Horace Mann Educators Corporation (NYSE:HMN) Issues FY17 Earnings Guidance
Horace Mann Educators Corporation (NYSE:HMN) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $1.45-1.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.55.
Shares of Horace Mann Educators Corporation (NYSE HMN) traded up 0.41% during trading on Friday, reaching $37.10. The company’s stock had a trading volume of 169,515 shares. The firm has a market cap of $1.51 billion, a P/E ratio of 23.92 and a beta of 1.05. Horace Mann Educators Corporation has a one year low of $33.30 and a one year high of $44.15. The stock’s 50 day moving average is $36.87 and its 200 day moving average is $39.06.
Horace Mann Educators Corporation (NYSE:HMN) last announced its quarterly earnings results on Monday, July 24th. The insurance provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by $0.09. The business had revenue of $291.40 million for the quarter, compared to the consensus estimate of $290.40 million. Horace Mann Educators Corporation had a net margin of 5.59% and a return on equity of 4.56%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. On average, equities analysts forecast that Horace Mann Educators Corporation will post $1.48 EPS for the current fiscal year.
A number of research analysts have recently issued reports on HMN shares. Keefe, Bruyette & Woods reaffirmed a sell rating and set a $35.00 price target on shares of Horace Mann Educators Corporation in a report on Friday. Zacks Investment Research downgraded Horace Mann Educators Corporation from a hold rating to a strong sell rating in a report on Thursday, April 27th. Finally, BidaskClub raised Horace Mann Educators Corporation from a strong sell rating to a sell rating in a report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. Horace Mann Educators Corporation currently has a consensus rating of Hold and an average target price of $37.50.
In other Horace Mann Educators Corporation news, CFO Bret A. Conklin sold 4,085 shares of the stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $37.95, for a total value of $155,025.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Matthew P. Sharpe sold 2,355 shares of the stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $38.50, for a total value of $90,667.50. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.
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Horace Mann Educators Corporation Company Profile
Horace Mann Educators Corporation (HMEC) is an insurance holding company. Through its subsidiaries, HMEC markets and underwrites personal lines of property and casualty (primarily personal lines automobile and homeowners) insurance, retirement annuities (primarily tax-qualified products) and life insurance in the United States.
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