Equities research analysts predict that CNO Financial Group Inc (NYSE:CNO) will announce sales of $922.60 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for CNO Financial Group’s earnings, with estimates ranging from $882.60 million to $962.60 million. CNO Financial Group posted sales of $1.48 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 37.7%. The business is scheduled to issue its next quarterly earnings results on Wednesday, October 30th.
On average, analysts expect that CNO Financial Group will report full-year sales of $3.78 billion for the current financial year, with estimates ranging from $3.69 billion to $3.87 billion. For the next year, analysts forecast that the business will report sales of $3.85 billion, with estimates ranging from $3.73 billion to $3.94 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side 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 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.48. CNO Financial Group had a negative net margin of 9.67% and a positive return on equity of 7.71%. The company had revenue of $979.80 million for the quarter, compared to the consensus estimate of $956.66 million. During the same period in the previous year, the firm earned $0.49 EPS. The firm’s quarterly revenue was down 6.4% on a year-over-year basis.
CNO has been the topic of a number of research reports. ValuEngine upgraded CNO Financial Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 8th. Zacks Investment Research cut CNO Financial Group from a “hold” rating to a “sell” rating and set a $18.00 price target on the stock. in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $19.50.
CNO Financial Group stock traded up $0.40 during midday trading on Friday, reaching $14.97. The stock had a trading volume of 1,021,259 shares, compared to its average volume of 1,023,589. CNO Financial Group has a 12 month low of $13.64 and a 12 month high of $22.19. The firm’s 50-day moving average price is $16.31 and its 200 day moving average price is $16.63. The firm has a market capitalization of $2.40 billion, a PE ratio of 8.18 and a beta of 1.22. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.62.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Monday, September 9th. CNO Financial Group’s payout ratio is 24.04%.
Several hedge funds and other institutional investors have recently modified their holdings of CNO. Rockefeller Capital Management L.P. boosted its stake in CNO Financial Group by 206.0% in the second quarter. Rockefeller Capital Management L.P. now owns 1,888 shares of the financial services provider’s stock worth $31,000 after buying an additional 1,271 shares in the last quarter. Point72 Hong Kong Ltd boosted its stake in shares of CNO Financial Group by 32.3% during the second quarter. Point72 Hong Kong Ltd now owns 3,192 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 779 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of 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 valued at $61,000 after purchasing an additional 3,552 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of CNO Financial Group during the fourth quarter valued at approximately $91,000. Finally, CWM Advisors LLC purchased a new stake in shares of CNO Financial Group during the second quarter valued at approximately $176,000. 95.38% of the stock is owned by institutional investors.
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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