Lincoln National Corp. (LNC) Scheduled to Post Quarterly Earnings on Wednesday
Lincoln National Corp. (NYSE:LNC) is set to issue its Q313 quarterly earnings data on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.20 per share and revenue of $3.01 billion for the quarter.
Lincoln National Corp. (NYSE:LNC) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.14 by $0.01. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, analysts expect Lincoln National Corp. to post $4.77 EPS for the current fiscal year and $5.26 EPS for the next fiscal year.
Lincoln National Corp. (NYSE:LNC) opened at 44.32 on Tuesday. Lincoln National Corp. has a one year low of $22.51 and a one year high of $45.17. The stock has a 50-day moving average of $43.27 and a 200-day moving average of $36.76. The company has a market cap of $11.722 billion and a price-to-earnings ratio of 9.49.
A number of research firms have recently commented on LNC. Analysts at Zacks reiterated a “buy” rating on shares of Lincoln National Corp. in a research note to investors on Monday, October 21st. They now have a $53.00 price target on the stock. On the ratings front, analysts at Keefe, Bruyette & Woods raised their price target on shares of Lincoln National Corp. from $47.00 to $50.00 in a research note to investors on Monday, October 21st. They now have a “market perform” rating on the stock. Finally, analysts at Raymond James downgraded shares of Lincoln National Corp. from a “strong-buy” rating to an “outperform” rating in a research note to investors on Wednesday, October 16th. They now have a $50.50 price target on the stock, down previously from $52.00. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $41.50.
Lincoln National Corporation (NYSE:LNC) is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies.
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