Brokerages Anticipate CNO Financial Group Inc (CNO) to Post $0.52 Earnings Per Share

Wall Street analysts forecast that CNO Financial Group Inc (NYSE:CNO) will announce earnings of $0.52 per share for the current quarter, according to Zacks. Two analysts have made estimates for CNO Financial Group’s earnings, with the highest EPS estimate coming in at $0.53 and the lowest estimate coming in at $0.51. CNO Financial Group posted earnings of $0.45 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 15.6%. The firm is expected to announce its next earnings report on Wednesday, October 24th.

On average, analysts expect that CNO Financial Group will report full-year earnings of $1.97 per share for the current fiscal year, with EPS estimates ranging from $1.95 to $2.00. For the next financial year, analysts expect that the company will report earnings of $2.20 per share, with EPS estimates ranging from $2.15 to $2.25. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for CNO Financial Group.

CNO Financial Group (NYSE:CNO) last issued its earnings results on Wednesday, August 1st. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.01). CNO Financial Group had a net margin of 5.12% and a return on equity of 7.11%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the business posted $0.45 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis.

Several research firms have weighed in on CNO. Zacks Investment Research raised shares of CNO Financial Group from a “sell” rating to a “hold” rating in a report on Monday, August 6th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $24.00 price target on shares of CNO Financial Group in a report on Friday, August 17th. Finally, ValuEngine raised shares of CNO Financial Group from a “strong sell” rating to a “sell” rating in a report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $23.80.

CNO Financial Group stock opened at $19.87 on Friday. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 9.84 and a beta of 1.12. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.58. CNO Financial Group has a twelve month low of $18.65 and a twelve month high of $26.47.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 24th. Stockholders of record on Monday, September 10th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, September 7th. This represents a $0.40 annualized dividend and a dividend yield of 2.01%. CNO Financial Group’s dividend payout ratio is presently 19.80%.

In other news, EVP Bruce K. Baude sold 33,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $22.17, for a total transaction of $731,610.00. Following the transaction, the executive vice president now directly owns 52,047 shares of the company’s stock, valued at $1,153,881.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of CNO Financial Group by 3.3% during the second quarter. BlackRock Inc. now owns 16,675,104 shares of the financial services provider’s stock worth $317,494,000 after purchasing an additional 536,084 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in CNO Financial Group by 18.1% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 6,174,450 shares of the financial services provider’s stock valued at $117,562,000 after acquiring an additional 946,582 shares during the last quarter. LSV Asset Management increased its stake in CNO Financial Group by 3.2% in the second quarter. LSV Asset Management now owns 5,953,734 shares of the financial services provider’s stock valued at $113,359,000 after acquiring an additional 182,248 shares during the last quarter. Paradice Investment Management LLC increased its stake in CNO Financial Group by 8.6% in the second quarter. Paradice Investment Management LLC now owns 4,061,364 shares of the financial services provider’s stock valued at $77,328,000 after acquiring an additional 319,926 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its stake in CNO Financial Group by 46.3% in the first quarter. Allianz Asset Management GmbH now owns 2,831,660 shares of the financial services provider’s stock valued at $61,362,000 after acquiring an additional 895,832 shares during the last quarter. 92.60% of the stock is currently owned by institutional investors.

CNO Financial Group Company Profile

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 operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.

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

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