Lincoln National (NYSE:LNC) Issues Earnings Results, Beats Expectations By $0.42 EPS

Lincoln National (NYSE:LNC) announced its earnings results on Thursday. The financial services provider reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.42, Briefing.com reports. Lincoln National had a net margin of 12.24% and a return on equity of 17.13%. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.61 billion. During the same quarter in the previous year, the firm posted $0.23 EPS. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year.

Lincoln National Stock Performance

Lincoln National stock traded down $1.23 during trading on Friday, reaching $33.52. The company had a trading volume of 2,496,909 shares, compared to its average volume of 1,645,596. The firm’s 50-day simple moving average is $31.57 and its 200 day simple moving average is $31.03. Lincoln National has a 52 week low of $20.85 and a 52 week high of $36.46. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 24.36, a price-to-earnings-growth ratio of 0.32 and a beta of 1.81.

Lincoln National Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 10th will be paid a $0.45 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.80 annualized dividend and a dividend yield of 5.37%. Lincoln National’s dividend payout ratio (DPR) is 128.57%.

Wall Street Analyst Weigh In

LNC has been the topic of several research reports. Barclays lifted their price objective on Lincoln National from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Morgan Stanley dropped their price target on Lincoln National from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. StockNews.com downgraded Lincoln National from a “hold” rating to a “sell” rating in a report on Wednesday. Wells Fargo & Company increased their price objective on shares of Lincoln National from $28.00 to $29.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Finally, Piper Sandler reduced their price target on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $33.00.

About Lincoln National

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.