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

Lincoln National (NYSE:LNC) will be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect Lincoln National to post earnings of $1.25 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.45 EPS for the quarter, beating the consensus estimate of $1.32 by $0.13. The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $4.44 billion. Lincoln National had a negative net margin of 6.46% and a positive return on equity of 20.81%. 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 NYSE:LNC opened at $27.28 on Wednesday. The company has a market cap of $4.64 billion, a price-to-earnings ratio of -5.47, a price-to-earnings-growth ratio of 0.18 and a beta of 1.81. The company has a 50-day moving average price of $28.43 and a 200-day moving average price of $26.49. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.96. Lincoln National has a 12 month low of $18.50 and a 12 month high of $32.43.

Lincoln National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.60%. The ex-dividend date of this dividend is Tuesday, April 9th. Lincoln National’s dividend payout ratio (DPR) is -36.07%.

Insider Buying and Selling at Lincoln National

In other Lincoln National news, Director Owen Ryan bought 10,000 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $25.90 per share, with a total value of $259,000.00. Following the completion of the purchase, the director now owns 10,000 shares of the company’s stock, valued at $259,000. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LNC. StockNews.com raised shares of Lincoln National from a “sell” rating to a “hold” rating in a research note on Monday, April 15th. Evercore ISI increased their price target on shares of Lincoln National from $33.00 to $35.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Keefe, Bruyette & Woods increased their price target on shares of Lincoln National from $30.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Piper Sandler increased their price target on shares of Lincoln National from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of Lincoln National from $26.00 to $29.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.45.

About Lincoln National

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.