Cincinnati Financial (CINF) Scheduled to Post Earnings on Thursday

Cincinnati Financial (NASDAQ:CINF) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $1.40 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Thursday, July 25th. The insurance provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.33. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The business’s revenue was up 11.4% on a year-over-year basis. During the same period last year, the firm posted $1.21 EPS. On average, analysts expect Cincinnati Financial to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Cincinnati Financial Price Performance

Shares of CINF stock opened at $138.22 on Thursday. Cincinnati Financial has a 52 week low of $96.86 and a 52 week high of $139.34. The stock has a market capitalization of $21.64 billion, a PE ratio of 9.20, a PEG ratio of 2.62 and a beta of 0.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The stock’s fifty day moving average is $134.51 and its 200-day moving average is $124.35.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th were paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio is presently 21.56%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Cincinnati Financial from $146.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Bank of America lifted their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Roth Mkm upped their target price on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Citigroup upgraded shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $126.00 to $135.00 in a research report on Friday, June 28th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Cincinnati Financial has a consensus rating of “Moderate Buy” and a consensus target price of $136.29.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.