Analysts expect Cincinnati Financial Co. (NASDAQ:CINF) to post $0.86 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Cincinnati Financial’s earnings, with the lowest EPS estimate coming in at $0.83 and the highest estimate coming in at $0.88. Cincinnati Financial reported earnings of $0.75 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 14.7%. The company is expected to issue its next earnings results after the market closes on Wednesday, February 7th.
According to Zacks, analysts expect that Cincinnati Financial will report full-year earnings of $2.65 per share for the current fiscal year, with EPS estimates ranging from $2.60 to $2.70. For the next financial year, analysts expect that the business will post earnings of $3.38 per share, with EPS estimates ranging from $3.25 to $3.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Cincinnati Financial.
Several equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of Cincinnati Financial from a “strong sell” rating to a “sell” rating in a report on Friday. Langen Mcalenn restated a “neutral” rating on shares of Cincinnati Financial in a report on Tuesday, January 16th. Finally, Zacks Investment Research cut shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Cincinnati Financial presently has a consensus rating of “Hold” and an average price target of $78.50.
Shares of Cincinnati Financial (NASDAQ:CINF) traded down $0.06 during mid-day trading on Tuesday, reaching $76.53. 230,266 shares of the company traded hands, compared to its average volume of 505,891. Cincinnati Financial has a 52 week low of $68.24 and a 52 week high of $81.98. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $12,717.21, a PE ratio of 25.34 and a beta of 0.93.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Wednesday, March 21st will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Tuesday, March 20th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.50. Cincinnati Financial’s dividend payout ratio (DPR) is currently 66.23%.
Institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board boosted its stake in shares of Cincinnati Financial by 12,727.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock worth $108,000 after acquiring an additional 1,400 shares during the last quarter. People s United Financial Inc. boosted its stake in shares of Cincinnati Financial by 6.5% during the 2nd quarter. People s United Financial Inc. now owns 1,802 shares of the insurance provider’s stock worth $131,000 after acquiring an additional 110 shares during the last quarter. San Francisco Sentry Investment Group CA purchased a new position in shares of Cincinnati Financial during the 2nd quarter worth $152,000. WFG Advisors LP boosted its stake in shares of Cincinnati Financial by 39.4% during the 2nd quarter. WFG Advisors LP now owns 2,542 shares of the insurance provider’s stock worth $184,000 after acquiring an additional 718 shares during the last quarter. Finally, Csenge Advisory Group purchased a new position in shares of Cincinnati Financial during the 3rd quarter worth $206,000. Institutional investors and hedge funds own 64.50% of the company’s stock.
WARNING: This story was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/02/14/0-86-eps-expected-for-cincinnati-financial-co-cinf-this-quarter.html.
About Cincinnati Financial
Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.
Get a free copy of the Zacks research report on Cincinnati Financial (CINF)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cincinnati Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial and related companies with MarketBeat.com's FREE daily email newsletter.