With 1.95 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.58 million shares. The 52-week range on ASB shows that it touched its highest point at $28.18 and its lowest point at $19.76 during that stretch. It currently has a 1-year price target of $28.11. With its current market cap of 4.17 billion, ASB has annualized dividend of $0.89 while the current yield stands at 3.55%. Beta for the stock currently stands at 0.89.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ASB was up-trending over the past week, with a rise of 1.54%, but this was down by -2.07% over a month. Three-month performance dropped to -5.64% while six-month performance rose 15.30%. The stock gained 20.44% in the past year, while it has gained 5.02% so far this year. A look at the trailing 12-month EPS for ASB yields 0.77 with Next year EPS estimates of 2.72. For the next quarter, that number is 0.56. This implies an EPS growth rate of 2.71% for this year and 11.12% for next year.
Float and Shares Shorts:
At present, 166.18 million ASB shares are outstanding with a float of 164.47 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ASB since 5 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.23595 being high and $2.09431 being low. For ASB, this leads to a yearly average estimate of $2.17525. Based on analyst estimates, the high estimate for the next quarter is $0.62 and the low estimate is $0.57. The average estimate for the next quarter is thus $0.59.
