Brokerages predict that Banner Co. (NASDAQ:BANR) will post $1.20 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Banner’s earnings, with the highest EPS estimate coming in at $1.22 and the lowest estimate coming in at $1.17. Banner posted earnings of $1.08 per share during the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The firm is scheduled to issue its next quarterly earnings results on Thursday, January 20th.
On average, analysts expect that Banner will report full-year earnings of $5.54 per share for the current financial year, with EPS estimates ranging from $5.51 to $5.55. For the next year, analysts forecast that the company will post earnings of $4.57 per share, with EPS estimates ranging from $4.24 to $4.75. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Banner.
Banner (NASDAQ:BANR) last posted its quarterly earnings results on Tuesday, October 19th. The financial services provider reported $1.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.29. The business had revenue of $155.48 million during the quarter, compared to the consensus estimate of $142.45 million. Banner had a return on equity of 11.71% and a net margin of 30.76%. During the same period in the prior year, the company posted $1.04 EPS.
A number of research analysts have recently commented on BANR shares. Zacks Investment Research upgraded Banner from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research report on Wednesday, October 13th. Raymond James increased their target price on Banner from $63.00 to $68.00 and gave the company a “strong-buy” rating in a research report on Friday, October 22nd. Finally, DA Davidson downgraded Banner from a “buy” rating to a “neutral” rating and lowered their target price for the company from $63.00 to…
