Lincoln National (NYSE:LNC) Announces Quarterly Earnings Results, Beats Expectations By $0.42 EPS

Lincoln National (NYSE:LNC) posted its quarterly earnings results on Thursday. The financial services provider reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.42, Briefing.com reports. Lincoln National had a return on equity of 17.13% and a net margin of 12.24%. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.61 billion. During the same period in the prior year, the business earned $0.23 earnings per share. The business’s revenue was down 2.2% compared to the same quarter last year.

Lincoln National Stock Performance

LNC traded down $1.23 on Friday, hitting $33.52. 2,496,909 shares of the company traded hands, compared to its average volume of 1,645,596. The company has a 50 day moving average of $31.68 and a 200-day moving average of $31.09. Lincoln National has a 12-month low of $20.85 and a 12-month high of $36.46. The stock has a market capitalization of $5.71 billion, a PE ratio of 23.94, a PEG ratio of 0.32 and a beta of 1.81. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.82.

Lincoln National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend is Thursday, October 10th. Lincoln National’s dividend payout ratio is currently 128.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LNC shares. Bank of America lowered their price target on Lincoln National from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Wells Fargo & Company increased their target price on Lincoln National from $28.00 to $29.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. StockNews.com downgraded Lincoln National from a “hold” rating to a “sell” rating in a report on Wednesday. TD Cowen began coverage on Lincoln National in a report on Wednesday, October 9th. They issued a “hold” rating and a $34.00 price objective on the stock. Finally, Barclays boosted their target price on Lincoln National from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $33.00.

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.