Lincoln National (LNC) Expected to Announce Quarterly Earnings on Thursday

Lincoln National (NYSE:LNC) is expected to be posting its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect Lincoln National to post earnings of $1.87 per share and revenue of $4.72 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, October 31st. The financial services provider reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.42. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.61 billion. During the same quarter last year, the company earned $0.23 earnings per share. The firm’s revenue was down 2.2% on a year-over-year basis. On average, analysts expect Lincoln National to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Lincoln National Stock Performance

NYSE:LNC opened at $35.35 on Thursday. The firm has a market capitalization of $6.02 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 0.26 and a beta of 1.78. The firm has a 50-day moving average price of $33.00 and a 200 day moving average price of $32.36. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.73. Lincoln National has a 12-month low of $25.09 and a 12-month high of $36.98.

Lincoln National Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 10th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date of this dividend is Friday, January 10th. Lincoln National’s dividend payout ratio is currently 128.57%.

Insider Activity

In other Lincoln National news, EVP John Christopher Kennedy sold 2,863 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $36.00, for a total value of $103,068.00. Following the completion of the transaction, the executive vice president now directly owns 99,644 shares in the company, valued at approximately $3,587,184. This represents a 2.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on LNC shares. Wells Fargo & Company reduced their price target on shares of Lincoln National from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. TD Cowen upped their price objective on shares of Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Piper Sandler reduced their price objective on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Finally, Barclays dropped their price objective on shares of Lincoln National from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Lincoln National presently has a consensus rating of “Hold” and a consensus price target of $33.40.

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.