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.
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.
TRADEMARK VIOLATION WARNING: This news story was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/13/0-41-earnings-per-share-expected-for-cno-financial-group-inc-cno-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CNO Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNO Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.