Jackson Financial (JXN) Set to Announce Quarterly Earnings on Wednesday

Jackson Financial (NYSE:JXN) is set to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect Jackson Financial to post earnings of $4.54 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Jackson Financial (NYSE:JXN) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $5.32 EPS for the quarter, beating analysts’ consensus estimates of $4.32 by $1.00. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the company earned $3.34 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts expect Jackson Financial to post $19 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Jackson Financial Price Performance

JXN stock opened at $98.32 on Monday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average price is $92.08 and its two-hundred day moving average price is $82.10. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 3.63 and a beta of 1.48. Jackson Financial has a 12-month low of $37.74 and a 12-month high of $104.05.

Jackson Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Thursday, September 5th. Jackson Financial’s payout ratio is currently 10.34%.

Jackson Financial declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 7th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, EVP Carrie Chelko sold 5,500 shares of Jackson Financial stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $91.31, for a total transaction of $502,205.00. Following the sale, the executive vice president now owns 61,829 shares in the company, valued at $5,645,605.99. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Jackson Financial from $86.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Monday, August 19th. Keefe, Bruyette & Woods raised their price objective on Jackson Financial from $80.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, August 14th. Barclays lifted their price objective on Jackson Financial from $109.00 to $111.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group raised their price target on Jackson Financial from $73.00 to $80.00 and gave the company a “hold” rating in a report on Monday, July 29th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $80.33.

About Jackson Financial

Jackson Financial Inc, through its subsidiaries, provides suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and payout annuities, as well as registered index-linked annuities and lifetime income solutions.