Company Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Second Quarter 2016 Earnings Information

[Business Wire] – Wells Fargo & Company is scheduled to announce its second quarter 2016 earnings on Friday, July 15, 2016, at 5 a.m. PT . The news release will be available at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/. Read more on this. Wells Fargo & Company (WFC) , currently valued at $253.32B, started trading this morning at $50.55. Looking at the equity, the company’s one day range is $49.93 to $50.78 with the price of the stock fluctuating between $44.50 to $58.77 over the last 52 weeks. Priced at 12.19x this year’s forecasted earnings, WFC shares are relatively inexpensive compared to the industry’s 15.59x forward p/e ratio. And for income investors, the company pays shareholders $1.50 per share annually in dividends, yielding 3.07%. In a review of the consensus earnings estimate this quarter, 31 sell-side analysts are looking at $1.02 per share, which would be $0.01 worse than the year-ago quarter and a $0.05 sequential decrease. Investors should also note that the full-year EPS estimate of $4.14 is a $0.01 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $22.26 Billion. If realized, that would be a 4.41% increase over the year-ago quarter. In terms of ratings, Piper Jaffray downgraded WFC from Neutral to Underweight (Apr 15, 2016). Previously, Sandler O’Neill downgraded WFC from Buy to Hold. When considering if perhaps the stock is under or overvalued, the average price target is $55.10, which is 9.00% above where the stock opened this morning. See more in (NYSE:WFC) Similar Articles: Company Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Introduces Go FarTM Rewards Stock Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo First Quarter 2016 Earnings Information Company Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Commits $5 Million to Boost Maricopa Homeownership