Analysts Anticipate CNO Financial Group Inc (NYSE:CNO) Will Announce Quarterly Sales of $922.60 Million
Wall Street brokerages expect CNO Financial Group Inc (NYSE:CNO) to report $922.60 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for CNO Financial Group’s earnings. The lowest sales estimate is $882.60 million and the highest is $962.60 million. CNO Financial Group posted sales of $1.48 billion in the same quarter last year, which suggests a negative year over year growth rate of 37.7%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, October 30th.
On average, analysts expect that CNO Financial Group will report full year sales of $3.78 billion for the current financial year, with estimates ranging from $3.69 billion to $3.87 billion. For the next year, analysts forecast that the firm will post sales of $3.85 billion, with estimates ranging from $3.73 billion to $3.94 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for CNO Financial Group.
CNO Financial Group (NYSE:CNO) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. CNO Financial Group had a negative net margin of 9.67% and a positive return on equity of 7.71%. The company had revenue of $979.80 million during the quarter, compared to analyst estimates of $956.66 million. During the same period in the prior year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was down 6.4% on a year-over-year basis.
NYSE:CNO traded down $0.69 during mid-day trading on Friday, reaching $14.68. The stock had a trading volume of 1,045,500 shares, compared to its average volume of 1,022,311. The company has a 50 day moving average of $16.40. CNO Financial Group has a fifty-two week low of $13.64 and a fifty-two week high of $22.19. The company has a market cap of $2.40 billion, a PE ratio of 8.06 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.25 and a current ratio of 0.25.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Monday, September 9th. This represents a $0.44 annualized dividend and a dividend yield of 3.00%. CNO Financial Group’s payout ratio is 24.04%.
Several institutional investors have recently made changes to their positions in CNO. Rockefeller Capital Management L.P. increased its position in CNO Financial Group by 206.0% in the second quarter. Rockefeller Capital Management L.P. now owns 1,888 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 1,271 shares during the period. Quadrant Capital Group LLC increased its position in CNO Financial Group by 888.0% in the first quarter. Quadrant Capital Group LLC now owns 3,952 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 3,552 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in CNO Financial Group in the fourth quarter worth about $91,000. CWM Advisors LLC acquired a new position in shares of CNO Financial Group during the 2nd quarter worth about $176,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of CNO Financial Group during the 1st quarter worth about $180,000. Institutional investors and hedge funds own 95.38% of the company’s stock.
About CNO Financial Group
CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.
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