Leucadia National Corporation (LUK) Raised to “B-” at TheStreet
Other analysts have also issued reports about the stock. BidaskClub lowered shares of Leucadia National Corporation from a sell rating to a strong sell rating in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of Leucadia National Corporation from a hold rating to a buy rating and set a $28.00 price target for the company in a research note on Tuesday, October 10th.
Shares of Leucadia National Corporation (NYSE LUK) traded up $0.23 during mid-day trading on Friday, hitting $25.98. 1,279,633 shares of the stock were exchanged, compared to its average volume of 1,280,000. Leucadia National Corporation has a 52-week low of $18.27 and a 52-week high of $27.33. The company has a market capitalization of $9,260.00, a price-to-earnings ratio of 16.61, a PEG ratio of 1.03 and a beta of 1.28. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.67 and a quick ratio of 0.67.
Leucadia National Corporation (NYSE:LUK) last announced its quarterly earnings results on Thursday, October 26th. The conglomerate reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.10. Leucadia National Corporation had a net margin of 5.48% and a return on equity of 5.83%. The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.66 billion. Leucadia National Corporation’s quarterly revenue was up 8.2% compared to the same quarter last year. sell-side analysts forecast that Leucadia National Corporation will post 1.39 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.54%. Leucadia National Corporation’s dividend payout ratio is presently 25.81%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Savant Capital LLC bought a new stake in Leucadia National Corporation during the second quarter valued at approximately $202,000. Eagle Global Advisors LLC bought a new stake in Leucadia National Corporation during the second quarter valued at approximately $219,000. Profund Advisors LLC bought a new stake in Leucadia National Corporation during the second quarter valued at approximately $239,000. Saratoga Research & Investment Management bought a new stake in Leucadia National Corporation during the third quarter valued at approximately $249,000. Finally, Synovus Financial Corp grew its position in Leucadia National Corporation by 19.5% during the second quarter. Synovus Financial Corp now owns 9,840 shares of the conglomerate’s stock valued at $258,000 after buying an additional 1,609 shares during the period. Institutional investors own 75.25% of the company’s stock.
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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