Loews Corporation (L) to Release Quarterly Earnings on Monday
Loews Corporation (NYSE:L) will be announcing its earnings results before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of $0.97 per share for the quarter.
Loews Corporation (NYSE:L) last issued its earnings results on Monday, July 31st. The insurance provider reported $0.76 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.76. Loews Corporation had a net margin of 8.44% and a return on equity of 4.84%. The firm had revenue of $3.36 billion for the quarter. During the same period in the prior year, the business earned $0.59 EPS. On average, analysts expect Loews Corporation to post $3.05 EPS for the current fiscal year and $3.10 EPS for the next fiscal year.
Shares of Loews Corporation (NYSE:L) traded down 0.1400% during midday trading on Monday, hitting $48.9314. 26,058 shares of the company’s stock traded hands. Loews Corporation has a 1-year low of $40.73 and a 1-year high of $49.58. The firm has a market capitalization of $16.47 billion, a price-to-earnings ratio of 14.4596 and a beta of 0.71. The company has a 50 day moving average price of $47.83 and a 200 day moving average price of $47.38.
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Several research firms have commented on L. Zacks Investment Research upgraded Loews Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub cut Loews Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $39.00.
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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