Cincinnati Financial (CINF) to Release Quarterly Earnings on Thursday

Cincinnati Financial (NASDAQ:CINF) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.48 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.28 EPS for the quarter, beating the consensus estimate of $1.95 by $0.33. Cincinnati Financial had a return on equity of 8.56% and a net margin of 18.41%. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the company earned $1.27 earnings per share. Cincinnati Financial’s quarterly revenue was up 7.7% compared to the same quarter last year. 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 Up 0.8 %

Shares of CINF opened at $120.96 on Tuesday. The firm has a market cap of $18.95 billion, a P/E ratio of 10.37, a PEG ratio of 2.42 and a beta of 0.63. The stock’s 50 day moving average is $117.20 and its two-hundred day moving average is $108.73. Cincinnati Financial has a 12 month low of $95.01 and a 12 month high of $124.35. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07.

Cincinnati Financial Increases Dividend

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

Analyst Upgrades and Downgrades

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

Cincinnati Financial Company Profile

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.