Lincoln National (LNC) to Release Earnings on Thursday

Lincoln National (NYSE:LNC - Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $1.64 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Lincoln National (NYSE:LNC - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.07. Lincoln National had a net margin of 12.24% and a return on equity of 17.13%. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same period last year, the firm earned $2.02 earnings per share. On average, analysts expect Lincoln National to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Lincoln National Stock Performance

LNC traded up $0.18 during trading on Thursday, hitting $32.77. The company's stock had a trading volume of 795,215 shares, compared to its average volume of 1,640,483. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.82. Lincoln National has a one year low of $20.85 and a one year high of $36.46. The firm has a market cap of $5.57 billion, a PE ratio of 4.46, a P/E/G ratio of 0.31 and a beta of 1.81. The business's 50 day simple moving average is $31.39 and its 200-day simple moving average is $30.91.

Lincoln National Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.80 annualized dividend and a dividend yield of 5.49%. Lincoln National's payout ratio is 24.62%.

Analyst Upgrades and Downgrades

LNC has been the topic of several recent analyst reports. Morgan Stanley decreased their price objective on shares of Lincoln National from $30.00 to $29.00 and set an "equal weight" rating on the stock in a research report on Monday, August 19th. JPMorgan Chase & Co. raised their price objective on shares of Lincoln National from $28.00 to $34.00 and gave the company an "underweight" rating in a research report on Tuesday, July 2nd. StockNews.com downgraded shares of Lincoln National from a "hold" rating to a "sell" rating in a research report on Saturday, October 19th. Piper Sandler decreased their price objective on shares of Lincoln National from $37.00 to $34.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company raised their target price on shares of Lincoln National from $28.00 to $29.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Lincoln National presently has an average rating of "Hold" and a consensus price target of $33.00.

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.