Lincoln National (LNC) Set to Announce Quarterly Earnings on Thursday

Lincoln National (NYSE:LNC) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.25 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Lincoln National (NYSE:LNC) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.13. Lincoln National had a positive return on equity of 20.81% and a negative net margin of 6.46%. The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $4.44 billion. On average, analysts expect Lincoln National to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Lincoln National Trading Down 0.3 %

Shares of LNC stock opened at $28.64 on Thursday. Lincoln National has a 52-week low of $18.50 and a 52-week high of $32.43. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market capitalization of $4.87 billion, a PE ratio of -5.74, a PEG ratio of 0.18 and a beta of 1.81. The stock has a fifty day simple moving average of $28.41 and a two-hundred day simple moving average of $26.38.

Lincoln National Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.80 dividend on an annualized basis and a yield of 6.29%. Lincoln National’s payout ratio is presently -36.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LNC shares. The Goldman Sachs Group increased their price target on Lincoln National from $29.00 to $36.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods raised their price objective on Lincoln National from $30.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. UBS Group raised their price objective on Lincoln National from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. TheStreet lowered Lincoln National from a “c” rating to a “d+” rating in a research report on Thursday, February 8th. Finally, Evercore ISI raised their price objective on Lincoln National from $33.00 to $35.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Lincoln National has a consensus rating of “Hold” and an average price target of $28.45.

Insider Buying and Selling

In other news, Director Owen Ryan acquired 10,000 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $25.90 per share, with a total value of $259,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $259,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by company insiders.

Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.