Zacks: Brokerages Expect State Auto Financial Co. (STFC) Will Announce Earnings of $0.31 Per Share

Analysts expect State Auto Financial Co. (NASDAQ:STFC) to report earnings per share of $0.31 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for State Auto Financial’s earnings. State Auto Financial reported earnings of ($0.22) per share in the same quarter last year, which would indicate a positive year over year growth rate of 240.9%. The business is expected to announce its next earnings results before the market opens on Tuesday, May 8th.

According to Zacks, analysts expect that State Auto Financial will report full year earnings of $1.45 per share for the current financial year. For the next financial year, analysts forecast that the firm will report earnings of $1.90 per share. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for State Auto Financial.

State Auto Financial (NASDAQ:STFC) last posted its earnings results on Tuesday, February 20th. The insurance provider reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.07). State Auto Financial had a negative return on equity of 1.85% and a negative net margin of 0.75%. The company had revenue of $362.90 million during the quarter, compared to analysts’ expectations of $289.70 million. During the same period in the prior year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis.

A number of research analysts recently issued reports on the stock. BidaskClub raised shares of State Auto Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, March 14th. Zacks Investment Research cut shares of State Auto Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $29.50.

Shares of NASDAQ:STFC traded up $0.37 on Thursday, hitting $29.10. The company had a trading volume of 29,022 shares, compared to its average volume of 43,226. State Auto Financial has a 1 year low of $22.11 and a 1 year high of $30.85. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.14. The stock has a market cap of $1,230.29, a price-to-earnings ratio of -72.10 and a beta of 0.84.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Tuesday, March 13th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.37%. State Auto Financial’s dividend payout ratio (DPR) is currently -100.00%.

In other State Auto Financial news, insider Kim Burton Garland purchased 9,000 shares of the stock in a transaction that occurred on Tuesday, March 6th. The stock was bought at an average cost of $28.47 per share, with a total value of $256,230.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Melissa A. Centers sold 1,067 shares of State Auto Financial stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $27.62, for a total transaction of $29,470.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,691 shares of company stock valued at $352,777. 1.54% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. MetLife Investment Advisors LLC purchased a new position in State Auto Financial during the 4th quarter valued at about $231,000. Deutsche Bank AG lifted its position in State Auto Financial by 136.4% during the 4th quarter. Deutsche Bank AG now owns 36,607 shares of the insurance provider’s stock valued at $1,063,000 after acquiring an additional 21,125 shares during the period. Renaissance Technologies LLC increased its stake in State Auto Financial by 5.8% during the 4th quarter. Renaissance Technologies LLC now owns 239,700 shares of the insurance provider’s stock valued at $6,980,000 after purchasing an additional 13,100 shares in the last quarter. Alliancebernstein L.P. increased its stake in State Auto Financial by 2.4% during the 4th quarter. Alliancebernstein L.P. now owns 559,443 shares of the insurance provider’s stock valued at $16,291,000 after purchasing an additional 13,160 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in State Auto Financial by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 155,801 shares of the insurance provider’s stock valued at $4,536,000 after purchasing an additional 2,881 shares in the last quarter. 34.51% of the stock is owned by institutional investors.

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About State Auto Financial

State Auto Financial Corporation, through its subsidiaries, engages in writing personal, business, and specialty insurance products. It operates through four segments: Personal Insurance, Commercial Insurance, Specialty Insurance, and Investment Operations. The Personal Insurance segment primarily provides personal automobile, homeowners insurance, and other personal insurance products.

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Earnings History and Estimates for State Auto Financial (NASDAQ:STFC)

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