What is Seaport Res Ptn's Forecast for WFC Q1 Earnings?

Wells Fargo & Company (NYSE:WFC - Free Report) - Stock analysts at Seaport Res Ptn upped their Q1 2025 earnings per share estimates for Wells Fargo & Company in a research note issued to investors on Thursday, April 3rd. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will post earnings of $1.24 per share for the quarter, up from their previous forecast of $1.23. The consensus estimate for Wells Fargo & Company's current full-year earnings is $5.89 per share. Seaport Res Ptn also issued estimates for Wells Fargo & Company's Q1 2025 earnings at $1.24 EPS, Q4 2025 earnings at $1.62 EPS, Q4 2025 earnings at $1.62 EPS, Q1 2026 earnings at $1.46 EPS, Q3 2026 earnings at $1.82 EPS, Q3 2026 earnings at $1.82 EPS and Q4 2026 earnings at $1.83 EPS.

A number of other equities analysts have also recently commented on WFC. Barclays raised their target price on Wells Fargo & Company from $90.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. UBS Group increased their price target on Wells Fargo & Company from $69.00 to $85.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Truist Financial raised their price target on Wells Fargo & Company from $82.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Royal Bank of Canada raised Wells Fargo & Company from a "sector perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a research note on Thursday, March 13th. Finally, Bank of America cut their target price on Wells Fargo & Company from $85.00 to $83.00 and set a "buy" rating for the company in a research report on Wednesday. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, Wells Fargo & Company presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.55.

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Wells Fargo & Company Stock Down 9.2 %

Wells Fargo & Company stock opened at $65.62 on Friday. Wells Fargo & Company has a one year low of $50.15 and a one year high of $81.50. The stock has a fifty day moving average of $75.26 and a 200 day moving average of $70.40. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.86. The stock has a market cap of $214.27 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16.

Wells Fargo & Company (NYSE:WFC - Get Free Report) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.09. Wells Fargo & Company had a return on equity of 12.38% and a net margin of 15.73%. The firm had revenue of $20.38 billion during the quarter, compared to analysts' expectations of $20.58 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. The company's revenue was down .5% on a year-over-year basis.

Wells Fargo & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Tuesday, January 7th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Friday, February 7th. Wells Fargo & Company's payout ratio is currently 29.74%.

Hedge Funds Weigh In On Wells Fargo & Company

A number of large investors have recently added to or reduced their stakes in the company. Rialto Wealth Management LLC purchased a new position in shares of Wells Fargo & Company in the 4th quarter worth approximately $26,000. Investment Counsel Co. of Nevada acquired a new stake in Wells Fargo & Company in the fourth quarter valued at approximately $28,000. BNP Paribas purchased a new position in Wells Fargo & Company in the fourth quarter worth $28,000. Modus Advisors LLC acquired a new position in shares of Wells Fargo & Company during the fourth quarter worth $30,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in shares of Wells Fargo & Company during the 4th quarter valued at $30,000. 75.90% of the stock is currently owned by institutional investors.

Wells Fargo & Company Company Profile

Wells Fargo & Co is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.

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