Torchmark Corporation (TMK) Set to Announce Earnings on Tuesday
Torchmark Corporation (NYSE:TMK) is scheduled to be announcing its earnings results after the market closes on Tuesday, July 25th. Analysts expect the company to announce earnings of $1.17 per share for the quarter. Torchmark Corporation has set its FY17 guidance at $4.63-4.77 EPS.
Torchmark Corporation (NYSE:TMK) last announced its quarterly earnings data on Wednesday, April 19th. The insurance provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.01. Torchmark Corporation had a return on equity of 11.56% and a net margin of 14.04%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts expect Torchmark Corporation to post $4.70 EPS for the current fiscal year and $5.04 EPS for the next fiscal year.
Shares of Torchmark Corporation (NYSE:TMK) opened at 78.37 on Tuesday. The firm has a market capitalization of $9.17 billion, a PE ratio of 17.03 and a beta of 0.98. Torchmark Corporation has a 52 week low of $60.49 and a 52 week high of $79.53. The company’s 50 day moving average price is $75.83 and its 200-day moving average price is $75.78.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Wednesday, July 5th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.77%. The ex-dividend date is Friday, June 30th. Torchmark Corporation’s dividend payout ratio is currently 13.02%.
In other Torchmark Corporation news, insider Domenico Bertini sold 4,500 shares of the stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $77.28, for a total transaction of $347,760.00. Following the completion of the sale, the insider now directly owns 4,500 shares in the company, valued at approximately $347,760. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Ben Lutek sold 26,250 shares of the stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $77.03, for a total value of $2,022,037.50. Following the sale, the vice president now owns 30,550 shares of the company’s stock, valued at $2,353,266.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,750 shares of company stock valued at $5,555,033. Company insiders own 3.79% of the company’s stock.
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TMK has been the subject of several analyst reports. Zacks Investment Research raised Torchmark Corporation from a “sell” rating to a “hold” rating in a research report on Friday, April 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $75.00 target price on shares of Torchmark Corporation in a research report on Friday, April 21st. Finally, ValuEngine lowered Torchmark Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Six research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Torchmark Corporation presently has an average rating of “Hold” and a consensus price target of $69.86.
Torchmark Corporation Company Profile
Torchmark Corporation (Torchmark) is an insurance holding company. The Company, through its subsidiaries, provides a range of life and health insurance products and annuities to a base of customers. The Company’s segments include life insurance, health insurance, annuities and investment. The life insurance segment includes traditional and interest-sensitive whole life insurance as well as term life insurance.
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