Loews Corporation (L) Set to Announce Quarterly Earnings on Monday
Loews Corporation (NYSE:L) is scheduled to issue its quarterly earnings data before the market opens on Monday, July 31st. Analysts expect the company to announce earnings of $0.76 per share for the quarter.
Loews Corporation (NYSE:L) last issued its earnings results on Monday, May 1st. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.21. Loews Corporation had a net margin of 6.23% and a return on equity of 4.67%. The business had revenue of $3.30 billion for the quarter. During the same period in the previous year, the firm earned $0.30 EPS. On average, analysts expect Loews Corporation to post $3.07 EPS for the current fiscal year and $3.19 EPS for the next fiscal year.
Shares of Loews Corporation (NYSE:L) traded down 0.15% during midday trading on Thursday, reaching $48.05. 190,781 shares of the company’s stock were exchanged. The stock has a market cap of $16.18 billion, a price-to-earnings ratio of 19.22 and a beta of 0.70. Loews Corporation has a one year low of $39.71 and a one year high of $48.39. The firm has a 50 day moving average of $47.28 and a 200-day moving average of $46.87.
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A number of brokerages have issued reports on L. Jefferies Group LLC reiterated a “sell” rating and issued a $35.00 price target on shares of Loews Corporation in a report on Tuesday, June 6th. BidaskClub upgraded shares of Loews Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Zacks Investment Research downgraded shares of Loews Corporation from a “buy” rating to a “hold” rating in a report on Monday, June 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $43.33.
Loews Corporation Company Profile
Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids, and operation of a chain of hotels. The Company has five segments consisted of its four individual operating subsidiaries, CNA Financial Corporation (CNA), Diamond Offshore Drilling, Inc (Diamond Offshore), Boardwalk Pipeline Partners, LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels), and the Corporate segment.
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