FY2017 Earnings Estimate for Lincoln National Corporation (LNC) Issued By Langen Mcalenn
Lincoln National Corporation (NYSE:LNC) – Research analysts at Langen Mcalenn boosted their FY2017 earnings per share estimates for shares of Lincoln National Corporation in a report released on Friday. Langen Mcalenn analyst R. Glasspiegel now expects that the financial services provider will earn $7.75 per share for the year, up from their previous forecast of $7.65. Langen Mcalenn also issued estimates for Lincoln National Corporation’s Q4 2017 earnings at $1.98 EPS, Q1 2018 earnings at $1.86 EPS, Q2 2018 earnings at $1.97 EPS, Q3 2018 earnings at $2.08 EPS, Q4 2018 earnings at $2.16 EPS and FY2018 earnings at $7.95 EPS.
Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Lincoln National Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Citigroup Inc. reissued a “buy” rating and issued a $83.00 target price (up from $82.00) on shares of Lincoln National Corporation in a research report on Thursday, September 14th. Morgan Stanley lifted their price target on shares of 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. Finally, BidaskClub cut shares of Lincoln National Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $76.70.
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Shares of Lincoln National Corporation (NYSE LNC) opened at $75.64 on Monday. The firm has a market capitalization of $16,552.26, a P/E ratio of 9.99, a PEG ratio of 1.16 and a beta of 2.03. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.30.
Lincoln National Corporation (NYSE:LNC) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.19. The business had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.62 billion. Lincoln National Corporation had a net margin of 10.50% and a return on equity of 11.16%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.89 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, January 9th. This is a positive change from Lincoln National Corporation’s previous quarterly dividend of $0.29. Lincoln National Corporation’s payout ratio is 18.15%.
Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in shares of Lincoln National Corporation by 32.0% in the second quarter. JPMorgan Chase & Co. now owns 3,537,245 shares of the financial services provider’s stock worth $239,047,000 after buying an additional 857,436 shares during the last quarter. Todd Asset Management LLC increased its stake in Lincoln National Corporation by 57.5% during the second quarter. Todd Asset Management LLC now owns 705,233 shares of the financial services provider’s stock valued at $47,659,000 after purchasing an additional 257,581 shares during the last quarter. Prudential Financial Inc. increased its stake in Lincoln National Corporation by 42.2% during the second quarter. Prudential Financial Inc. now owns 961,078 shares of the financial services provider’s stock valued at $64,950,000 after purchasing an additional 285,168 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in Lincoln National Corporation by 84.2% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 544,208 shares of the financial services provider’s stock valued at $36,777,000 after purchasing an additional 248,800 shares during the last quarter. Finally, Homrich & Berg bought a new stake in Lincoln National Corporation during the second quarter valued at $204,000. Institutional investors and hedge funds own 80.28% of the company’s stock.
Lincoln National Corporation Company Profile
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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