Lincoln National (LNC) Set to Announce Earnings on Thursday

Lincoln National (NYSE:LNC) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $1.64 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.84 EPS for the quarter, topping the consensus estimate of $1.77 by $0.07. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.65 billion. Lincoln National had a return on equity of 17.13% and a net margin of 12.24%. During the same quarter last year, the company earned $2.02 EPS. On average, analysts expect Lincoln National to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Lincoln National Stock Up 0.3 %

Shares of NYSE LNC opened at $32.76 on Wednesday. The business has a fifty day moving average of $31.52 and a two-hundred day moving average of $31.01. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.27 and a current ratio of 0.27. Lincoln National has a 52-week low of $20.85 and a 52-week high of $36.46. The stock has a market cap of $5.57 billion, a PE ratio of 4.48, a PEG ratio of 0.32 and a beta of 1.81.

Lincoln National Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 10th will be issued a $0.45 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.49%. Lincoln National’s dividend payout ratio is 24.62%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. StockNews.com lowered shares of Lincoln National from a “hold” rating to a “sell” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on Lincoln National from $28.00 to $34.00 and gave the company an “underweight” rating in a research report on Tuesday, July 2nd. Barclays boosted their target price on Lincoln National from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Morgan Stanley decreased their price target on Lincoln National from $30.00 to $29.00 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Finally, Piper Sandler dropped their price objective on Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.00.

About Lincoln National

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.