FBL Financial Group (NYSE:FFG) Expected to Announce Earnings of $1.25 Per Share

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Wall Street analysts expect that FBL Financial Group (NYSE:FFG) will report $1.25 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for FBL Financial Group’s earnings. FBL Financial Group posted earnings per share of $1.31 in the same quarter last year, which indicates a negative year over year growth rate of 4.6%. The company is expected to issue its next quarterly earnings results after the market closes on Thursday, August 1st.

On average, analysts expect that FBL Financial Group will report full-year earnings of $4.80 per share for the current year. For the next fiscal year, analysts anticipate that the company will post earnings of $5.00 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that cover FBL Financial Group.

FBL Financial Group (NYSE:FFG) last released its earnings results on Thursday, May 2nd. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.15 by ($0.11). The company had revenue of $203.56 million during the quarter. FBL Financial Group had a net margin of 14.03% and a return on equity of 9.00%.

FFG has been the topic of a number of recent research reports. Zacks Investment Research downgraded Forward Air from a “hold” rating to a “sell” rating in a research report on Monday, June 17th. TheStreet downgraded USD Partners from a “b-” rating to a “c+” rating in a research report on Friday, May 10th. Finally, ValuEngine downgraded Xylem from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th.

Several large investors have recently added to or reduced their stakes in FFG. Norges Bank bought a new position in FBL Financial Group during the fourth quarter worth about $11,284,000. Victory Capital Management Inc. grew its holdings in FBL Financial Group by 8.9% during the first quarter. Victory Capital Management Inc. now owns 741,976 shares of the financial services provider’s stock worth $46,537,000 after purchasing an additional 60,395 shares during the period. Royce & Associates LP grew its holdings in FBL Financial Group by 7,084.1% during the first quarter. Royce & Associates LP now owns 39,800 shares of the financial services provider’s stock worth $2,496,000 after purchasing an additional 39,246 shares during the period. BlackRock Inc. grew its holdings in FBL Financial Group by 2.6% during the fourth quarter. BlackRock Inc. now owns 693,682 shares of the financial services provider’s stock worth $45,541,000 after purchasing an additional 17,699 shares during the period. Finally, American Century Companies Inc. grew its holdings in FBL Financial Group by 216.2% during the fourth quarter. American Century Companies Inc. now owns 16,892 shares of the financial services provider’s stock worth $1,109,000 after purchasing an additional 11,550 shares during the period. 28.94% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:FFG traded down $0.56 during midday trading on Thursday, reaching $64.14. The company had a trading volume of 752 shares, compared to its average volume of 23,430. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.03 and a current ratio of 0.03. The company’s 50 day moving average is $61.15. The firm has a market capitalization of $1.59 billion, a PE ratio of 14.71 and a beta of 0.70. FBL Financial Group has a 1-year low of $59.61 and a 1-year high of $85.70.

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Thursday, June 13th. FBL Financial Group’s dividend payout ratio is currently 44.04%.

FBL Financial Group Company Profile

FBL Financial Group, Inc, through its subsidiaries, sells individual life insurance and annuity products. The Annuity segment sells various traditional annuity products that primarily consist of fixed rate and indexed annuities, and supplementary contracts. The Life Insurance segment offers whole life, term life, and universal life policies.

See Also: Treasury Bonds

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