Northern Trust Corp (NASDAQ: NTRS) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.52 versus $0.71 for the same period a year ago — a decline of -27%. This result fell short of the consensus estimate of $1.18 by $-0.67. For the latest four quarters through December 31, E.P.S. were $5.09 versus $6.16 for the same period a year ago — a decline of -17%.
Recent Price Action
On 1/18/24, Northern Trust Corp (NASDAQ: NTRS) stock declined by -2.4%, closing at $80.91. Moreover, trading volume in this decline was exceptionally high at 204% of normal. Relative to the market the stock has been strong over the last nine months but has declined -4.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed 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 consistent signals from two proprietary PTR measures of a stock’s attractiveness. Northern Trust has a slightly positive Power Rating of 67 and a good Appreciation Score of 77, and the Positive Value Trend Rating results.
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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