Jackson Financial (JXN) to Release Quarterly Earnings on Wednesday

Jackson Financial (NYSE:JXN) will issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $3.75 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($1.00). The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the firm earned $5.66 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts expect Jackson Financial to post $16 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Jackson Financial Price Performance

Shares of JXN opened at $68.32 on Wednesday. The company has a 50 day moving average price of $62.60 and a 200-day moving average price of $52.72. Jackson Financial has a fifty-two week low of $26.70 and a fifty-two week high of $70.97. The stock has a market capitalization of $5.29 billion, a PE ratio of 6.96 and a beta of 1.57. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.33 and a current ratio of 0.33.

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Tuesday, March 12th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend was Monday, March 11th. This is a boost from Jackson Financial’s previous quarterly dividend of $0.62. Jackson Financial’s dividend payout ratio is presently 28.54%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $55.00 price target on shares of Jackson Financial in a research report on Tuesday, January 2nd. The Goldman Sachs Group increased their target price on shares of Jackson Financial from $39.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th. Evercore ISI increased their target price on shares of Jackson Financial from $55.00 to $62.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Morgan Stanley increased their target price on shares of Jackson Financial from $52.00 to $70.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Jackson Financial from $68.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.80.

Insiders Place Their Bets

In related news, Director Derek G. Kirkland purchased 3,500 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was acquired at an average price of $55.67 per share, with a total value of $194,845.00. Following the completion of the acquisition, the director now owns 37,726 shares in the company, valued at approximately $2,100,206.42. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Jackson Financial Company Profile

Jackson Financial Inc, through its subsidiaries, provides suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and payout annuities, as well as registered index-linked annuities and lifetime income solutions.