Brokerages Expect Leucadia National Corp. (LUK) to Announce $0.47 Earnings Per Share

Leucadia National Corp. (NYSE:LUK) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Analysts have set a twelve-month consensus target price of $34.00 for the company and are anticipating that the company will post $0.47 earnings per share for the current quarter, according to Zacks. Zacks has also given Leucadia National an industry rank of 78 out of 265 based on the ratings given to related companies.

LUK has been the subject of several analyst reports. Zacks Investment Research upgraded Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Tuesday, October 10th. TheStreet upgraded Leucadia National from a “c+” rating to a “b-” rating in a research report on Friday, November 3rd.

Institutional investors have recently bought and sold shares of the company. RK Asset Management LLC grew its position in shares of Leucadia National by 2.4% in the 4th quarter. RK Asset Management LLC now owns 286,194 shares of the conglomerate’s stock valued at $7,581,000 after purchasing an additional 6,694 shares during the period. Atlantic Trust Group LLC acquired a new position in shares of Leucadia National in the 3rd quarter valued at approximately $1,713,000. Parametric Portfolio Associates LLC grew its position in shares of Leucadia National by 3.3% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 696,968 shares of the conglomerate’s stock valued at $17,598,000 after purchasing an additional 22,229 shares during the period. Burgundy Asset Management Ltd. grew its position in shares of Leucadia National by 1.9% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 2,954,554 shares of the conglomerate’s stock valued at $74,602,000 after purchasing an additional 55,564 shares during the period. Finally, IFM Investors Pty Ltd grew its position in shares of Leucadia National by 44.7% in the 3rd quarter. IFM Investors Pty Ltd now owns 15,882 shares of the conglomerate’s stock valued at $401,000 after purchasing an additional 4,905 shares during the period. Institutional investors own 74.86% of the company’s stock.

Leucadia National (NYSE LUK) opened at $26.88 on Monday. The stock has a market capitalization of $9,576.62, a PE ratio of 17.34, a PEG ratio of 0.92 and a beta of 1.29. Leucadia National has a 12-month low of $22.23 and a 12-month high of $27.33. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 1.02.

Leucadia National (NYSE:LUK) last posted its earnings results on Thursday, October 26th. The conglomerate reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.10. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.66 billion. Leucadia National had a return on equity of 5.83% and a net margin of 5.48%. The firm’s revenue was up 8.2% compared to the same quarter last year. equities research analysts predict that Leucadia National will post 1.59 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, December 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.49%. Leucadia National’s payout ratio is currently 25.81%.

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About Leucadia National

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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