Brokerages Expect CNO Financial Group, Inc. (CNO) Will Post Earnings of $0.41 Per Share

Equities analysts forecast that CNO Financial Group, Inc. (NYSE:CNO) will announce $0.41 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for CNO Financial Group’s earnings, with estimates ranging from $0.41 to $0.42. CNO Financial Group posted earnings of $0.35 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 17.1%. The business is scheduled to announce its next earnings results on Tuesday, February 6th.

On average, analysts expect that CNO Financial Group will report full year earnings of $1.65 per share for the current year, with EPS estimates ranging from $1.65 to $1.66. For the next fiscal year, analysts anticipate that the company will report earnings of $1.63 per share, with EPS estimates ranging from $1.60 to $1.65. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow CNO Financial Group.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.06. CNO Financial Group had a return on equity of 5.88% and a net margin of 11.41%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the business earned $0.37 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year.

A number of research firms have issued reports on CNO. Goldman Sachs Group began coverage on CNO Financial Group in a research report on Wednesday, October 18th. They set a “neutral” rating and a $24.00 price target for the company. Zacks Investment Research cut CNO Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. Wells Fargo & Company set a $22.00 price objective on CNO Financial Group and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Morgan Stanley cut CNO Financial Group from an “equal weight” rating to an “underweight” rating and set a $21.00 price objective on the stock. in a research note on Monday, August 14th. They noted that the move was a valuation call. Finally, B. Riley restated a “buy” rating on shares of CNO Financial Group in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. CNO Financial Group has an average rating of “Hold” and a consensus price target of $22.25.

Institutional investors and hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. lifted its stake in shares of CNO Financial Group by 15.8% in the second quarter. Victory Capital Management Inc. now owns 1,255,682 shares of the financial services provider’s stock worth $26,219,000 after acquiring an additional 171,722 shares in the last quarter. Tudor Investment Corp ET AL lifted its stake in shares of CNO Financial Group by 52.8% in the second quarter. Tudor Investment Corp ET AL now owns 46,436 shares of the financial services provider’s stock worth $970,000 after acquiring an additional 16,045 shares in the last quarter. Engineers Gate Manager LP lifted its stake in shares of CNO Financial Group by 271.9% in the second quarter. Engineers Gate Manager LP now owns 90,830 shares of the financial services provider’s stock worth $1,897,000 after acquiring an additional 66,409 shares in the last quarter. Rafferty Asset Management LLC acquired a new position in shares of CNO Financial Group in the second quarter worth about $4,693,000. Finally, SG Americas Securities LLC lifted its stake in shares of CNO Financial Group by 45.6% in the second quarter. SG Americas Securities LLC now owns 81,829 shares of the financial services provider’s stock worth $1,709,000 after acquiring an additional 25,629 shares in the last quarter. Institutional investors own 94.41% of the company’s stock.

CNO Financial Group (NYSE:CNO) traded down $0.02 during mid-day trading on Thursday, reaching $25.43. The company’s stock had a trading volume of 654,200 shares, compared to its average volume of 1,086,089. CNO Financial Group has a 1 year low of $18.44 and a 1 year high of $25.83. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a market capitalization of $4,269.55, a P/E ratio of 16.01, a PEG ratio of 1.54 and a beta of 1.20.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Monday, December 11th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Friday, December 8th. CNO Financial Group’s dividend payout ratio is presently 13.00%.

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About CNO Financial Group

CNO Financial Group, Inc is a holding company for a group of insurance companies operating throughout the United States that develops, markets and administers health insurance, annuity, individual life insurance and other insurance products. The Company’s segments include Bankers Life, Washington National and Colonial Penn.

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Earnings History and Estimates for CNO Financial Group (NYSE:CNO)

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