Torchmark (TMK) Scheduled to Post Earnings on Wednesday

Torchmark (NYSE:TMK) is scheduled to post its quarterly earnings results after the market closes on Wednesday, April 17th. Analysts expect Torchmark to post earnings of $1.60 per share for the quarter. Torchmark has set its FY 2019 guidance at $6.50-6.70 EPS and its FY19 guidance at $6.50-6.70 EPS.

Torchmark (NYSE:TMK) last released its quarterly earnings data on Tuesday, February 5th. The insurance provider reported $1.56 earnings per share for the quarter, meeting the consensus estimate of $1.56. Torchmark had a return on equity of 12.66% and a net margin of 16.32%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business posted $1.24 EPS. Torchmark’s quarterly revenue was up .8% on a year-over-year basis. On average, analysts expect Torchmark to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

NYSE TMK opened at $86.12 on Tuesday. Torchmark has a 1-year low of $69.68 and a 1-year high of $89.62. The company has a market capitalization of $9.58 billion, a P/E ratio of 14.05, a PEG ratio of 1.72 and a beta of 1.00. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.25.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Friday, April 5th will be paid a $0.1725 dividend. This is an increase from Torchmark’s previous quarterly dividend of $0.16. This represents a $0.69 annualized dividend and a yield of 0.80%. The ex-dividend date is Thursday, April 4th. Torchmark’s dividend payout ratio (DPR) is presently 11.26%.

Several equities analysts recently weighed in on TMK shares. ValuEngine raised Torchmark from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research raised Torchmark from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Saturday, January 5th. Finally, JPMorgan Chase & Co. raised Torchmark from a “neutral” rating to an “overweight” rating in a research note on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $82.75.

In related news, CEO Gary L. Coleman sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $83.60, for a total value of $1,003,200.00. Following the completion of the transaction, the chief executive officer now directly owns 661,547 shares of the company’s stock, valued at approximately $55,305,329.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Shane Henrie sold 2,500 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $82.90, for a total value of $207,250.00. Following the transaction, the insider now directly owns 2,500 shares of the company’s stock, valued at approximately $207,250. The disclosure for this sale can be found here. Insiders sold a total of 92,010 shares of company stock valued at $7,612,561 over the last ninety days. 3.64% of the stock is currently owned by company insiders.

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Torchmark Company Profile

Torchmark Corporation, through its subsidiaries, provides various life and health insurance products, and annuities in the United States, Canada, and New Zealand. It operates through four segments: Life Insurance, Health Insurance, Annuity, and Investment. The company offers traditional and interest-sensitive whole life insurance, as well as term life insurance.

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Earnings History for Torchmark (NYSE:TMK)

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