CNO Financial Group (CNO) Set to Announce Earnings on Monday
CNO Financial Group (NYSE:CNO) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.47 per share for the quarter.
CNO Financial Group (NYSE:CNO) last posted its earnings results on Tuesday, February 12th. The financial services provider reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.14). The company had revenue of $778.20 million for the quarter, compared to the consensus estimate of $981.90 million. CNO Financial Group had a negative net margin of 7.30% and a positive return on equity of 7.57%. The firm’s revenue for the quarter was down 28.6% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. On average, analysts expect CNO Financial Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NYSE:CNO opened at $16.93 on Monday. The company has a market cap of $2.73 billion, a PE ratio of 9.25 and a beta of 1.30. CNO Financial Group has a 52 week low of $13.64 and a 52 week high of $22.93. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.26 and a quick ratio of 0.26.
In related news, CFO Erik M. Helding sold 11,845 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $16.08, for a total value of $190,467.60. Following the completion of the transaction, the chief financial officer now directly owns 78,445 shares of the company’s stock, valued at approximately $1,261,395.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gerardo Monroy sold 16,055 shares of the stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $16.25, for a total value of $260,893.75. Following the completion of the transaction, the insider now directly owns 22,140 shares of the company’s stock, valued at $359,775. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.
CNO has been the subject of a number of recent analyst reports. ValuEngine lowered CNO Financial Group from a “sell” rating to a “strong sell” rating in a report on Monday, February 25th. Evercore ISI raised CNO Financial Group from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 9th. They noted that the move was a valuation call. Zacks Investment Research lowered CNO Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $21.00 price objective on shares of CNO Financial Group in a report on Thursday, February 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $21.50.
COPYRIGHT VIOLATION NOTICE: “CNO Financial Group (CNO) Set to Announce Earnings on Monday” was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.watchlistnews.com/cno-financial-group-cno-set-to-announce-earnings-on-monday/2980516.html.
About CNO Financial Group
CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.
Read More: Stock Symbols and CUSIP Explained
Receive News & Ratings for CNO Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNO Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.