Jackson Financial (JXN) Scheduled to Post Quarterly Earnings on Wednesday

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

Jackson Financial (NYSE:JXN) last posted its earnings results on Wednesday, February 21st. The company reported $2.53 EPS for the quarter, missing the consensus estimate of $3.53 by ($1.00). The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Jackson Financial’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.66 earnings per share. 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

JXN stock opened at $71.16 on Monday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.41. Jackson Financial has a fifty-two week low of $26.70 and a fifty-two week high of $71.66. The business has a 50 day moving average price of $63.70 and a 200 day moving average price of $53.33. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of 7.25 and a beta of 1.54.

Jackson Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Tuesday, March 12th were issued a $0.70 dividend. This is a boost from Jackson Financial’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Monday, March 11th. This represents a $2.80 annualized dividend and a dividend yield of 3.93%. Jackson Financial’s dividend payout ratio is presently 28.54%.

Insider Buying and Selling at Jackson Financial

In related news, Director Derek G. Kirkland bought 3,500 shares of the stock in a transaction on Monday, March 4th. The shares were bought at an average cost of $55.67 per share, for a total transaction of $194,845.00. Following the completion of the transaction, the director now owns 37,726 shares of the company’s stock, valued at approximately $2,100,206.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on JXN. Morgan Stanley upped their price objective on shares of Jackson Financial from $52.00 to $70.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Evercore ISI increased their price target on shares of Jackson Financial from $55.00 to $62.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. The Goldman Sachs Group upped their target price on shares of Jackson Financial from $39.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods raised their price target on Jackson Financial from $68.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $61.80.

About Jackson Financial

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.