Torchmark Co. (TMK) Updates FY14 Earnings Guidance
Torchmark Co. (NYSE:TMK) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share guidance of $4.05-4.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.07, Analyst Ratings.Net reports.
A number of research firms have recently commented on TMK. Analysts at Sterne Agee reiterated a neutral rating on shares of Torchmark in a research note on Thursday, July 17th. They now have a $54.00 price target on the stock, down previously from $81.00. On a related note, analysts at Deutsche Bank reiterated a buy rating on shares of Torchmark in a research note on Monday, July 14th. They now have a $63.00 price target on the stock, up previously from $60.00. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Torchmark from $56.00 to $59.00 in a research note on Wednesday, July 9th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $57.39.
Shares of Torchmark Co. (NYSE:TMK) traded down 0.60% during mid-day trading on Wednesday, hitting $54.54. 448,749 shares of the company’s stock traded hands. Torchmark Co. has a 52 week low of $45.7933 and a 52 week high of $56.49. The stock’s 50-day moving average is $54.84 and its 200-day moving average is $52.73. The company has a market cap of $7.184 billion and a P/E ratio of 13.97.
Torchmark (NYSE:TMK) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by $0.05. During the same quarter in the previous year, the company posted $0.96 earnings per share. On average, analysts predict that Torchmark Co. will post $4.15 earnings per share for the current fiscal year.
Torchmark Corporation is an insurance holding company. The Company is financial services holding company whose affiliate Companies market life insurance and supplemental health insurance to middle-income Americans.
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