MMA loans

Zacks: Analysts expect State Street Co. (NYSE:STT) to post EPS of $1.87

Brokers expect State Street Co. (NYSE:STT – Get a rating) will report earnings per share (EPS) of $1.87 for the current quarter, Zacks reports. Five analysts made State Street earnings estimates. The lowest EPS estimate is $1.79 and the highest is $1.97. State Street reported earnings per share of $1.97 in the same quarter last year, suggesting a negative 5.1% year-over-year growth rate. The company is expected to announce its next earnings report on Monday, January 1.

On average, analysts expect State Street to report annual earnings of $7.80 per share for the current fiscal year, with EPS estimates ranging from $7.44 to $8.10. For next year, analysts expect the company to post earnings of $9.76 per share, with EPS estimates ranging from $8.50 to $10.40. Zacks earnings per share averages are an average based on a survey of analysts who cover State Street.

State Street (NYSE: STT – Get a rating) last reported results on Thursday, April 14. The asset manager reported EPS of $1.59 for the quarter, beating the consensus estimate of $1.47 by $0.12. The company posted revenue of $3.08 billion in the quarter, versus $3.03 billion expected by analysts. State Street had a net margin of 22.82% and a return on equity of 11.59%. The company’s revenue for the quarter increased by 4.4% compared to the same quarter last year. In the same quarter a year earlier, the company posted EPS of $1.47.

(A d)

Whether you’re looking to learn the basics of futures or you’re a seasoned veteran looking to hone your trading skills, our technical analysis guide has everything you need to succeed in today’s futures markets. today!

A number of analysts have recently commented on STT shares. Morgan Stanley lowered its price target on State Street shares from $123.00 to $112.00 and set an “overweight” rating for the company in a Monday, April 18 research report. Wolfe Research downgraded State Street from an “outperform” rating to a “peer performance” rating and set a target price of $101.00 for the company. in a report on Thursday, March 31. Citigroup upgraded State Street from a “buy” rating to a “neutral” rating in a Monday, April 11 report. Deutsche Bank Aktiengesellschaft lowered its target price on State Street from $100.00 to $80.00 in a Thursday, May 19 report. Finally, Credit Suisse Group lowered its target price on State Street from $106.00 to $90.00 and set a “neutral” rating for the company in a Monday, April 18 report. Eight equity research analysts gave the stock a hold rating and seven gave the stock a buy rating. According to data from MarketBeat, State Street currently has a consensus rating of “Hold” and an average target price of $100.86.

Shares of STT rose $2.05 during Friday trading hours, hitting $73.04. The stock recorded a trading volume of 3,041,986 shares, compared to an average volume of 2,573,813 shares. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt ratio of 0.57. State Street has a 52-week low of $65.41 and a 52-week high of $104.87. The company has a 50-day moving average of $76.20 and a 200-day moving average of $87.54. The company has a market capitalization of $26.81 billion, a P/E ratio of 9.90, a P/E/G ratio of 1.05 and a beta of 1.61.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 11. Investors of record on Friday, July 1 will receive a dividend of $0.57. The ex-dividend date is Thursday, June 30. This represents an annualized dividend of $2.28 and a yield of 3.12%. State Street’s dividend payout ratio (DPR) is currently 30.89%.

A number of large investors have recently changed their stock holdings. Louisiana State Employees Retirement System increased its stake in State Street by 0.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 22,900 shares of the asset manager valued at $2,130,000 after buying 100 more shares in the last quarter. Samalin Investment Counsel LLC increased its stake in State Street by 5.0% in the 4th quarter. Samalin Investment Counsel LLC now owns 2,124 shares of the asset manager valued at $197,000 after acquiring 101 additional shares during the period. Integrated Wealth Concepts LLC increased its holdings in State Street by 4.0% in the fourth quarter. Integrated Wealth Concepts LLC now owns 2,755 shares of the asset manager valued at $256,000 after acquiring an additional 106 shares during the period. IFM Investors Pty Ltd increased its stake in State Street by 0.3% in the fourth quarter. IFM Investors Pty Ltd now owns 48,049 shares in the asset manager valued at $4,469,000 after acquiring an additional 121 shares during the period. Finally, MMA Asset Management LLC increased its stake in State Street by 4.8% in the 4th quarter. MMA Asset Management LLC now owns 2,691 shares of the asset manager valued at $250,000 after acquiring an additional 124 shares during the period. Institutional investors and hedge funds own 91.48% of the company’s shares.

About State Street (Get a rating)

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The Company offers investment services products and services, including custody; product accounting; day-to-day pricing and administration; master trust and master custody; depository banking services; record keeping; finance management; foreign exchange, brokerage and other business services; enhanced securities finance and custody products; deposit and short-term investment facilities; loans and leasing; the outsourcing of investment manager and alternative investment management operations; performance, risk and compliance analysis; and financial data management to support institutional investors.

Featured Articles

Get a Free Copy of Zacks Research Report on State Street (STT)

For more information on Zacks Investment Research’s research offerings, visit

Earnings history and estimates for State Street (NYSE:STT)

This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in State Street right now?

Before you consider State Street, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and State Street didn’t make the list.

Although State Street currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here