Lincoln National Corporation (LNC) to Release Quarterly Earnings on Wednesday
Lincoln National Corporation (NYSE:LNC) will issue its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $1.83 per share for the quarter.
Lincoln National Corporation (NYSE:LNC) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.12. Lincoln National Corporation had a return on equity of 10.99% and a net margin of 10.85%. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.56 billion. During the same quarter in the prior year, the firm earned $1.56 earnings per share. Lincoln National Corporation’s revenue was up 8.2% compared to the same quarter last year. On average, analysts expect Lincoln National Corporation to post $7.48 EPS for the current fiscal year and $7.72 EPS for the next fiscal year.
Lincoln National Corporation (LNC) opened at 77.21 on Wednesday. The company has a 50-day moving average price of $72.51 and a 200 day moving average price of $69.27. The company has a market cap of $17.10 billion, a PE ratio of 11.76 and a beta of 1.99. Lincoln National Corporation has a 52 week low of $47.71 and a 52 week high of $77.29.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Friday, October 6th. Lincoln National Corporation’s payout ratio is 17.79%.
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A number of brokerages have issued reports on LNC. Goldman Sachs Group, Inc. (The) began coverage on Lincoln National Corporation in a research report on Wednesday, October 18th. They issued a “sell” rating and a $71.00 target price on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $83.00 target price on shares of Lincoln National Corporation in a research report on Tuesday, October 10th. Morgan Stanley boosted their target price on Lincoln National Corporation from $76.00 to $77.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. Zacks Investment Research upgraded shares of Lincoln National Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Tuesday, August 8th. Finally, BidaskClub upgraded shares of Lincoln National Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $76.50.
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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