was created by narrative science know-how and monetary data from MarketBeat in get to offer audience with the quickest and most accurate reporting. This tale was reviewed by MarketBeat’s editorial team prior to publication. Be sure to deliver any thoughts or comments about this story to [email protected]

Should really you make investments $1,000 in Martin Marietta Supplies ideal now?

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Truist Financial Analysts Raise Earnings Estimates for First Financial Bankshares, Inc. (NASDAQ:FFIN)

Truist Financial Analysts Raise Earnings Estimates for First Financial Bankshares, Inc. (NASDAQ:FFIN)

First Financial Bankshares, Inc. (NASDAQ:FFIN – Get Rating) – Equities research analysts at Truist Financial increased their Q2 2022 EPS estimates for shares of First Financial Bankshares in a research report issued to clients and investors on Monday, March 21st. Truist Financial analyst J. Demba now expects that the bank will post earnings of $0.40 per share for the quarter, up from their previous estimate of $0.39. Truist Financial also issued estimates for First Financial Bankshares’ Q1 2023 earnings at $0.37 EPS, Q2 2023 earnings at $0.40 EPS and Q4 2023 earnings at $0.43 EPS.

Several other research firms have also issued reports on FFIN. Zacks Investment Research raised shares of First Financial Bankshares from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Thursday, January 6th. StockNews.com upgraded First Financial Bankshares from a “sell” rating to a “hold” rating in a report on Friday.

Shares of NASDAQ:FFIN opened at $45.40 on Tuesday. The stock’s 50-day moving average price is $47.85. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 29.01 and a beta of 0.88. First Financial Bankshares has a 12 month low of $43.03 and a 12 month high of $55.00. First Financial Bankshares (NASDAQ:FFIN – Get Rating) last released its quarterly earnings data on Thursday, January 27th. The bank reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. First Financial Bankshares had a return on equity of 13.23{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 43.88{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business had revenue of $129.71 million during the quarter, compared to the consensus estimate of $133.28 million. During the same period in the prior year, the firm posted $0.41 EPS. The business’s revenue for the quarter was up 2.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a year-over-year basis.

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Several hedge funds have recently modified their holdings of the company. Comerica Bank increased its holdings in First Financial Bankshares by 0.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the fourth quarter. Comerica Bank now owns 58,241 shares of the bank’s stock valued at $2,889,000 after buying an additional 250 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of First Financial Bankshares by 2.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. Crossmark Global Holdings Inc. now owns 11,590 shares of the bank’s stock valued at $589,000 after acquiring an additional 280 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of First Financial Bankshares by 0.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 4th quarter. Louisiana State Employees Retirement System now owns 33,000 shares of the bank’s stock valued at $1,678,000 after acquiring an additional 300 shares in the last quarter. Voya Financial Advisors Inc. raised its position in shares of First Financial Bankshares by 5.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Voya Financial Advisors Inc. now owns 6,040 shares of the bank’s stock valued at $277,000 after acquiring an additional 328 shares in the last quarter. Finally, Beacon Pointe Advisors LLC boosted its holdings in First Financial Bankshares by 0.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Beacon Pointe Advisors LLC now owns 48,013 shares of the bank’s stock worth $2,206,000 after purchasing an additional 395 shares during the period. 53.50{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by institutional investors and hedge funds.

In other First Financial Bankshares news, Director Michael B. Denny bought 10,000 shares of First Financial Bankshares stock in a transaction dated Monday, March 7th. The stock was bought at an average cost of $45.28 per share, for a total transaction of $452,800.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Johnny Trotter purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, February 7th. The stock was bought at an average price of $47.22 per share, with a total value of $118,050.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,212 shares of company stock worth $785,094 in the last ninety days. 4.20{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by insiders.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 1st. Investors of record on Wednesday, March 16th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.32{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date is Tuesday, March 15th. First Financial Bankshares’s payout ratio is 37.74{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About First Financial Bankshares (Get Rating)

First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services in Texas. The company accepts checking, savings and money market accounts, and time deposits; commercial and industrial, municipal, agricultural, construction and development, farm, non-owner occupied and owner-occupied commercial real estate, residential, and consumer auto and non-auto loans to businesses, professional individuals, and farm and ranch operations.

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Earnings History and Estimates for First Financial Bankshares (NASDAQ:FFIN)

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Should you invest $1,000 in First Financial Bankshares right now?

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Truist Financial Analysts Lower Earnings Estimates for Lazydays Holdings, Inc. (NASDAQ:LAZY)

Truist Financial Analysts Lower Earnings Estimates for Lazydays Holdings, Inc. (NASDAQ:LAZY)

Lazydays Holdings, Inc. (NASDAQ:LAZY – Get Score) – Equities scientists at Truist Money cut their Q2 2022 earnings per share estimates for shares of Lazydays in a research note issued to traders on Thursday, March 10th. Truist Financial analyst M. Swartz now expects that the organization will submit earnings of $.94 per share for the quarter, down from their earlier estimate of $.95. Truist Money has a “Hold” rating and a $24.00 price tag objective on the inventory. Truist Economical also issued estimates for Lazydays’ FY2022 earnings at $3.29 EPS and FY2023 earnings at $2.79 EPS.

A quantity of other equities analysis analysts also not too long ago weighed in on LAZY. Zacks Expenditure Investigate downgraded shares of Lazydays from a “hold” rating to a “provide” rating in a report on Saturday, March 5th. Craig Hallum reduce their cost goal on shares of Lazydays from $33.00 to $25.00 and set a “buy” ranking for the company in a report on Friday.

Shares of NASDAQ LAZY opened at $21.46 on Monday. Lazydays has a twelve thirty day period reduced of $15.45 and a twelve month substantial of $25.74. The company has a existing ratio of 1.42, a swift ratio of .60 and a personal debt-to-fairness ratio of .58. The organization has a industry capitalization of $253.79 million, a value-to-earnings ratio of 6.60 and a beta of 1.87. The agency has a 50-working day transferring ordinary of $17.75 and a two-hundred working day transferring normal of $20.18.

Institutional traders and hedge resources have lately modified their holdings of the firm. Compagnie Lombard Odier SCmA acquired a new situation in shares of Lazydays in the 4th quarter valued at about $26,000. Citigroup Inc. improved its holdings in shares of Lazydays by 138.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. Citigroup Inc. now owns 2,008 shares of the company’s stock valued at $43,000 just after paying for an supplemental 1,167 shares for the duration of the time period. BNP Paribas Arbitrage SA enhanced its holdings in shares of Lazydays by 158.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,475 shares of the firm’s stock valued at $53,000 just after getting an supplemental 1,516 shares during the period of time. Bank of The us Corp DE acquired a new posture in shares of Lazydays in the 2nd quarter valued at about $78,000. Finally, SG Americas Securities LLC acquired a new placement in Lazydays in the third quarter worthy of roughly $130,000.

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In other information, Director Coliseum Cash Administration, L obtained 3,573 shares of Lazydays inventory in a transaction on Wednesday, December 15th. The inventory was bought at an ordinary charge of $19.83 per share, with a overall benefit of $70,852.59. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible at this connection. 24.80{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is at present owned by corporate insiders.

Lazydays Corporation Profile (Get Score)

Lazydays Holdings, Inc retails leisure automobiles, motorcycles, jet skis and relevant extras. The business operates recreation motor vehicle dealerships generating earnings by delivering RV owners a full spectrum of merchandise: RV gross sales, RV companies, funding and insurance plan solutions, RV components and extras, RV rentals, third-celebration defense strategies, and RV camping.

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This prompt news notify was generated by narrative science engineering and money information from MarketBeat in order to offer audience with the fastest and most correct reporting. This story was reviewed by MarketBeat’s editorial group prior to publication. Remember to deliver any queries or responses about this story to [email protected]

Really should you invest $1,000 in Lazydays proper now?

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Truist Financial Analysts Lower Earnings Estimates for SilverBow Resources, Inc. (NYSE:SBOW)

Truist Financial Analysts Lower Earnings Estimates for SilverBow Resources, Inc. (NYSE:SBOW)

SilverBow Resources, Inc. (NYSE:SBOW – Get Rating) – Research analysts at Truist Financial dropped their Q3 2022 earnings per share estimates for SilverBow Resources in a report issued on Thursday, March 3rd. Truist Financial analyst N. Dingmann now anticipates that the company will post earnings per share of $1.84 for the quarter, down from their prior estimate of $2.12. Truist Financial has a “Buy” rating and a $39.00 price target on the stock. Truist Financial also issued estimates for SilverBow Resources’ Q4 2022 earnings at $2.21 EPS. SilverBow Resources (NYSE:SBOW – Get Rating) last released its quarterly earnings results on Wednesday, March 2nd. The company reported $4.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.27 by $1.29. SilverBow Resources had a positive return on equity of 87.03{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a negative net margin of 5.87{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. During the same period in the prior year, the business posted $0.77 EPS.

Several other research analysts also recently commented on the stock. TheStreet upgraded shares of SilverBow Resources from a “d+” rating to a “c+” rating in a research report on Thursday. Zacks Investment Research downgraded shares of SilverBow Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 20th.

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Shares of NYSE:SBOW opened at $27.69 on Monday. SilverBow Resources has a 12-month low of $7.31 and a 12-month high of $34.83. The stock has a market cap of $448.83 million, a PE ratio of -19.64 and a beta of 2.23. The business has a 50 day moving average of $23.61 and a 200-day moving average of $23.87. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 4.41.

A number of large investors have recently made changes to their positions in the business. Adage Capital Partners GP L.L.C. raised its position in SilverBow Resources by 1.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 520,524 shares of the company’s stock worth $11,332,000 after purchasing an additional 7,753 shares during the period. Vanguard Group Inc. boosted its stake in shares of SilverBow Resources by 53.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 2nd quarter. Vanguard Group Inc. now owns 397,473 shares of the company’s stock valued at $9,229,000 after purchasing an additional 138,885 shares in the last quarter. Millennium Management LLC boosted its stake in shares of SilverBow Resources by 443.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 4th quarter. Millennium Management LLC now owns 237,072 shares of the company’s stock valued at $5,161,000 after purchasing an additional 193,465 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of SilverBow Resources by 63.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 4th quarter. Acadian Asset Management LLC now owns 220,148 shares of the company’s stock valued at $4,790,000 after purchasing an additional 85,199 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in SilverBow Resources by 25.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Two Sigma Advisers LP now owns 194,900 shares of the company’s stock worth $4,775,000 after acquiring an additional 39,800 shares in the last quarter. 65.22{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by hedge funds and other institutional investors.

In related news, COO Steven W. Adam sold 4,804 shares of the firm’s stock in a transaction that occurred on Tuesday, March 1st. The shares were sold at an average price of $27.00, for a total value of $129,708.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by corporate insiders.

About SilverBow Resources (Get Rating)

SilverBow Resources, Inc is a growth-oriented independent oil and gas company. It engages in the acquiring and developing assets in the Eagle Ford Shale. The company was founded on October 11, 1979 and is headquartered in Houston, TX.

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Earnings History and Estimates for SilverBow Resources (NYSE:SBOW)

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]

Should you invest $1,000 in SilverBow Resources right now?

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MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and SilverBow Resources wasn’t on the list.

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Truist Financial Analysts Boost Earnings Estimates for Scientific Games Co. (NASDAQ:SGMS)

Truist Financial Analysts Boost Earnings Estimates for Scientific Games Co. (NASDAQ:SGMS)

Scientific Online games Co. (NASDAQ:SGMS – Get Rating) – Truist Monetary upped their Q4 2022 earnings for each share (EPS) estimates for Scientific Games in a research report issued on Tuesday, March 1st. Truist Fiscal analyst B. Jonas now expects that the engineering company will make $.38 for each share for the quarter, up from their preceding forecast of $.29. Truist Financial at the moment has a “Invest in” rating and a $85.00 concentrate on price on the inventory.

SGMS has been the matter of a quantity of other studies. Credit rating Suisse Group boosted their target price on shares of Scientific Online games from $45.00 to $52.00 and gave the inventory an “underperform” score in a report on Thursday. StockNews.com downgraded shares of Scientific Online games from a “invest in” ranking to a “hold” ranking in a report on Wednesday, February 23rd. Lastly, Deutsche Bank Aktiengesellschaft reduced their goal rate on shares of Scientific Video games from $71.00 to $67.00 and set a “keep” score on the stock in a report on Wednesday. One analyst has rated the stock with a promote rating, 4 have assigned a maintain ranking and 4 have issued a buy ranking to the organization. In accordance to data from MarketBeat, the stock has a consensus score of “Keep” and a consensus focus on value of $81.44.

Shares of SGMS opened at $63.57 on Friday. The firm’s 50 working day going regular price is $61.70 and its two-hundred working day moving normal cost is $69.31. The business has a current market cap of $6.14 billion, a P/E ratio of 34.74 and a beta of 1.95. Scientific Video games has a twelve month small of $36.89 and a twelve month significant of $90.20. Scientific Video games (NASDAQ:SGMS – Get Score) last issued its quarterly earnings knowledge on Tuesday, March 1st. The technology corporation claimed $.95 earnings for every share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($.36) by $1.31. Scientific Games had a internet margin of 6.39{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a damaging return on fairness of 5.54{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The company had earnings of $580.00 million in the course of the quarter, as opposed to analysts’ anticipations of $558.79 million. All through the exact quarter in the previous year, the company earned ($.59) earnings for each share. The business’s revenue for the quarter was up 20.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a 12 months-in excess of-yr foundation.

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Many hedge resources have lately additional to or lowered their stakes in SGMS. FORA Capital LLC acquired a new situation in shares of Scientific Games in the 2nd quarter valued at about $46,000. US Bancorp DE lifted its position in Scientific Video games by 121.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} for the duration of the third quarter. US Bancorp DE now owns 866 shares of the technological know-how company’s inventory really worth $71,000 right after buying an further 475 shares in the course of the time period. Dim Forest Funds Administration LP bought a new stake in Scientific Online games all through the third quarter value about $108,000. Convergence Investment decision Partners LLC purchased a new stake in Scientific Game titles all through the third quarter truly worth about $169,000. Last but not least, Keebeck Alpha LP purchased a new stake in Scientific Game titles through the 3rd quarter value about $207,000. Institutional traders and hedge cash own 93.19{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

About Scientific Game titles (Get Ranking)

Scientific Online games Corp. engages in the improvement of engineering-based merchandise and products and services and associated articles. It operates by means of the adhering to enterprise segments: Gaming, Lottery, SciPlay, and Electronic. The Gaming section models, develops, manufactures, markets, and distributes a comprehensive portfolio of gaming solutions and solutions.

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Earnings History and Estimates for Scientific Games (NASDAQ:SGMS)

This immediate information alert was produced by narrative science technology and money data from MarketBeat in get to present readers with the speediest and most correct reporting. This tale was reviewed by MarketBeat’s editorial crew prior to publication. Please mail any concerns or responses about this story to [email protected]

Really should you invest $1,000 in Scientific Online games right now?

In advance of you take into account Scientific Video games, you will want to hear this.

MarketBeat keeps observe of Wall Street’s best-rated and ideal undertaking research analysts and the stocks they advise to their clientele on a day by day foundation. MarketBeat has determined the five stocks that leading analysts are quietly whispering to their purchasers to buy now ahead of the broader market catches on… and Scientific Video games was not on the listing.

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Truist Financial Analysts Lift Earnings Estimates for Devon Energy Co. (NYSE:DVN)

Truist Financial Analysts Lift Earnings Estimates for Devon Energy Co. (NYSE:DVN)

Devon Energy Co. (NYSE:DVN) – Investment analysts at Truist Financial boosted their Q1 2022 earnings estimates for Devon Energy in a research note issued on Wednesday, February 16th. Truist Financial analyst N. Dingmann now anticipates that the energy company will post earnings per share of $1.39 for the quarter, up from their prior estimate of $1.34. Truist Financial has a “Buy” rating and a $65.00 price target on the stock. Devon Energy (NYSE:DVN) last posted its quarterly earnings results on Monday, February 14th. The energy company reported $1.39 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.15. Devon Energy had a return on equity of 26.76{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 23.60{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

DVN has been the topic of a number of other reports. Credit Suisse Group boosted their price target on Devon Energy from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, February 16th. StockNews.com raised Devon Energy from a “hold” rating to a “buy” rating in a report on Thursday. Benchmark raised Devon Energy from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Wednesday, November 3rd. Barclays upped their price objective on Devon Energy from $49.00 to $51.00 and gave the company an “overweight” rating in a research report on Thursday, January 13th. Finally, Citigroup upped their price objective on Devon Energy from $39.00 to $57.00 in a research note on Thursday, January 20th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $48.19.

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NYSE DVN opened at $54.78 on Monday. The stock’s 50 day moving average is $48.09 and its 200 day moving average is $40.31. The company has a current ratio of 1.38, a quick ratio of 1.21 and a debt-to-equity ratio of 0.69. Devon Energy has a 12 month low of $19.61 and a 12 month high of $56.42. The stock has a market cap of $37.09 billion, a PE ratio of 13.14, a P/E/G ratio of 0.23 and a beta of 2.87.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its position in Devon Energy by 1.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the second quarter. State Street Corp now owns 40,381,741 shares of the energy company’s stock worth $1,178,743,000 after buying an additional 460,138 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Devon Energy by 36.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the second quarter. Price T Rowe Associates Inc. MD now owns 32,658,423 shares of the energy company’s stock worth $953,299,000 after buying an additional 8,679,826 shares in the last quarter. Invesco Ltd. lifted its position in Devon Energy by 0.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Invesco Ltd. now owns 25,897,429 shares of the energy company’s stock worth $919,617,000 after buying an additional 84,866 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Devon Energy by 9.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. Bank of New York Mellon Corp now owns 14,567,536 shares of the energy company’s stock worth $517,294,000 after buying an additional 1,270,392 shares in the last quarter. Finally, GQG Partners LLC lifted its position in Devon Energy by 4.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the fourth quarter. GQG Partners LLC now owns 14,507,422 shares of the energy company’s stock worth $638,965,000 after buying an additional 595,212 shares in the last quarter. Institutional investors and hedge funds own 88.11{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

In other Devon Energy news, CAO Jeremy D. Humphers sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 14th. The stock was sold at an average price of $40.64, for a total value of $81,280.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Tana K. Cashion sold 41,883 shares of the firm’s stock in a transaction that occurred on Tuesday, December 14th. The shares were sold at an average price of $40.13, for a total value of $1,680,764.79. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,812 shares of company stock worth $1,801,555. 0.59{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by corporate insiders.

Devon Energy announced that its board has approved a share buyback plan on Tuesday, November 2nd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the energy company to buy up to 3.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 31st. Investors of record on Monday, March 14th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 7.30{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This is a positive change from Devon Energy’s previous quarterly dividend of $0.84. The ex-dividend date is Friday, March 11th. Devon Energy’s dividend payout ratio (DPR) is 10.55{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About Devon Energy

Devon Energy Corp. engages in the exploration, development, and production of oil and natural gas properties. It develops and operates Delaware Basin, Eagle Ford, Heavy Oil, Baarnett Shale, STACK, and Rockies Oil. The company was founded by J. Larry Nichols and John W. Nichols in 1971 and is headquartered in Oklahoma City, OK.

See Also

Earnings History and Estimates for Devon Energy (NYSE:DVN)

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