FY2017 Earnings Estimate for Leucadia National Corporation Issued By Oppenheimer Holdings (LUK)
Leucadia National Corporation (NYSE:LUK) – Oppenheimer Holdings dropped their FY2017 EPS estimates for shares of Leucadia National Corporation in a report released on Tuesday. Oppenheimer Holdings analyst C. Kotowski now forecasts that the conglomerate will earn $1.27 per share for the year, down from their previous forecast of $1.29. Oppenheimer Holdings also issued estimates for Leucadia National Corporation’s Q4 2017 earnings at $0.28 EPS and FY2018 earnings at $1.52 EPS.
Leucadia National Corporation (NYSE:LUK) last released its quarterly earnings results on Thursday, July 27th. The conglomerate reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.14). Leucadia National Corporation had a net margin of 5.94% and a return on equity of 6.27%. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the business earned $0.15 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. WARNING: This news story was first reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/fy2017-earnings-estimate-for-leucadia-national-corporation-issued-by-oppenheimer-holdings-luk/1579383.html.
Several other research analysts also recently commented on the stock. Zacks Investment Research raised shares of Leucadia National Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. BidaskClub downgraded shares of Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th.
Shares of Leucadia National Corporation (NYSE LUK) opened at 24.47 on Thursday. The firm’s 50-day moving average price is $24.19 and its 200-day moving average price is $25.42. The stock has a market cap of $8.78 billion, a P/E ratio of 14.51 and a beta of 1.27. Leucadia National Corporation has a 52-week low of $17.87 and a 52-week high of $27.34.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. bought a new position in shares of Leucadia National Corporation in the 1st quarter valued at about $202,000. Savant Capital LLC bought a new position in shares of Leucadia National Corporation in the 2nd quarter valued at about $202,000. Cleararc Capital Inc. bought a new position in shares of Leucadia National Corporation in the 1st quarter valued at about $205,000. Eagle Global Advisors LLC bought a new position in shares of Leucadia National Corporation in the 2nd quarter valued at about $219,000. Finally, Two Sigma Securities LLC bought a new position in shares of Leucadia National Corporation in the 1st quarter valued at about $227,000. 74.66% of the stock is owned by institutional investors and hedge funds.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 18th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Friday, September 15th. This is an increase from Leucadia National Corporation’s previous quarterly dividend of $0.06. Leucadia National Corporation’s dividend payout ratio is 23.67%.
About Leucadia National Corporation
Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value. The Company’s segments, based on requirements are Jefferies, National Beef, and Corporate and other. Jefferies is a global full-service, integrated securities and investment banking firm.
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