$0.49 EPS Expected for CNO Financial Group Inc (NYSE:CNO) This Quarter

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Equities research analysts predict that CNO Financial Group Inc (NYSE:CNO) will post $0.49 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for CNO Financial Group’s earnings. CNO Financial Group reported earnings per share of $0.53 in the same quarter last year, which indicates a negative year over year growth rate of 7.5%. The company is expected to issue its next earnings report on Wednesday, October 30th.

On average, analysts expect that CNO Financial Group will report full-year earnings of $1.90 per share for the current financial year. For the next financial year, analysts anticipate that the firm will post earnings of $2.22 per share, with EPS estimates ranging from $2.20 to $2.25. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for CNO Financial Group.

CNO Financial Group (NYSE:CNO) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The business had revenue of $979.80 million during the quarter, compared to the consensus estimate of $956.66 million. CNO Financial Group had a negative net margin of 9.67% and a positive return on equity of 7.71%. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 EPS.

Several equities research analysts recently commented on CNO shares. Zacks Investment Research downgraded shares of CNO Financial Group from a “hold” rating to a “sell” rating and set a $18.00 price target for the company. in a research report on Thursday, August 1st. ValuEngine upgraded shares of CNO Financial Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. CNO Financial Group has a consensus rating of “Hold” and a consensus price target of $19.50.

In related news, EVP Matthew J. Zimpfer sold 15,112 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $16.51, for a total value of $249,499.12. Following the completion of the sale, the executive vice president now owns 149,504 shares in the company, valued at approximately $2,468,311.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in CNO. Rockefeller Capital Management L.P. increased its stake in CNO Financial Group by 206.0% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,888 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,271 shares during the period. Quadrant Capital Group LLC lifted its position in CNO Financial Group by 888.0% during the first quarter. Quadrant Capital Group LLC now owns 3,952 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 3,552 shares during the period. Amundi Pioneer Asset Management Inc. bought a new stake in CNO Financial Group during the fourth quarter worth about $91,000. CWM Advisors LLC bought a new stake in CNO Financial Group during the second quarter worth about $176,000. Finally, Janney Montgomery Scott LLC bought a new stake in CNO Financial Group during the first quarter worth about $180,000. Hedge funds and other institutional investors own 94.20% of the company’s stock.

Shares of NYSE:CNO traded down $0.33 during mid-day trading on Wednesday, hitting $15.32. The stock had a trading volume of 8,284 shares, compared to its average volume of 1,090,885. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $2.47 billion, a P/E ratio of 8.38 and a beta of 1.22. CNO Financial Group has a 12-month low of $13.64 and a 12-month high of $22.19. The firm’s 50 day simple moving average is $16.48.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be given a $0.11 dividend. The ex-dividend date is Monday, September 9th. This represents a $0.44 annualized dividend and a dividend yield of 2.87%. CNO Financial Group’s dividend payout ratio (DPR) is presently 24.04%.

CNO Financial Group Company Profile

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.

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Earnings History and Estimates for CNO Financial Group (NYSE:CNO)

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