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.
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.
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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