Brokerages Expect Cna Financial Corp (CNA) Will Announce Quarterly Sales of $2.36 Billion
Equities research analysts forecast that Cna Financial Corp (NYSE:CNA) will report $2.36 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Cna Financial’s earnings, with the lowest sales estimate coming in at $2.35 billion and the highest estimate coming in at $2.36 billion. Cna Financial reported sales of $2.37 billion in the same quarter last year, which would suggest a negative year over year growth rate of 0.4%. The company is scheduled to report its next quarterly earnings report on Monday, February 5th.
According to Zacks, analysts expect that Cna Financial will report full year sales of $2.36 billion for the current financial year, with estimates ranging from $9.37 billion to $9.38 billion. For the next year, analysts forecast that the company will post sales of $9.50 billion per share, with estimates ranging from $9.35 billion to $9.64 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Cna Financial.
Cna Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, October 30th. The insurance provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.27). Cna Financial had a net margin of 9.67% and a return on equity of 7.14%. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter last year, the business earned $1.15 EPS.
Several brokerages have recently commented on CNA. ValuEngine lowered Cna Financial from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $50.00 target price on shares of Cna Financial in a research report on Thursday, September 21st. Zacks Investment Research upgraded Cna Financial from a “hold” rating to a “strong-buy” rating and set a $61.00 target price for the company in a research report on Tuesday, November 28th. Finally, BidaskClub lowered Cna Financial from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Cna Financial currently has an average rating of “Buy” and a consensus price target of $54.00.
Shares of Cna Financial (NYSE CNA) traded down $0.82 during midday trading on Friday, reaching $52.12. The company’s stock had a trading volume of 194,500 shares, compared to its average volume of 195,661. The firm has a market cap of $14,353.39, a price-to-earnings ratio of 16.80, a PEG ratio of 3.45 and a beta of 1.32. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.22. Cna Financial has a 12-month low of $39.96 and a 12-month high of $55.62.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.20 dividend on an annualized basis and a yield of 2.30%. Cna Financial’s dividend payout ratio is currently 35.50%.
Large investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC raised its stake in Cna Financial by 10.6% during the 1st quarter. Teachers Advisors LLC now owns 32,431 shares of the insurance provider’s stock valued at $1,432,000 after acquiring an additional 3,114 shares in the last quarter. Vanguard Group Inc. raised its stake in Cna Financial by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 550,006 shares of the insurance provider’s stock valued at $24,294,000 after acquiring an additional 20,462 shares in the last quarter. Morgan Stanley raised its stake in Cna Financial by 16.7% during the 1st quarter. Morgan Stanley now owns 76,584 shares of the insurance provider’s stock valued at $3,382,000 after acquiring an additional 10,933 shares in the last quarter. State Street Corp raised its stake in Cna Financial by 3.4% during the 1st quarter. State Street Corp now owns 324,656 shares of the insurance provider’s stock valued at $14,345,000 after acquiring an additional 10,812 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Cna Financial by 49.5% during the 2nd quarter. Sei Investments Co. now owns 7,471 shares of the insurance provider’s stock valued at $364,000 after acquiring an additional 2,475 shares in the last quarter. Institutional investors and hedge funds own 99.69% of the company’s stock.
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Cna Financial Company Profile
CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.
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