Q3 2017 Earnings Estimate for Leucadia National Corporation (LUK) Issued By Oppenheimer Holdings
Leucadia National Corporation (NYSE:LUK) – Research analysts at Oppenheimer Holdings upped their Q3 2017 earnings estimates for shares of Leucadia National Corporation in a report issued on Thursday. Oppenheimer Holdings analyst C. Kotowski now anticipates that the conglomerate will post earnings per share of $0.17 for the quarter, up from their prior forecast of $0.13.
Other research analysts have also issued research reports about the company. Zacks Investment Research raised Leucadia National Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. BidaskClub lowered Leucadia National Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd.
Shares of Leucadia National Corporation (NYSE LUK) opened at 25.26 on Monday. Leucadia National Corporation has a one year low of $17.87 and a one year high of $27.33. The firm has a 50-day moving average price of $24.04 and a 200-day moving average price of $25.29. The company has a market capitalization of $9.06 billion, a P/E ratio of 14.97 and a beta of 1.27.
Leucadia National Corporation (NYSE:LUK) last issued its earnings results on Thursday, July 27th. The conglomerate reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.14). The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.65 billion. Leucadia National Corporation had a return on equity of 6.27% and a net margin of 5.94%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, September 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.58%. This is a positive change from Leucadia National Corporation’s previous quarterly dividend of $0.06. Leucadia National Corporation’s dividend payout ratio is currently 23.67%.
Several large investors have recently made changes to their positions in LUK. Ameritas Investment Partners Inc. bought a new position in shares of Leucadia National Corporation in the 1st quarter worth approximately $202,000. Savant Capital LLC bought a new position in shares of Leucadia National Corporation in the 2nd quarter worth approximately $202,000. Eagle Global Advisors LLC bought a new position in shares of Leucadia National Corporation in the 2nd quarter worth approximately $219,000. Two Sigma Securities LLC bought a new position in shares of Leucadia National Corporation in the 1st quarter worth approximately $227,000. Finally, Profund Advisors LLC bought a new position in shares of Leucadia National Corporation in the 2nd quarter worth approximately $239,000. 74.66% of the stock is owned by hedge funds and other institutional investors.
Leucadia National Corporation Company Profile
Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value. The Company’s segments, based on requirements are Jefferies, National Beef, and Corporate and other. Jefferies is a global full-service, integrated securities and investment banking firm.
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