Torchmark (TMK) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS
Torchmark (NYSE:TMK) released its earnings data on Wednesday. The company reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by $0.01, AnalystRatingsNetwork reports.
TMK has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Torchmark in a research note on Monday, July 28th. They now have a $56.00 price target on the stock. On the ratings front, analysts at Credit Suisse reiterated a “neutral” rating on shares of Torchmark in a research note on Thursday, July 24th. They now have a $51.00 price target on the stock, down previously from $51.33. Finally, 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. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $56.75.
Shares of Torchmark (NYSE:TMK) opened at 53.80 on Wednesday. Torchmark has a 52-week low of $45.7933 and a 52-week high of $56.49. The stock’s 50-day moving average is $54.14 and its 200-day moving average is $53.03. The company has a market cap of $7.026 billion and a P/E ratio of 13.60.
In other Torchmark news, CEO Larry M. Hutchison sold 37,500 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $53.83, for a total transaction of $2,018,625.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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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