FY2017 EPS Estimates for Leucadia National Corp. (LUK) Raised by Oppenheimer
Leucadia National Corp. (NYSE:LUK) – Equities research analysts at Oppenheimer raised their FY2017 earnings per share (EPS) estimates for shares of Leucadia National in a research note issued on Tuesday. Oppenheimer analyst C. Kotowski now expects that the conglomerate will post earnings of $1.59 per share for the year, up from their prior estimate of $1.39. Oppenheimer also issued estimates for Leucadia National’s Q1 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.43 EPS, Q4 2018 earnings at $0.45 EPS and FY2018 earnings at $1.62 EPS.
Other equities analysts have also issued research reports about the stock. TheStreet raised shares of Leucadia National from a “c+” rating to a “b-” rating in a research report on Friday, November 3rd. Zacks Investment Research raised shares of Leucadia National from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Tuesday, October 10th.
Leucadia National (NYSE:LUK) last released its quarterly earnings results on Thursday, October 26th. The conglomerate reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.10. Leucadia National had a net margin of 5.48% and a return on equity of 5.83%. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.66 billion. The business’s quarterly revenue was up 8.2% on a year-over-year basis.
Hedge funds have recently made changes to their positions in the stock. NEXT Financial Group Inc bought a new position in Leucadia National during the third quarter worth $134,000. Profund Advisors LLC bought a new position in Leucadia National during the second quarter worth $239,000. Magnetar Financial LLC bought a new position in Leucadia National during the third quarter worth $237,000. Synovus Financial Corp increased its position in Leucadia National by 19.5% during the second quarter. Synovus Financial Corp now owns 9,840 shares of the conglomerate’s stock worth $258,000 after acquiring an additional 1,609 shares during the period. Finally, Saratoga Research & Investment Management bought a new position in Leucadia National during the third quarter worth $249,000. 74.86% of the stock is currently owned by institutional investors and hedge funds.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Tuesday, December 12th. Leucadia National’s dividend payout ratio (DPR) is currently 25.81%.
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About Leucadia National
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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