Carolina Financial Corp (CARO) Analysts See $0.53 EPS

September 17, 2017 - By Henry Gaston

 Carolina Financial Corp (CARO) Analysts See $0.53 EPS

Wall Street await Carolina Financial Corp (NASDAQ:CARO) to release earnings on October, 18. Analysts forecast EPS of $0.53, up exactly $0.06 or 12.77 % from 2014’s $0.47 EPS. The expected CARO’s profit could reach $8.50M giving the stock 16.04 P/E in the case that $0.53 earnings per share is reported. After posting $0.56 EPS for the previous quarter, Carolina Financial Corp’s analysts now forecast -5.36 % negative EPS growth. The stock increased 0.95% or $0.32 on September 15, reaching $34.01. About 160,183 shares traded or 155.26% up from the average. Carolina Financial Corp (NASDAQ:CARO) has risen 61.84% since September 17, 2016 and is uptrending. It has outperformed by 45.14% the S&P500.

Carolina Financial Corp (NASDAQ:CARO) Ratings Coverage

Among 7 analysts covering Carolina Financial Corporation (NASDAQ:CARO), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Carolina Financial Corporation had 14 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by Raymond James with “Strong Buy” on Friday, December 18. As per Thursday, April 7, the company rating was downgraded by Raymond James. The rating was upgraded by Brean Capital to “Buy” on Tuesday, June 13. Stephens maintained Carolina Financial Corp (NASDAQ:CARO) on Monday, June 12 with “Hold” rating. The company was upgraded on Wednesday, November 9 by Sandler O’Neill. The stock of Carolina Financial Corp (NASDAQ:CARO) has “Buy” rating given on Wednesday, August 2 by Brean Capital. The rating was initiated by Stephens with “Equal-Weight” on Friday, September 9. As per Tuesday, June 13, the company rating was upgraded by Raymond James. Brean Capital initiated Carolina Financial Corp (NASDAQ:CARO) on Wednesday, November 30 with “Hold” rating. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Friday, July 7.

Carolina Financial Corporation is a bank holding company. The company has market cap of $545.68 million. The Firm operates through CresCom Bank , a state-chartered commercial bank. It has a 18.89 P/E ratio. The Firm operates through three divisions: community banking, wholesale mortgage banking (mortgage banking) and other.

More notable recent Carolina Financial Corp (NASDAQ:CARO) news were published by: Bizjournals.com which released: “CEOs of Carolina Financial Corporation, First South tout acquisition deal” on July 25, 2017, also Bizjournals.com with their article: “CEO: Carolina Financial Corporation buyout of First South driven by Triangle …” published on June 14, 2017, Zacks.com published: “4 Reasons Why Carolina Financial is a Solid Pick Right Now” on September 07, 2017. More interesting news about Carolina Financial Corp (NASDAQ:CARO) were released by: Nasdaq.com and their article: “Carolina Financial Corporation (CARO) Ex-Dividend Date Scheduled for September …” published on September 12, 2017 as well as Bizjournals.com‘s news article titled: “Filing: First South had four suitors other than Carolina Financial Corporation” with publication date: September 11, 2017.

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