Torchmark (NYSE:TMK) Releases FY19 Earnings Guidance

Torchmark (NYSE:TMK) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $6.61-6.75 bln for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.59. Torchmark also updated its FY 2019 guidance to $6.61-6.75 EPS.

Separately, Zacks Investment Research cut shares of Torchmark from a buy rating to a hold rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Torchmark presently has a consensus rating of Hold and an average price target of $86.00.

TMK opened at $87.14 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.06 and a current ratio of 0.06. Torchmark has a fifty-two week low of $69.68 and a fifty-two week high of $91.28. The stock has a market cap of $9.70 billion, a P/E ratio of 14.22, a PEG ratio of 1.66 and a beta of 1.01.

Torchmark (NYSE:TMK) last released its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.05. Torchmark had a net margin of 16.37% and a return on equity of 13.06%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm earned $1.47 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. Equities research analysts predict that Torchmark will post 6.69 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Friday, July 5th will be given a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Wednesday, July 3rd. Torchmark’s payout ratio is currently 11.26%.

In related news, insider Bill Leavell sold 38,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $87.38, for a total transaction of $3,320,440.00. Following the completion of the sale, the insider now owns 38,000 shares in the company, valued at $3,320,440. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Gary L. Coleman sold 13,000 shares of Torchmark stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $87.01, for a total transaction of $1,131,130.00. Following the completion of the transaction, the chairman now owns 696,373 shares of the company’s stock, valued at approximately $60,591,414.73. The disclosure for this sale can be found here. Insiders have sold 227,514 shares of company stock worth $19,407,694 over the last three months. 3.64% of the stock is owned by insiders.

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About Torchmark

Torchmark Corporation, through its subsidiaries, provides various life and health insurance products, and annuities in the United States, Canada, and New Zealand. It operates through four segments: Life Insurance, Health Insurance, Annuity, and Investment. The company offers traditional and interest-sensitive whole life insurance, as well as term life insurance.

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Earnings History and Estimates for Torchmark (NYSE:TMK)

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