Brokerages Anticipate State Auto Financial Corp (STFC) Will Post Earnings of $0.28 Per Share
Wall Street brokerages expect State Auto Financial Corp (NASDAQ:STFC) to announce earnings of $0.28 per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for State Auto Financial’s earnings. State Auto Financial reported earnings per share of ($0.54) during the same quarter last year, which would indicate a positive year-over-year growth rate of 151.9%. The company is expected to issue its next earnings results before the market opens on Thursday, November 1st.
According to Zacks, analysts expect that State Auto Financial will report full-year earnings of $1.10 per share for the current year. For the next financial year, analysts forecast that the firm will report earnings of $1.80 per share. Zacks’ EPS averages are a mean average based on a survey of analysts that follow State Auto Financial.
State Auto Financial (NASDAQ:STFC) last issued its quarterly earnings results on Monday, August 6th. The insurance provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.14). The business had revenue of $341.70 million for the quarter, compared to analyst estimates of $332.10 million. State Auto Financial had a negative net margin of 0.82% and a negative return on equity of 0.25%. State Auto Financial’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period last year, the business posted ($0.04) earnings per share.
In related news, insider Steven Eugene English sold 3,633 shares of State Auto Financial stock in a transaction dated Tuesday, July 24th. The stock was sold at an average price of $32.00, for a total transaction of $116,256.00. Following the transaction, the insider now directly owns 39,079 shares of the company’s stock, valued at $1,250,528. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.97% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in STFC. SG Americas Securities LLC acquired a new position in shares of State Auto Financial in the 2nd quarter valued at $101,000. Legal & General Group Plc boosted its position in shares of State Auto Financial by 60.2% in the 1st quarter. Legal & General Group Plc now owns 6,913 shares of the insurance provider’s stock valued at $197,000 after purchasing an additional 2,599 shares during the period. Lincoln National Corp acquired a new position in shares of State Auto Financial in the 2nd quarter valued at $205,000. Keybank National Association OH boosted its position in shares of State Auto Financial by 30.9% in the 2nd quarter. Keybank National Association OH now owns 21,475 shares of the insurance provider’s stock valued at $642,000 after purchasing an additional 5,075 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of State Auto Financial by 192.2% in the 2nd quarter. California Public Employees Retirement System now owns 22,788 shares of the insurance provider’s stock valued at $682,000 after purchasing an additional 14,988 shares during the period. Institutional investors and hedge funds own 35.20% of the company’s stock.
Shares of STFC traded down $0.94 during trading hours on Thursday, reaching $29.20. 24,996 shares of the company’s stock traded hands, compared to its average volume of 36,738. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -73.30 and a beta of 0.67. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.05 and a current ratio of 0.05. State Auto Financial has a twelve month low of $24.84 and a twelve month high of $34.31.
The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Wednesday, September 12th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Tuesday, September 11th. State Auto Financial’s payout ratio is currently -100.00%.
State Auto Financial Company Profile
State Auto Financial Corporation, through its subsidiaries, engages in writing personal, business, and specialty insurance products. It operates through four segments: Personal Insurance, Commercial Insurance, Specialty Insurance, and Investment Operations. The Personal Insurance segment primarily provides personal automobile, homeowners insurance, and other personal insurance products.
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