Analysts Anticipate CNO Financial Group Inc (CNO) to Post $0.50 EPS

Analysts expect that CNO Financial Group Inc (NYSE:CNO) will post earnings of $0.50 per share for the current quarter, according to Zacks. Two analysts have provided estimates for CNO Financial Group’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.51. CNO Financial Group reported earnings of $0.49 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 2%. The business is scheduled to issue its next earnings report on Wednesday, August 7th.

On average, analysts expect that CNO Financial Group will report full-year earnings of $2.02 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.05. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.30 per share, with EPS estimates ranging from $2.25 to $2.35. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for CNO Financial Group.

CNO Financial Group (NYSE:CNO) last posted its quarterly earnings results on Monday, April 29th. The financial services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.04). The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $951.93 million. CNO Financial Group had a positive return on equity of 7.75% and a negative net margin of 8.03%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS.

CNO has been the topic of several research analyst reports. Zacks Investment Research lowered shares of CNO Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $21.00 price objective on shares of CNO Financial Group in a report on Thursday, February 14th. Finally, ValuEngine lowered shares of CNO Financial Group from a “sell” rating to a “strong sell” rating in a report on Monday, February 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. CNO Financial Group presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Shares of CNO opened at $16.90 on Tuesday. The stock has a market capitalization of $2.71 billion, a P/E ratio of 9.23 and a beta of 1.29. CNO Financial Group has a 12-month low of $13.64 and a 12-month high of $22.54. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.26 and a current ratio of 0.25.

In related news, Director Charles J. Jacklin acquired 7,000 shares of CNO Financial Group stock in a transaction that occurred on Thursday, May 2nd. The shares were purchased at an average cost of $16.47 per share, for a total transaction of $115,290.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Erik M. Helding sold 11,845 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $16.08, for a total transaction of $190,467.60. Following the completion of the sale, the chief financial officer now owns 78,445 shares in the company, valued at $1,261,395.60. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. JOYN Advisors Inc. increased its stake in CNO Financial Group by 447.9% during the fourth quarter. JOYN Advisors Inc. now owns 1,967 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 1,608 shares during the period. Quadrant Capital Group LLC increased its stake in 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 worth $61,000 after purchasing an additional 3,552 shares during the period. Advisors Preferred LLC purchased a new stake in CNO Financial Group during the fourth quarter worth about $64,000. Amundi Pioneer Asset Management Inc. purchased a new stake in CNO Financial Group during the fourth quarter worth about $91,000. Finally, Quantamental Technologies LLC purchased a new stake in CNO Financial Group during the fourth quarter worth about $139,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

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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Earnings History and Estimates for CNO Financial Group (NYSE:CNO)

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