$0.41 Earnings Per Share Expected for CNO Financial Group Inc (CNO) This Quarter

Wall Street brokerages expect CNO Financial Group Inc (NYSE:CNO) to announce $0.41 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for CNO Financial Group’s earnings, with estimates ranging from $0.41 to $0.42. CNO Financial Group posted earnings per share of $0.35 during the same quarter last year, which indicates a positive year-over-year growth rate of 17.1%. The company is expected to report its next quarterly earnings results after the market closes on Tuesday, February 13th.

According to Zacks, 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 financial year, analysts expect that the business will report earnings of $1.96 per share, with EPS estimates ranging from $1.91 to $2.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow CNO Financial Group.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of CNO Financial Group from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Wednesday, January 10th. Goldman Sachs Group assumed coverage on shares of CNO Financial Group in a report on Wednesday, October 18th. They issued a “neutral” rating and a $24.00 price target for the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $24.00 price target on shares of CNO Financial Group in a report on Thursday, December 21st. B. Riley reissued a “buy” rating on shares of CNO Financial Group in a report on Monday, November 6th. Finally, Wells Fargo & Co set a $22.00 price target on shares of CNO Financial Group and gave the company a “hold” rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $23.67.

Hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. lifted its stake in CNO Financial Group by 114.1% during the fourth quarter. Meeder Asset Management Inc. now owns 6,084 shares of the financial services provider’s stock valued at $150,000 after buying an additional 3,243 shares in the last quarter. Connable Office Inc. purchased a new stake in CNO Financial Group during the fourth quarter valued at about $205,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CNO Financial Group by 50.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,461 shares of the financial services provider’s stock valued at $258,000 after buying an additional 3,485 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in CNO Financial Group during the third quarter valued at about $292,000. Finally, Eqis Capital Management Inc. purchased a new stake in CNO Financial Group during the fourth quarter valued at about $294,000. 96.05% of the stock is owned by institutional investors.

Shares of CNO Financial Group (CNO) traded down $0.21 during midday trading on Tuesday, reaching $22.61. 554,914 shares of the company’s stock were exchanged, compared to its average volume of 1,109,164. CNO Financial Group has a 52 week low of $19.37 and a 52 week high of $26.47. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.52. The firm has a market cap of $3,742.78, a P/E ratio of 8.17, a price-to-earnings-growth ratio of 1.14 and a beta of 1.10.

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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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Earnings History and Estimates for CNO Financial Group (NYSE:CNO)

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