State Auto Financial Corp (STFC) Expected to Announce Earnings of $0.28 Per Share
Wall Street analysts expect State Auto Financial Corp (NASDAQ:STFC) to report earnings per share of $0.28 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for State Auto Financial’s earnings. State Auto Financial reported earnings of ($0.54) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 151.9%. The business is expected to announce its next earnings results on Thursday, November 1st.
On average, 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 expect that the business will report earnings of $1.80 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow State Auto Financial.
State Auto Financial (NASDAQ:STFC) last posted its quarterly earnings results on Monday, August 6th. The insurance provider reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.14). The company had revenue of $341.70 million during the quarter, compared to analysts’ expectations of $332.10 million. State Auto Financial had a negative return on equity of 0.25% and a negative net margin of 0.82%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.04) EPS.
STFC stock traded down $0.01 during trading on Friday, hitting $31.38. The company had a trading volume of 12,700 shares, compared to its average volume of 37,982. The company has a market capitalization of $1.31 billion, a PE ratio of -78.43 and a beta of 0.71. State Auto Financial has a 52-week low of $23.32 and a 52-week high of $34.31. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.05 and a quick ratio of 0.05.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Wednesday, September 12th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Tuesday, September 11th. State Auto Financial’s dividend payout ratio is presently -100.00%.
In other State Auto Financial news, insider Steven Eugene English sold 3,633 shares of the firm’s stock in a transaction dated Tuesday, July 24th. The shares were sold at an average price of $32.00, for a total transaction of $116,256.00. Following the transaction, the insider now owns 39,079 shares of the company’s stock, valued at approximately $1,250,528. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 29,498 shares of company stock worth $907,644 in the last three months. Insiders own 1.54% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of STFC. Wells Fargo & Company MN increased its position in State Auto Financial by 3.9% during the 1st quarter. Wells Fargo & Company MN now owns 155,500 shares of the insurance provider’s stock valued at $4,442,000 after purchasing an additional 5,765 shares during the period. Victory Capital Management Inc. increased its position in State Auto Financial by 521.4% during the 1st quarter. Victory Capital Management Inc. now owns 799,715 shares of the insurance provider’s stock valued at $22,848,000 after purchasing an additional 671,014 shares during the period. Swiss National Bank increased its position in State Auto Financial by 7.3% during the 1st quarter. Swiss National Bank now owns 29,400 shares of the insurance provider’s stock valued at $840,000 after purchasing an additional 2,000 shares during the period. Schwab Charles Investment Management Inc. increased its position in State Auto Financial by 8.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 75,174 shares of the insurance provider’s stock valued at $2,148,000 after purchasing an additional 6,107 shares during the period. Finally, Gabelli Funds LLC increased its position in State Auto Financial by 66.7% during the 1st quarter. Gabelli Funds LLC now owns 20,000 shares of the insurance provider’s stock valued at $571,000 after purchasing an additional 8,000 shares during the period. 35.21% of the stock is currently owned by institutional investors and hedge funds.
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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