Northern Trust Corporation [NASDAQ:NTRS] will report earnings after markets close on Thursday, January 21st.
NTRS Earnings Forecast For The Current Quarter
Northern Trust Corporation [NTRS] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $1.5B and an earnings per share of $1.49 for Dec 2020. Looking further ahead, the company is expected to report revenue of $1.51B at an EPS of $1.44 for Mar 2021. The estimates represent downside of 0.70% and 7.72% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
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NTRS Earnings Estimates For The Current Year
For the financial year, Northern Trust Corporation [NASDAQ:NTRS] is expected to bring in revenue of $6.1B. The returns are nearly $30.0 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 5.82, lower than that of FY19 by -$0.91. Estimates put this year’s earnings growth at -13.50%, 7.70% for the next, and at an annual -2.43% over the next 5-year period. As for sales, forecasts are for an increase of 0.40% in the current fiscal year and a further 0.70% over the following year.
NTRS Price Performance
On Wall Street, Northern Trust Corporation [NASDAQ:NTRS] finished Tuesday’s session up 0.95% at $97.36. The stock went up to $97.99 at the same session while its lowest single day price was $95.525. In the last five days, it saw a fall of about -0.54%, Northern Trust Corporation shares gained by almost 4.53% since the beginning of the year. However, the share price has dropped to as low as -11.39% below its one year high. On 01/14/21, the company shares recorded $99.86, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $90.63. The company’s shares have declined by -10.99% in the past year. The 50-day SMA achieved is $92.96 while the 200-day SMA is $83.48. Volume gained to 0.9 million from 0.75 million in the previous session.
Northern Trust Corporation [NTRS] Valuation Measures
Notably, Northern Trust Corporation [NTRS] stock can be classified as a good candidate in the listing of underestimated low-priced Asset Management companies to purchase soonest possible with the prevailing 12-month PE ratio of 16.12. The measure means the stock is exchanging at a discount as compared to the 21.08x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 3.33 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 10.51 which means NTRS serve an attractive investment opportunity compared to its competitors.
NTRS Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 97.36 level, and in case of violation of this particular level, it will cause more drop to 95.93 level. On the upper level, 100.86 is still the key resistance. The stock may increase to the subsequent resistance at 99.42. The Relative Strength Index (RSI) pinned on the 14-day chart is 57.85, implying a neutral technical stance while the MACD stands at 1.97, meaning price will increase in the next trading period. Percent R indicator moved to 27.09%, implying bullish price movement. Stochastic %K at 66.27% suggest holding the stock.
Is Northern Trust Corporation [NASDAQ:NTRS] a Good Buy Right Now?
It should be noted that NTRS technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 80% Buy in the past month. Data from Northern Trust Corporation’s Trend Spotter indicated that the signals were Weakening. The stock current average is 0.81 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.9 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.95 million shares.
What is the short interest in Northern Trust Corporation?
Short interest in the Northern Trust Corporation stock has surged, increasing by 1.44 million shares to total 2.6 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020 stand at 4.04 million, data from Yahoo Finance shows. The decrease of -55.38% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 1.36% of the overall float for the stock.
Northern Trust Corporation’s Biggest Shareholders: Who Owns Northern Trust Corporation [NTRS]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 21,126,699 shares or roughly 10.15% of the outstanding NTRS shares. This means their shares have increased by 2,610,904 from the 21,126,699 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, BlackRock Fund Advisors updated stake is worth $913,349,282. Details in the latest 13F filings reveal that SSgA Funds Management, Inc. disposed off their -1.80% stake valued at $820,038,370 while American Century Investment Manag added theirs at $629,460,518. During the last quarter, SSgA Funds Management, Inc. liquidated -161,015 of its shares in Northern Trust Corporation while American Century Investment Manag bought 603,408 shares. The Northern Trust Investments, Inc.’s holdings currently number 6,507,427 shares at $633563092.72. According to the firm’s last 13F report, JPMorgan Investment Management, I shares in the company at filing stood at 6,101,805 shares, roughly $568,322,118.
What are analyst thoughts on Northern Trust Corporation?
Looking forward to the Northern Trust Corporation share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Northern Trust Corporation stock at $98.50 within the next 12 months, which represents almost 1.16 per cent growth from its previous closing price of $97.36. The highest analysts’ target for Northern Trust Corporation stock projections is $130.00 and the lowest one is $85.00. Still, 18 analysts sharing their consensus rating for NTRS stock in 2021 agree that it is a Hold.