Analysts expect Cna Financial Corp (NYSE:CNA) to report $0.78 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Cna Financial’s earnings, with the highest EPS estimate coming in at $0.86 and the lowest estimate coming in at $0.72. Cna Financial reported earnings per share of $0.82 in the same quarter last year, which indicates a negative year over year growth rate of 4.9%. The company is scheduled to announce its next quarterly earnings results on Monday, February 5th.
Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Cna Financial.
Cna Financial (NYSE:CNA) last posted its earnings results on Monday, October 30th. The insurance provider reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.27). The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.37 billion. Cna Financial had a return on equity of 7.14% and a net margin of 9.67%. During the same period last year, the company posted $1.15 EPS.
A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $50.00 price target on shares of Cna Financial in a report on Thursday, September 21st. ValuEngine lowered shares of Cna Financial from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research raised shares of Cna Financial from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Cna Financial has a consensus rating of “Buy” and an average target price of $54.00.
Shares of Cna Financial (NYSE CNA) traded up $0.10 during trading hours on Friday, hitting $53.05. 211,497 shares of the stock were exchanged, compared to its average volume of 176,903. The company has a market cap of $14,390.00, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 3.45 and a beta of 1.32. Cna Financial has a 1 year low of $39.96 and a 1 year high of $55.62. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.22.
Institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new stake in shares of Cna Financial in the 3rd quarter valued at $1,183,000. Victory Capital Management Inc. boosted its position in Cna Financial by 15.4% during the 2nd quarter. Victory Capital Management Inc. now owns 172,232 shares of the insurance provider’s stock valued at $8,396,000 after buying an additional 23,040 shares during the period. Prudential Financial Inc. boosted its position in Cna Financial by 19.5% during the 3rd quarter. Prudential Financial Inc. now owns 173,911 shares of the insurance provider’s stock valued at $8,739,000 after buying an additional 28,400 shares during the period. Arrow Investment Advisors LLC purchased a new stake in Cna Financial during the 2nd quarter valued at $722,000. Finally, Allianz Asset Management GmbH boosted its position in Cna Financial by 33.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 418,684 shares of the insurance provider’s stock valued at $21,039,000 after buying an additional 105,815 shares during the period. 99.69% of the stock is owned by institutional investors.
WARNING: “$0.78 EPS Expected for Cna Financial Corp (CNA) This Quarter” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://www.dispatchtribunal.com/2018/01/14/0-78-eps-expected-for-cna-financial-corp-cna-this-quarter.html.
Cna Financial Company Profile
CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.
Get a free copy of the Zacks research report on Cna Financial (CNA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cna Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cna Financial and related companies with MarketBeat.com's FREE daily email newsletter.