Lincoln National (LNC) to Release Quarterly Earnings on Thursday

Lincoln National (NYSE:LNC) will 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. Persons interested in registering for the company’s earnings conference call can do so using this link.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, February 8th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.13. Lincoln National had a negative net margin of 6.46% and a positive return on equity of 20.81%. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations 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 Price Performance

LNC opened at $28.01 on Tuesday. The company’s 50 day simple moving average is $28.43 and its 200 day simple moving average is $26.49. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.26 and a current ratio of 0.26. Lincoln National has a 1 year low of $18.50 and a 1 year high of $32.43. The stock has a market capitalization of $4.76 billion, a PE ratio of -5.61, a P/E/G ratio of 0.18 and a beta of 1.81.

Lincoln National Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 10th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.80 annualized dividend and a dividend yield of 6.43%. Lincoln National’s dividend payout ratio is presently -36.07%.

Insider Buying and Selling

In related news, Director Owen Ryan acquired 10,000 shares of Lincoln National stock in a transaction that occurred 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 acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $259,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on LNC. TheStreet cut shares of Lincoln National from a “c” rating to a “d+” rating in a research report on Thursday, February 8th. Jefferies Financial Group raised shares of Lincoln National from an “underperform” rating to a “hold” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. lifted their price target on shares of Lincoln National from $26.00 to $29.00 and gave the company an “underweight” rating in a research report on Tuesday, April 2nd. StockNews.com upgraded shares of Lincoln National from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. Finally, Evercore ISI boosted their target price on shares of Lincoln National from $33.00 to $35.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $28.45.

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.