Cincinnati Financial (CINF) Scheduled to Post Quarterly Earnings on Thursday

Cincinnati Financial (NASDAQ:CINF) will announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.48 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.33. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $2.02 billion. Cincinnati Financial had a net margin of 18.41% and a return on equity of 8.56%. Cincinnati Financial’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.27 earnings per share. On average, analysts expect Cincinnati Financial to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock opened at $120.83 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market cap of $18.93 billion, a P/E ratio of 10.35, a P/E/G ratio of 2.42 and a beta of 0.63. The firm has a 50 day simple moving average of $117.43 and a 200 day simple moving average of $108.88. Cincinnati Financial has a fifty-two week low of $95.01 and a fifty-two week high of $124.35.

Cincinnati Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, March 19th were paid a $0.81 dividend. The ex-dividend date was Monday, March 18th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.75. This represents a $3.24 dividend on an annualized basis and a yield of 2.68%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 27.76%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CINF shares. Citigroup raised their price objective on shares of Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. BMO Capital Markets raised shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $125.00 to $135.00 in a research report on Monday, March 25th. Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. TheStreet raised shares of Cincinnati Financial from a “c+” rating to a “b” rating in a research report on Tuesday, February 6th. Finally, Piper Sandler reissued a “neutral” rating and set a $116.00 price target on shares of Cincinnati Financial in a research report on Monday, April 1st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Cincinnati Financial currently has an average rating of “Hold” and a consensus price target of $123.57.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.