Lincoln National (LNC) Announces Quarterly Results
Lincoln National (NYSE:LNC) posted its quarterly earnings results on Thursday. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.30 by $0.04, Analyst Ratings Net reports. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.17 billion.
Lincoln National (NYSE:LNC) opened at 48.51 on Thursday. Lincoln National has a 52 week low of $31.01 and a 52 week high of $53.26. The stock has a 50-day moving average of $49.43 and a 200-day moving average of $49.37. The company has a market cap of $12.792 billion and a price-to-earnings ratio of 10.65.
LNC has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Lincoln National in a research note on Tuesday, April 22nd. They now have a $50.00 price target on the stock. On the ratings front, analysts at Barclays upgraded shares of Lincoln National from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, April 16th. They now have a $59.00 price target on the stock, up previously from $55.00. They noted that the move was a valuation call. Finally, analysts at Raymond James upgraded shares of Lincoln National from an “outperform” rating to a “strong-buy” rating in a research note on Monday, April 14th. They now have a $56.00 price target on the stock, up previously from $54.00. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Lincoln National presently has an average rating of “Hold” and a consensus price target of $47.16.
Lincoln National Corporation (NYSE:LNC) is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies.
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