Lincoln National (LNC) Set to Announce Quarterly Earnings on Thursday

Lincoln National (NYSE:LNC) will be issuing its quarterly earnings data before the market opens on Thursday, August 1st. Analysts expect Lincoln National to post earnings of $1.80 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Lincoln National (NYSE:LNC) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.27. The company had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.64 billion. Lincoln National had a return on equity of 19.50% and a net margin of 11.31%. On average, analysts expect Lincoln National to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Lincoln National Stock Performance

Shares of LNC stock opened at $33.59 on Wednesday. Lincoln National has a 52-week low of $20.85 and a 52-week high of $33.76. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.87. The stock has a market cap of $5.71 billion, a PE ratio of 4.60, a price-to-earnings-growth ratio of 0.28 and a beta of 1.84. The business has a 50-day simple moving average of $31.99 and a 200-day simple moving average of $29.56.

Lincoln National Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 10th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.36%. The ex-dividend date of this dividend is Wednesday, July 10th. Lincoln National’s dividend payout ratio is currently 24.62%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on LNC shares. Wells Fargo & Company dropped their price objective on shares of Lincoln National from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, May 10th. Piper Sandler upped their price objective on shares of Lincoln National from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. Bank of America dropped their target price on Lincoln National from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. JPMorgan Chase & Co. upped their price target on Lincoln National from $28.00 to $34.00 and gave the stock an “underweight” rating in a report on Tuesday, July 2nd. Finally, StockNews.com raised Lincoln National from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $31.18.

Insider Buying and Selling

In other Lincoln National news, EVP Sean Woodroffe sold 55,127 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $32.57, for a total value of $1,795,486.39. Following the transaction, the executive vice president now owns 198,255 shares in the company, valued at approximately $6,457,165.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by company insiders.

Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.