Torchmark (TMK) to Release Earnings on Tuesday

Torchmark (NYSE:TMK) is set to release its earnings data after the market closes on Tuesday, January 30th. Analysts expect Torchmark to post earnings of $1.22 per share for the quarter.

Torchmark (NYSE:TMK) last announced its quarterly earnings data on Tuesday, October 24th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.03. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Torchmark had a return on equity of 11.60% and a net margin of 13.80%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.15 EPS. On average, analysts expect Torchmark to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of Torchmark (TMK) opened at $92.78 on Tuesday. The stock has a market capitalization of $10,640.00, a PE ratio of 20.00, a P/E/G ratio of 2.21 and a beta of 1.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.06 and a quick ratio of 0.06. Torchmark has a one year low of $72.59 and a one year high of $93.34.

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

Several brokerages recently issued reports on TMK. Zacks Investment Research raised Torchmark from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a research note on Thursday, January 11th. Goldman Sachs Group assumed coverage on Torchmark in a research note on Wednesday, October 18th. They set a “neutral” rating and a $83.00 price target for the company. SunTrust Banks raised their price target on Torchmark from $75.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $83.00 price target on shares of Torchmark in a research note on Friday, November 10th. Finally, ValuEngine raised Torchmark from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $81.67.

In other news, EVP W Michael Pressley sold 52,500 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $83.93, for a total transaction of $4,406,325.00. Following the transaction, the executive vice president now owns 105,948 shares of the company’s stock, valued at approximately $8,892,215.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Gary L. Coleman sold 37,500 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $83.28, for a total value of $3,123,000.00. Following the transaction, the chairman now directly owns 666,875 shares in the company, valued at approximately $55,537,350. The disclosure for this sale can be found here. Insiders have sold a total of 234,335 shares of company stock valued at $20,167,546 over the last ninety days. Company insiders own 3.79% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/23/torchmark-tmk-to-release-earnings-on-tuesday.html.

About Torchmark

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.

Earnings History for Torchmark (NYSE:TMK)

Receive News & Ratings for Torchmark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Torchmark and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply