Analysts Anticipate Torchmark Corporation (TMK) Will Post Quarterly Sales of $1.04 Billion

Wall Street brokerages expect that Torchmark Corporation (NYSE:TMK) will post $1.04 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Torchmark’s earnings. Torchmark posted sales of $993.00 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.7%. The firm is expected to issue its next earnings results after the market closes on Wednesday, February 7th.

According to Zacks, analysts expect that Torchmark will report full year sales of $1.04 billion for the current year, with estimates ranging from $4.13 billion to $4.14 billion. For the next fiscal year, analysts forecast that the business will post sales of $4.31 billion per share, with estimates ranging from $4.29 billion to $4.33 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Torchmark.

Torchmark (NYSE:TMK) last announced its earnings results on Tuesday, October 24th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.03. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Torchmark had a net margin of 13.80% and a return on equity of 11.60%. Torchmark’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.15 EPS.

A number of brokerages have weighed in on TMK. Zacks Investment Research raised shares of Torchmark from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a report on Thursday, January 11th. SunTrust Banks upped their price target on shares of Torchmark from $75.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 26th. ValuEngine raised shares of Torchmark from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Goldman Sachs Group began coverage on shares of Torchmark in a report on Wednesday, October 18th. They issued a “neutral” rating and a $83.00 price target for the company. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $78.00 price target on shares of Torchmark in a report on Sunday, October 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Torchmark has a consensus rating of “Hold” and a consensus price target of $81.67.

Shares of Torchmark (NYSE:TMK) traded up $0.63 on Tuesday, reaching $92.78. 466,600 shares of the company were exchanged, compared to its average volume of 552,436. Torchmark has a 12-month low of $72.59 and a 12-month high of $93.34. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.22. The company has a market cap of $10,670.00, a price-to-earnings ratio of 20.00, a PEG ratio of 2.21 and a beta of 1.02.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Friday, January 5th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, January 4th. Torchmark’s payout ratio is 12.93%.

In other Torchmark news, Chairman Gary L. Coleman sold 37,500 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $83.28, for a total transaction of $3,123,000.00. Following the completion of the sale, the chairman now directly owns 666,875 shares of the company’s stock, valued at $55,537,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Michael Clay Majors sold 7,500 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $84.71, for a total transaction of $635,325.00. Following the sale, the vice president now directly owns 10,760 shares of the company’s stock, valued at $911,479.60. The disclosure for this sale can be found here. Insiders sold a total of 234,335 shares of company stock valued at $20,167,546 over the last three months. 3.79% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Sentry Investment Management LLC lifted its stake in Torchmark by 2.0% during the second quarter. Sentry Investment Management LLC now owns 4,750 shares of the insurance provider’s stock valued at $363,000 after buying an additional 91 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in Torchmark by 3.0% during the second quarter. Thrivent Financial For Lutherans now owns 4,140 shares of the insurance provider’s stock valued at $317,000 after buying an additional 120 shares in the last quarter. Flinton Capital Management LLC lifted its stake in Torchmark by 1.4% during the second quarter. Flinton Capital Management LLC now owns 16,528 shares of the insurance provider’s stock valued at $1,264,000 after buying an additional 224 shares in the last quarter. HighTower Advisors LLC lifted its stake in Torchmark by 0.6% during the second quarter. HighTower Advisors LLC now owns 49,806 shares of the insurance provider’s stock valued at $3,805,000 after buying an additional 315 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in Torchmark by 4.6% during the second quarter. Mutual of America Capital Management LLC now owns 13,187 shares of the insurance provider’s stock valued at $1,009,000 after buying an additional 576 shares in the last quarter. 72.59% of the stock is owned by institutional investors.

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Torchmark Company Profile

Torchmark Corporation (Torchmark) is an insurance holding company. The Company, through its subsidiaries, provides a range of life and health insurance products and annuities to a base of customers. The Company’s segments include life insurance, health insurance, annuities and investment. The life insurance segment includes traditional and interest-sensitive whole life insurance as well as term life insurance.

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