Revenue Growth Analysis of Huntington Bancshares Incorporated (NASDAQ:HBAN)

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Huntington Bancshares Incorporated (NASDAQ:HBAN) Holding Co For Huntington National Bank Operating Via 762 Offices In Oh, Mi, Pa, In, Wv And Ky. Belonging to the Finance sector which surged 1.54% and closed its last trading session at $9.86.

The company reported its last EPS on 6/30/2016 and is expected to report its next EPS on 10/26/2016. Currently, the stock has a 1 Year Price Target of $10.61.

The consensus recommendation, according to Zacks Investment research, is 2.27. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The Stock had a 2.4 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.28 and 2.39 respectively.

Huntington Bancshares Incorporated on 6/30/2016 reported its EPS as $0.19 with the analysts projecting the EPS of the stock as $0.21. The company beat the analyst EPS Estimate with the difference of $-0.02. This shows a surprise factor of -9.5%.

Many analysts have provided their estimated foresights on Huntington Bancshares Incorporated Earnings, with 23 analysts believing the company would generate an Average Estimate of $0.21. Whereas they predicted High and Low Earnings Estimate as $0.23 and $0.18 respectively. While in the same Quarter Previous year, the Actual EPS was $0.18.

Analysts are also projecting an Average Revenue Estimate for Huntington Bancshares Incorporated as $823.55 Million in the Current Quarter. This estimate is provided by 16 analysts. The High Revenue estimate is predicted as 927.94 Million, while the Low Revenue Estimate prediction stands at 779.95 Million. The company’s last year sales total was 756.7 Million.

For the Current Quarter, the growth estimate for Huntington Bancshares Incorporated is 16.7%, while for the Next Quarter the stock growth estimate is -4.8%. In the past 5 years, the stock showed growth of 5.07% per annum. While for the next 5 years, the growth estimate is 4.82%.

The Company got Upgrade by Deutsche Bank on 28-Sep-16 from Hold to Buy.

Insider Trades for Huntington Bancshares Incorporated show that the latest trade was made on 28 Aug 2016 where Anderson (David S), the Officer completed a transaction type “Sell” in which 3000 shares were traded at a price of $9.82.

Over the period of 6 months, Insider Purchases show a total of 4 transaction in which 20207 shares were traded. 3 Insider Sales transactions were made totaling 50072 shares traded.

22 analysts projected Price Targets for Huntington Bancshares Incorporated. The analysts believe that the company stock price could grow as high as $12. The Low Price target projection by analysts is $9 and the Mean Price Target is $10.61.

Huntington Bancshares Incorporated (NASDAQ:HBAN) has the market capitalization of $7.87 Billion. The company rocked its 52-Week High of $11.87 on Dec 2, 2015 and touched its 52-Week Low of $7.83 on Jan 26, 2016. The stock has Return on Assets (ROA) of 0.9 percent. Return on Equity (ROE) stands at 10% and Return on Investment (ROI) of 12.3 percent.

The stock is currently showing YTD performance of -8.88 Percent. The company has Beta Value of 1.13 and ATR value of 0.2. The Weekly and Monthly Volatility stands at 2.36% and 1.95%.

Company profile:

Huntington Bancshares is a multi-state bank holding company. Its subsidiaries conduct a full-service commercial and consumer banking business, engage in mortgage banking, lease financing, trust services, discount brokerage services, underwriting credit life and disability insurance, selling other insurance products, and issuing commercial paper guaranteed by Huntington, and providing other financial products and services.