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 (LUK) opened at $26.46 on Thursday. Leucadia National has a 52-week low of $22.23 and a 52-week high of $27.33. The company has a market cap of $9,159.78, a P/E ratio of 16.59, a PEG ratio of 1.03 and a beta of 1.29. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.67 and a quick ratio of 0.67.

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%.

COPYRIGHT VIOLATION WARNING: “FY2017 EPS Estimates for Leucadia National Corp. (LUK) Raised by Oppenheimer” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/12/22/fy2017-eps-estimates-for-leucadia-national-corp-luk-raised-by-oppenheimer.html.

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.

Earnings History and Estimates for Leucadia National (NYSE:LUK)

Receive News & Stock Ratings for Leucadia National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leucadia National and related stocks with our FREE daily email newsletter.