First Citizens BancShares (FCNCA) Projected to Post Quarterly Earnings on Friday

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) will likely be announcing its earnings results before the market opens on Friday, January 24th. Analysts expect the company to announce earnings of $39.32 per share and revenue of $2,258,180.00 billion for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

First Citizens BancShares (NASDAQ:FCNCA - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The bank reported $45.87 earnings per share for the quarter, missing analysts' consensus estimates of $47.40 by ($1.53). First Citizens BancShares had a return on equity of 13.63% and a net margin of 17.36%. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the business earned $55.92 EPS. On average, analysts expect First Citizens BancShares to post $188 EPS for the current fiscal year and $161 EPS for the next fiscal year.

First Citizens BancShares Stock Performance

NASDAQ FCNCA traded down $13.03 on Wednesday, hitting $2,218.11. The stock had a trading volume of 68,937 shares, compared to its average volume of 66,426. The company's 50-day moving average is $2,169.63 and its two-hundred day moving average is $2,028.74. First Citizens BancShares has a one year low of $1,383.00 and a one year high of $2,388.78. The stock has a market cap of $31.03 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 1.01 and a beta of 0.86. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.68.

Analyst Ratings Changes

FCNCA has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of First Citizens BancShares in a research note on Monday, December 9th. They set a "buy" rating and a $2,600.00 price objective on the stock. StockNews.com raised First Citizens BancShares from a "sell" rating to a "hold" rating in a research note on Thursday, January 16th. The Goldman Sachs Group raised their target price on First Citizens BancShares from $2,025.00 to $2,625.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods upgraded shares of First Citizens BancShares from a "market perform" rating to an "outperform" rating and set a $2,500.00 price target on the stock in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of First Citizens BancShares from $2,550.00 to $2,600.00 and gave the company an "overweight" rating in a research report on Tuesday, January 7th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $2,290.75.

About First Citizens BancShares

First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts.