Zacks: Brokerages Expect CNO Financial Group Inc (CNO) Will Announce Earnings of $0.41 Per Share
Analysts expect CNO Financial Group Inc (NYSE:CNO) to announce earnings per share (EPS) of $0.41 for the current quarter, Zacks reports. Zero analysts have issued estimates for CNO Financial Group’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.42. CNO Financial Group reported earnings of $0.35 per share during the same quarter last year, which suggests a positive year over year growth rate of 17.1%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 6th.
On average, analysts expect that CNO Financial Group will report full-year earnings of $1.65 per share for the current financial year, with EPS estimates ranging from $1.65 to $1.66. For the next fiscal year, analysts anticipate that the business will post earnings of $1.80 per share, with EPS estimates ranging from $1.60 to $2.00. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for CNO Financial Group.
CNO Financial Group (NYSE:CNO) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.06. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1 billion. CNO Financial Group had a net margin of 11.41% and a return on equity of 5.88%. CNO Financial Group’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 EPS.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Thrivent Financial For Lutherans increased its position in shares of CNO Financial Group by 3,275.6% in the second quarter. Thrivent Financial For Lutherans now owns 1,092,360 shares of the financial services provider’s stock worth $22,809,000 after purchasing an additional 1,060,000 shares during the last quarter. AJO LP increased its position in shares of CNO Financial Group by 407.7% in the second quarter. AJO LP now owns 1,076,120 shares of the financial services provider’s stock worth $22,469,000 after purchasing an additional 864,162 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of CNO Financial Group by 12.2% in the second quarter. Ameriprise Financial Inc. now owns 3,719,068 shares of the financial services provider’s stock worth $77,649,000 after purchasing an additional 404,552 shares during the last quarter. ClariVest Asset Management LLC bought a new position in shares of CNO Financial Group in the third quarter worth approximately $8,198,000. Finally, Nordea Investment Management AB bought a new position in shares of CNO Financial Group in the third quarter worth approximately $6,409,000. Hedge funds and other institutional investors own 95.13% of the company’s stock.
CNO Financial Group (NYSE CNO) traded up $0.20 during trading hours on Wednesday, hitting $25.33. 992,500 shares of the stock traded hands, compared to its average volume of 694,800. The company has a market cap of $4,280.00, a price-to-earnings ratio of 9.14, a P/E/G ratio of 1.54 and a beta of 1.20. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.52. CNO Financial Group has a 12 month low of $18.53 and a 12 month high of $25.83.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Monday, December 11th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Friday, December 8th. CNO Financial Group’s dividend payout ratio is presently 13.00%.
About CNO Financial Group
CNO Financial Group, Inc is a holding company for a group of insurance companies operating throughout the United States that develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. The Company’s segments include Bankers Life, Washington National and Colonial Penn.
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