Lincoln National Corporation (LNC) to Release Quarterly Earnings on Wednesday
Lincoln National Corporation (NYSE:LNC) will announce its earnings results after the market closes on Wednesday, August 2nd. Analysts expect the company to announce earnings of $1.73 per share for the quarter.
Lincoln National Corporation (NYSE:LNC) last released its quarterly earnings data on Wednesday, May 3rd. The financial services provider reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.30. Lincoln National Corporation had a net margin of 10.43% and a return on equity of 10.70%. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter last year, the company earned $1.25 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts expect Lincoln National Corporation to post $7.31 EPS for the current fiscal year and $7.59 EPS for the next fiscal year.
Lincoln National Corporation (LNC) traded up 1.69% during mid-day trading on Thursday, reaching $72.72. 729,839 shares of the company’s stock were exchanged. Lincoln National Corporation has a 52 week low of $42.24 and a 52 week high of $73.31. The company’s 50 day moving average price is $68.79 and its 200-day moving average price is $67.66. The company has a market capitalization of $16.31 billion, a P/E ratio of 11.93 and a beta of 1.98.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Thursday, July 6th. Lincoln National Corporation’s dividend payout ratio (DPR) is currently 19.14%.
LNC has been the subject of several research analyst reports. Bank of America Corporation set a $78.00 target price on Lincoln National Corporation in a research note on Tuesday, July 4th. Zacks Investment Research upgraded Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Monday, June 5th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Lincoln National Corporation in a research note on Monday, June 26th. BidaskClub upgraded Lincoln National Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Wells Fargo & Company restated a “hold” rating on shares of Lincoln National Corporation in a research note on Thursday, June 8th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Lincoln National Corporation has a consensus rating of “Buy” and an average price target of $72.60.
In other Lincoln National Corporation news, Director Michael F. Mee sold 30,173 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $68.32, for a total value of $2,061,419.36. Following the sale, the director now directly owns 6,336 shares of the company’s stock, valued at $432,875.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Isaiah Tidwell sold 13,946 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $65.04, for a total value of $907,047.84. The disclosure for this sale can be found here. Insiders sold 57,693 shares of company stock worth $3,899,915 over the last ninety days. 1.41% of the stock is owned by corporate insiders.
About Lincoln National Corporation
Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.
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