FY2016 Earnings Estimate for Leucadia National Corp. (LUK) Issued By Oppenheimer Holdings
Leucadia National Corp. (NYSE:LUK) – Oppenheimer Holdings lifted their FY2016 earnings per share estimates for Leucadia National Corp. in a report released on Wednesday. Oppenheimer Holdings analyst C. Kotowski now expects that the firm will post earnings of $0.20 per share for the year, up from their previous estimate of $0.13. Oppenheimer Holdings currently has a “Outperform” rating and a $23.00 price target on the stock.
Leucadia National Corp. (NYSE:LUK) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by $0.10. Leucadia National Corp. had a negative return on equity of 2.61% and a negative net margin of 2.95%.
A number of other research analysts also recently issued reports on LUK. Zacks Investment Research raised Leucadia National Corp. from a “sell” rating to a “hold” rating and set a $18.00 price target for the company in a report on Friday, June 24th. TheStreet raised Leucadia National Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th.
Shares of Leucadia National Corp. (NYSE:LUK) opened at 19.55 on Friday. The company has a 50-day moving average price of $18.98 and a 200-day moving average price of $17.75. The company’s market capitalization is $7.05 billion. Leucadia National Corp. has a 12 month low of $14.27 and a 12 month high of $21.20.
Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Leucadia National Corp. by 2.4% in the second quarter. Vanguard Group Inc. now owns 28,722,993 shares of the company’s stock worth $497,768,000 after buying an additional 668,282 shares during the period. First Pacific Advisors LLC boosted its stake in Leucadia National Corp. by 7.7% in the second quarter. First Pacific Advisors LLC now owns 22,520,090 shares of the company’s stock worth $390,273,000 after buying an additional 1,617,090 shares during the period. State Street Corp boosted its stake in Leucadia National Corp. by 0.4% in the first quarter. State Street Corp now owns 13,268,596 shares of the company’s stock worth $214,564,000 after buying an additional 55,928 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Leucadia National Corp. by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 8,471,633 shares of the company’s stock worth $136,986,000 after buying an additional 22,742 shares during the period. Finally, Scopia Capital Management LP acquired a new stake in Leucadia National Corp. during the first quarter worth approximately $106,120,000. Institutional investors and hedge funds own 73.14% of the company’s stock.
In other news, Chairman Joseph S. Steinberg sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $19.04, for a total value of $3,808,000.00. Following the completion of the sale, the chairman now directly owns 1,992,687 shares in the company, valued at $37,940,760.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.50% of the stock is owned by insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Monday, September 19th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Thursday, September 15th. Leucadia National Corp.’s dividend payout ratio (DPR) is presently -32.47%.
About Leucadia National Corp.
Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value creation to maximize shareholder value. The Company’s financial services businesses include Jefferies Group LLC (investment banking and capital markets), Leucadia Asset Management (asset management), Berkadia (commercial mortgage banking and servicing), FXCM (a publicly traded company providing online foreign exchange trading), HomeFed Corporation (HomeFed) (a publicly traded real estate company) and Foursight Capital and Chrome Capital (vehicle finance).
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