Leucadia National Corp. (NYSE:LUK) – Equities researchers at Oppenheimer dropped their Q1 2018 earnings per share (EPS) estimates for shares of Leucadia National in a research report issued to clients and investors on Tuesday. Oppenheimer analyst C. Kotowski now expects that the conglomerate will earn $0.28 per share for the quarter, down from their prior forecast of $0.43. Oppenheimer also issued estimates for Leucadia National’s Q4 2018 earnings at $0.50 EPS and FY2018 earnings at $1.74 EPS.
Leucadia National (NYSE:LUK) last posted its quarterly earnings data on Thursday, February 22nd. The conglomerate reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Leucadia National had a return on equity of 6.25% and a net margin of 1.81%. The business had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter in the previous year, the firm earned $0.37 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis.
Leucadia National stock opened at $21.85 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.64 and a quick ratio of 0.64. Leucadia National has a 1 year low of $21.72 and a 1 year high of $28.30. The firm has a market capitalization of $8,250.82, a price-to-earnings ratio of 49.66, a price-to-earnings-growth ratio of 0.74 and a beta of 1.30.
A number of hedge funds have recently bought and sold shares of LUK. New York State Common Retirement Fund boosted its position in Leucadia National by 1.0% in the third quarter. New York State Common Retirement Fund now owns 1,537,565 shares of the conglomerate’s stock worth $38,824,000 after purchasing an additional 14,794 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Leucadia National by 9.8% during the 3rd quarter. Toronto Dominion Bank now owns 120,414 shares of the conglomerate’s stock valued at $3,040,000 after buying an additional 10,710 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Leucadia National by 51.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 925,945 shares of the conglomerate’s stock valued at $23,377,000 after buying an additional 314,515 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Leucadia National by 58.3% during the 3rd quarter. SG Americas Securities LLC now owns 115,091 shares of the conglomerate’s stock valued at $2,906,000 after buying an additional 42,394 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Leucadia National by 2.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 154,019 shares of the conglomerate’s stock valued at $3,889,000 after buying an additional 3,836 shares during the last quarter. 75.41% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Monday, March 19th will be given a $0.10 dividend. The ex-dividend date is Friday, March 16th. This represents a $0.40 annualized dividend and a yield of 1.83%. Leucadia National’s dividend payout ratio is currently 90.91%.
Leucadia National Company Profile
Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value. The Company’s segments, based on requirements are Jefferies, National Beef, and Corporate and other. Jefferies is a global full-service, integrated securities and investment banking firm.
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