S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
pixel
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
pixel
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
pixel
pixel
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
pixel
pixel
pixel
Log in

Webster Financial (WBS) Scheduled to Post Earnings on Thursday

Thursday, January 14, 2021 | MarketBeat

Webster Financial (NYSE:WBS) is scheduled to be releasing its earnings data before the market opens on Thursday, January 21st. Analysts expect Webster Financial to post earnings of $0.70 per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Webster Financial (NYSE:WBS) last announced its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $0.75 EPS for the quarter, topping the Zacks' consensus estimate of $0.69 by $0.06. Webster Financial had a return on equity of 9.30% and a net margin of 20.01%. The company had revenue of $294.32 million during the quarter, compared to the consensus estimate of $296.02 million. During the same quarter last year, the company earned $1.01 EPS. The company's quarterly revenue was down 5.2% on a year-over-year basis. On average, analysts expect Webster Financial to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of WBS opened at $50.61 on Thursday. Webster Financial has a 1 year low of $18.16 and a 1 year high of $53.52. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.36. The stock has a 50 day simple moving average of $42.29 and a 200-day simple moving average of $32.41. The stock has a market cap of $4.57 billion, a PE ratio of 17.33 and a beta of 1.65.

A number of equities analysts have recently issued reports on the company. UBS Group raised Webster Financial from a "neutral" rating to a "buy" rating and increased their target price for the stock from $27.00 to $56.00 in a report on Friday, January 8th. ValuEngine raised Webster Financial from a "sell" rating to a "hold" rating in a report on Tuesday, December 15th. JPMorgan Chase & Co. increased their target price on Webster Financial from $38.00 to $50.00 in a report on Tuesday, December 15th. Raymond James increased their target price on Webster Financial from $40.00 to $50.00 and gave the stock a "strong-buy" rating in a report on Monday, December 7th. Finally, BidaskClub raised Webster Financial from a "buy" rating to a "strong-buy" rating in a report on Tuesday, December 15th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. Webster Financial presently has a consensus rating of "Buy" and a consensus price target of $43.35.

About Webster Financial

Webster Financial Corporation operates as the holding company for Webster Bank, National Association that provides a range of banking, investment, and financial services to individuals, families, and businesses in the United States. It operates through three segments: Commercial Banking, HSA Bank, and Community Banking.

Recommended Story: What does cost of debt say about a company’s financial health?

Earnings History for Webster Financial (NYSE:WBS)

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]


12 Stocks Corporate Insiders are Abandoning

An insider trade occurs when a corporate executive (such as a CEO, CFO, or COO) has non-public information about a company buys or sells shares of that company's stock. Company insiders are required by law to regularly report their stock purchases and sales to the SEC.

Tracking a company's insider trades is a metric that can be used to identify the direction that the company's executives believe that the company is headed. If a number of insiders sell shares of their company, they may believe that the company will have weak future earnings and that the share price will decline in the near future.

For example, if Microsoft's CEO, CFO, and COO all recently sold shares of Microsoft stock, that would be an indication that there could be unreported news that may negatively affect Microsoft's stock price in the near future.

This slideshow lists the 12 companies that have had the highest levels of insider buying within the last 180 days.

View the "12 Stocks Corporate Insiders are Abandoning".

Free Email Newsletter

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.