Protective Life Corp. (PL) Announces Quarterly Earnings Results, Beats Expectations By $0.19 EPS
Protective Life Corp. (NYSE:PL) posted its quarterly earnings results on Thursday. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.19, AR Network reports. During the same quarter in the previous year, the company posted $0.73 earnings per share.
Several analysts have recently commented on the stock. Analysts at Barclays initiated coverage on shares of Protective Life Corp. in a research note to investors on Wednesday, October 2nd. They set an “overweight” rating and a $52.00 price target on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Protective Life Corp. in a research note to investors on Monday, September 30th. They now have a $45.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Protective Life Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 15th. They now have a $45.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $43.38.
Shares of Protective Life Corp. (NYSE:PL) opened at 46.20 on Thursday. Protective Life Corp. has a 52-week low of $24.67 and a 52-week high of $46.09. The stock’s 50-day moving average is $44.30 and its 200-day moving average is $41.32. The company has a market cap of $3.626 billion and a P/E ratio of 12.25.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 2nd. Investors of record on Thursday, November 14th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.73%.
Protective Life Corporation is a holding company. The Company, along with its subsidiaries, provides financial services through the production, distribution, and administration of insurance and investment products.
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