Zacks: Brokerages Expect CNO Financial Group, Inc. (NYSE:CNO) to Announce $0.51 EPS

Equities analysts expect CNO Financial Group, Inc. (NYSE:CNOGet Rating) to announce earnings of $0.51 per share for the current quarter, Zacks reports. Two analysts have made estimates for CNO Financial Group’s earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.44. CNO Financial Group reported earnings per share of $0.66 in the same quarter last year, which would suggest a negative year-over-year growth rate of 22.7%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that CNO Financial Group will report full-year earnings of $2.10 per share for the current year, with EPS estimates ranging from $1.85 to $2.35. For the next year, analysts anticipate that the firm will post earnings of $2.45 per share, with EPS estimates ranging from $2.35 to $2.50. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow CNO Financial Group.

CNO Financial Group (NYSE:CNOGet Rating) last released its quarterly earnings results on Monday, May 2nd. The financial services provider reported $0.42 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.15). CNO Financial Group had a net margin of 10.25% and a return on equity of 7.00%. The business had revenue of $842.90 million during the quarter, compared to analysts’ expectations of $915.85 million. During the same quarter last year, the company earned $0.55 EPS.

A number of analysts have weighed in on CNO shares. Zacks Investment Research cut CNO Financial Group from a “hold” rating to a “strong sell” rating and set a $17.00 price objective for the company. in a research report on Monday, May 16th. Morgan Stanley decreased their price objective on CNO Financial Group from $29.00 to $28.00 and set an “equal weight” rating for the company in a research report on Friday, April 8th. started coverage on CNO Financial Group in a research report on Thursday, March 31st. They set a “hold” rating for the company. B. Riley reaffirmed a “buy” rating on shares of CNO Financial Group in a report on Friday, March 4th. Finally, Jefferies Financial Group started coverage on shares of CNO Financial Group in a report on Tuesday, January 25th. They issued a “hold” rating and a $25.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $24.25.

CNO stock traded up $0.07 on Tuesday, hitting $20.02. The company’s stock had a trading volume of 998,398 shares, compared to its average volume of 991,166. The firm has a 50 day moving average of $23.63 and a two-hundred day moving average of $24.14. CNO Financial Group has a 1 year low of $18.96 and a 1 year high of $27.10. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 6.21 and a beta of 1.19. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.75.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, June 10th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, June 9th. This is a positive change from CNO Financial Group’s previous quarterly dividend of $0.13. CNO Financial Group’s dividend payout ratio is currently 16.20%.

In related news, Director David B. Foss purchased 3,000 shares of CNO Financial Group stock in a transaction dated Thursday, May 19th. The stock was bought at an average cost of $19.53 per share, for a total transaction of $58,590.00. Following the transaction, the director now owns 32,388 shares in the company, valued at $632,537.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Strs Ohio grew its holdings in CNO Financial Group by 83.3% in the fourth quarter. Strs Ohio now owns 1,100 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 500 shares during the last quarter. MCF Advisors LLC purchased a new stake in shares of CNO Financial Group in the 1st quarter worth about $38,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of CNO Financial Group in the 4th quarter worth about $39,000. Sageworth Trust Co of South Dakota purchased a new stake in shares of CNO Financial Group in the 4th quarter worth about $51,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of CNO Financial Group in the 3rd quarter worth about $71,000. 96.18% of the stock is owned by hedge funds and other institutional investors.

CNO Financial Group Company Profile (Get Rating)

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It offers Medicare supplement, supplemental health, and long-term care insurance policies; life insurance; and annuities, as well as Medicare advantage plans to individuals through phone, online, mail, and face-to-face.

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