Analysts expect Hilltop Holdings Inc. (NYSE:HTH) to post quarterly sales of $368.10 million


Wall Street analysts predict that Hilltop Holdings Inc. (NYSE: HTHGet a rating) will post sales of $368.10 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have released earnings estimates for Hilltop, with the highest sales estimate at $371.30 million and the lowest estimate at $363.80 million. Hilltop recorded sales of $523.27 million in the same quarter last year, indicating a negative year-over-year growth rate of 29.7%. The company is expected to release its next quarterly earnings report after the market closes on Monday, January 1.

According to Zacks, analysts expect Hilltop to post annual sales of $1.54 billion in the current fiscal year, with estimates ranging from $1.52 billion to $1.56 billion. For the next fiscal year, analysts expect the company to report sales of $1.61 billion, with estimates ranging from $1.58 billion to $1.63 billion. Zacks sales averages are an average average based on a survey of research companies that track Hilltop.

Hill (NYSE: HTHGet a rating) last reported results on Thursday, January 27. The financial services provider reported earnings per share (EPS) of $0.78 for the quarter, beating Thomson Reuters consensus estimate of $0.72 by $0.06. Hilltop had a return on equity of 14.99% and a net margin of 19.30%. The company posted revenue of $389.14 million for the quarter, versus analyst estimates of $421.11 million. In the same period a year earlier, the company posted earnings per share of $1.30. The company’s revenue was down 29.9% year over year.

A number of analysts have recently commented on the stock. StockNews.com launched a hedge on Hilltop shares in a research note on Thursday, March 31. They have placed a “holding” rating on the stock. Zacks Investment Research upgraded Hilltop from a “sell” rating to a “hold” rating and set a price target of $31.00 for the company in a Friday, April 1 report.

A number of large investors have recently changed their positions in the company. Nordea Investment Management AB increased its equity stake in Hilltop by 1.3% in the first quarter. Nordea Investment Management AB now owns 247,698 shares of the financial services provider worth $7,448,000 after purchasing an additional 3,126 shares during the period. Diversified Trust Co increased its stake in Hilltop by 16.5% in the 1st quarter. Diversified Trust Co now owns 11,685 shares of the financial services provider worth $344,000 after acquiring 1,658 additional shares in the last quarter. Norges Bank purchased a new stake in shares of Hilltop during Q4, valued at approximately $23,829,000. Westwood Holdings Group Inc. increased its holdings of Hilltop shares by 28.7% during the fourth quarter. Westwood Holdings Group Inc. now owns 932,919 shares of the financial services provider worth $32,783,000 after buying an additional 208,314 shares last quarter. Finally, Forum Financial Management LP bought a new position in shares of Hilltop in the fourth quarter worth about $840,000. 62.66% of the shares are held by hedge funds and other institutional investors.

NYSE HTH traded down $0.26 during Wednesday’s trading, hitting $27.97. 263,264 shares of the company were traded, compared to its average volume of 356,218. The stock has a market capitalization of $2.21 billion, a price-earnings ratio of 6.08 and a beta of 1, 08. The company has a 50-day moving average of $30.36 and a 200-day moving average of $33.45. Hilltop has a 12-month low of $27.70 and a 12-month high of $39.14.

The company also recently announced a quarterly dividend, which was paid on Monday, February 28. Investors of record on Tuesday, February 15 received a dividend of $0.15 per share. This represents a dividend of $0.60 on an annualized basis and a yield of 2.15%. The ex-dividend date was Monday, February 14. This is a positive change from Hilltop’s previous quarterly dividend of $0.12. Hilltop’s dividend payout ratio is 13.04%.

About Hilltop (Get a rating)

Hilltop Holdings Inc provides corporate and personal banking, financial products and services. It operates through three segments: Banking, Broker-Dealer and Mortgage Origination. 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, securities purchase and transportation loans, equipment loans and leases, agricultural and commercial real estate loans and other loans; and commercial and industrial loans, and term and construction financing.

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Earnings history and estimates for Hilltop (NYSE:HTH)



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