Horace Mann Educators (NYSE:HMN) Releases FY 2024 Earnings Guidance

Horace Mann Educators (NYSE:HMN) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.400-2.700 for the period, compared to the consensus estimate of 3.050. The company issued revenue guidance of -. Horace Mann Educators also updated its FY24 guidance to $2.40-2.70 EPS.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Piper Sandler decreased their price target on shares of Horace Mann Educators from $37.00 to $35.00 and set a neutral rating for the company in a research report on Friday, June 28th. Keefe, Bruyette & Woods decreased their price target on shares of Horace Mann Educators from $42.00 to $40.00 and set an outperform rating for the company in a research report on Friday. StockNews.com downgraded shares of Horace Mann Educators from a buy rating to a hold rating in a research report on Tuesday, April 16th. Finally, JMP Securities reissued a market perform rating on shares of Horace Mann Educators in a research report on Tuesday, June 18th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $37.50.

Horace Mann Educators Stock Performance

Horace Mann Educators stock traded down $0.46 during mid-day trading on Friday, reaching $34.11. The company’s stock had a trading volume of 545,925 shares, compared to its average volume of 230,054. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 21.87 and a beta of 0.28. The business has a 50 day moving average price of $33.58 and a 200-day moving average price of $35.04. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.45. Horace Mann Educators has a twelve month low of $27.81 and a twelve month high of $39.25.

Horace Mann Educators (NYSE:HMN) last released its quarterly earnings data on Wednesday, May 8th. The insurance provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.17). The business had revenue of $386.00 million during the quarter, compared to analyst estimates of $398.35 million. Horace Mann Educators had a return on equity of 6.95% and a net margin of 4.26%. Sell-side analysts predict that Horace Mann Educators will post 2.95 EPS for the current fiscal year.

Horace Mann Educators Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 13th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date was Thursday, June 13th. Horace Mann Educators’s payout ratio is 87.18%.

About Horace Mann Educators

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. The company operates through Property & Casualty, Life & Retirement, and Supplemental & Group Benefits segments. Its Property & Casualty segment offers insurance products, including private passenger auto insurance, residential home insurance, and personal umbrella insurance; and provides auto coverages including liability and collision, and property coverage for homeowners and renters.