Zacks Upgrades Kemper Corp. to “Neutral” (KMPR)
Kemper Corp. (NASDAQ:KMPR) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday. The firm currently has a $36.90 price target on the stock. Zacks‘s price target points to a potential upside of 2.56% from the company’s current price.
Separately, analysts at Sandler O’Neill reiterated a “buy” rating on shares of Kemper Corp. in a research note on Monday, June 2nd. They now have a $41.00 price target on the stock, down previously from $42.00.
Shares of Kemper Corp. (NASDAQ:KMPR) traded up 0.22% during mid-day trading on Tuesday, hitting $36.06. The stock had a trading volume of 42,774 shares. Kemper Corp. has a 1-year low of $31.82 and a 1-year high of $41.31. The stock has a 50-day moving average of $35.91 and a 200-day moving average of $37.11. The company has a market cap of $1.899 billion and a P/E ratio of 11.90.
Kemper Corp. (NASDAQ:KMPR) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.17 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.34 by $0.17. The company had revenue of $542.50 million for the quarter, compared to the consensus estimate of $552.30 million. During the same quarter last year, the company posted $0.55 earnings per share. Kemper Corp.’s revenue was down 7.9% compared to the same quarter last year. On average, analysts predict that Kemper Corp. will post $1.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Thursday, August 14th.
To view Zacks’ full report, visit Zacks’ official website.
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