State Street Corporation (NYSE:STT) has a beta value of 1.54 and has seen 2,038,664 shares traded in the last trading session. The company, currently valued at $22.22 Billion, closed the last trade at $63.13 per share which meant it gained $1 on the day or 1.61% during that session. The STT stock price is -36.05% off its 52-week high price of $85.89 and 33.31% above the 52-week low of $42.1. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.49 Million shares traded. The 3-month trading volume is 2.52 Million shares.
State Street Corporation (NYSE:STT) trade information
Sporting 1.61% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Jul 02 when the STT stock price touched $65.18- or saw a rise of 3.15%. Year-to-date, State Street Corporation shares have moved -20.19%, while the 5-day performance has seen it change -1.61%. Over the past 30 days, the shares of State Street Corporation (NYSE:STT) have changed 0.51%. Short interest in the company has seen 4.61 Million shares shorted with days to cover at 1.83.
State Street Corporation (STT) estimates and forecasts
Figures show that State Street Corporation shares have outperformed across the wider relevant industry. The company’s shares have lost -21.83% over the past 6 months, with this year growth rate of -1.94%, compared to -42.4% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 5.5% and -9.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be -2%.
13 analysts offering their estimates for the company have set an average revenue estimate of $2.84 Billion for the current quarter. 13 have an estimated revenue figure of $2.76 Billion for the next quarter concluding in September 01, 2020. Year-ago sales stood $2.87 Billion and $2.9 Billion respectively for this quarter and the next, and analysts expect sales will grow by -1.3% for the current quarter and -4.8% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +3.5% over the past 5 years. Earnings growth for 2020 is a modest -14.7% while over the next 5 years, the company’s earnings are expected to increase by -4.09%.
State Street Corporation is expected to release its next earnings report between July 17 and July 17 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.08 at a share yield of 3.35%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.25%.