Northern Trust Corp (NASDAQ: NTRS) has reported E.P.S. of $4.35 for its second fiscal quarter (ending June 30) versus $1.56 for the same period a year ago — an increase of 179%. Relative to the consensus estimate of $1.76, this was a premium of $2.59. For the latest four quarters through June 30, E.P.S. were $7.31 versus $5.58 for the same period a year ago — an increase of 31%.
Recent Price Action
On 7/17/24, Northern Trust Corp (NASDAQ: NTRS) stock suffered a large decline of -5.1%, closing at $86.16. Moreover, exceptionally high trading volume at 398% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months and has risen 2.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NTRS is expected to continue to be an important Value Builder.
Northern Trust has a current Value Trend Rating of B (Positive). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Northern Trust has a slightly positive Power Rating of 68 and a slightly positive Appreciation Score of 68, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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