Horace Mann Educators Corporation (HMN) Expected to Announce Earnings of $0.62 Per Share
Brokerages predict that Horace Mann Educators Corporation (NYSE:HMN) will announce earnings of $0.62 per share for the current quarter, Zacks reports. Zero analysts have issued estimates for Horace Mann Educators’ earnings. Horace Mann Educators posted earnings per share of $0.52 in the same quarter last year, which would indicate a positive year-over-year growth rate of 19.2%. The company is scheduled to report its next quarterly earnings results on Monday, February 5th.
On average, analysts expect that Horace Mann Educators will report full-year earnings of $1.70 per share for the current year. For the next fiscal year, analysts forecast that the business will report earnings of $2.30 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Horace Mann Educators.
Horace Mann Educators (NYSE:HMN) last released its quarterly earnings results on Tuesday, October 24th. The insurance provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.47. The business had revenue of $289.80 million for the quarter, compared to analysts’ expectations of $293.10 million. Horace Mann Educators had a return on equity of 4.94% and a net margin of 5.56%. The company’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS.
In other Horace Mann Educators news, Director Robert Stricker sold 3,500 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $39.35, for a total transaction of $137,725.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.40% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Advisor Group Inc. grew its holdings in Horace Mann Educators by 32.0% during the 2nd quarter. Advisor Group Inc. now owns 3,023 shares of the insurance provider’s stock valued at $114,000 after buying an additional 733 shares during the last quarter. Stifel Financial Corp purchased a new position in shares of Horace Mann Educators during the 3rd quarter worth $203,000. CIBC Asset Management Inc purchased a new position in shares of Horace Mann Educators during the 3rd quarter worth $214,000. Amalgamated Bank lifted its stake in shares of Horace Mann Educators by 1.4% during the 2nd quarter. Amalgamated Bank now owns 5,563 shares of the insurance provider’s stock worth $210,000 after purchasing an additional 78 shares during the period. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Horace Mann Educators during the 2nd quarter worth $331,000. Hedge funds and other institutional investors own 98.26% of the company’s stock.
Horace Mann Educators (HMN) traded down $0.65 on Tuesday, hitting $44.35. The company had a trading volume of 128,400 shares, compared to its average volume of 158,791. The firm has a market cap of $1,830.02, a PE ratio of 28.13 and a beta of 1.17. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.18. Horace Mann Educators has a 1-year low of $33.85 and a 1-year high of $47.65.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 18th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Friday, December 15th. Horace Mann Educators’s dividend payout ratio (DPR) is presently 71.43%.
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Horace Mann Educators Company Profile
Horace Mann Educators Corporation (HMEC) is an insurance holding company. Through its subsidiaries, HMEC markets and underwrites personal lines of property and casualty (primarily personal lines automobile and homeowners) insurance, retirement annuities (primarily tax-qualified products) and life insurance in the United States.
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