Fulton Financial Corp (NASDAQ: FULT) has reported earnings for its third fiscal quarter (ending September 30) of $0.33 versus $0.42 for the same period a year ago — a decline of -21%. This result fell short of the consensus estimate of $0.44 by $-0.11. For the latest four quarters through September 30, E.P.S. were $1.61 compared to $1.75 a year ago — a decline of -8%.
Recent Price Action
On 10/15/24, Fulton Financial Corp (NASDAQ: FULT) stock rose modestly by 0.7%, closing at $18.26. Moreover, trading volume in this advance was unusually high at 170% of normal. Relative to the market the stock has been strong over the last nine months and has risen 5.7% during the last week.
Current PriceTarget Research Rating
FULT’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Fulton Financial has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Fulton Financial has a good Power Rating of 72 and a good Appreciation Score of 78, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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