Zacks: Analysts Anticipate Unum Group (UNM) to Post $1.31 Earnings Per Share

Analysts expect that Unum Group (NYSE:UNM) will post earnings per share (EPS) of $1.31 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Unum Group’s earnings. The lowest EPS estimate is $1.29 and the highest is $1.34. Unum Group posted earnings per share of $1.24 during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.6%. The company is expected to announce its next earnings report after the market closes on Tuesday, April 30th.

On average, analysts expect that Unum Group will report full-year earnings of $5.46 per share for the current year, with EPS estimates ranging from $5.40 to $5.50. For the next financial year, analysts expect that the business will post earnings of $5.84 per share, with EPS estimates ranging from $5.75 to $5.95. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Unum Group.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, February 5th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.01). Unum Group had a net margin of 4.51% and a return on equity of 12.69%. The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same period last year, the company posted $1.13 EPS. Unum Group’s revenue for the quarter was up 3.3% on a year-over-year basis.

A number of equities research analysts have recently issued reports on UNM shares. Zacks Investment Research cut shares of Unum Group from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. JPMorgan Chase & Co. cut their price objective on shares of Unum Group from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, January 2nd. Finally, TheStreet raised shares of Unum Group from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $49.75.

Shares of Unum Group stock traded up $0.12 during trading on Friday, reaching $36.58. The company’s stock had a trading volume of 1,044,531 shares, compared to its average volume of 1,966,386. Unum Group has a 52-week low of $26.76 and a 52-week high of $49.24. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 7.03, a price-to-earnings-growth ratio of 0.75 and a beta of 1.46. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.17 and a current ratio of 0.17.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, April 29th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, April 26th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.84%. Unum Group’s dividend payout ratio (DPR) is 20.00%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC boosted its position in Unum Group by 68.3% during the 1st quarter. CWM LLC now owns 737 shares of the financial services provider’s stock valued at $25,000 after buying an additional 299 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in Unum Group by 13.8% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,642 shares of the financial services provider’s stock valued at $78,000 after buying an additional 321 shares during the period. Stanley Laman Group Ltd. boosted its position in Unum Group by 2.4% during the 4th quarter. Stanley Laman Group Ltd. now owns 14,983 shares of the financial services provider’s stock valued at $440,000 after buying an additional 347 shares during the period. Creative Planning boosted its position in Unum Group by 3.5% during the 4th quarter. Creative Planning now owns 10,879 shares of the financial services provider’s stock valued at $320,000 after buying an additional 368 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in Unum Group by 6.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 8,243 shares of the financial services provider’s stock valued at $242,000 after buying an additional 500 shares during the period. 93.18% of the stock is owned by institutional investors and hedge funds.

Unum Group Company Profile

Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, Colonial Life, and Closed Block segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.

Recommended Story: How a Back-End Load Mutual Fund Works

Get a free copy of the Zacks research report on Unum Group (UNM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Unum Group (NYSE:UNM)

Receive News & Ratings for Unum Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unum Group and related companies with MarketBeat.com's FREE daily email newsletter.