Torchmark Corporation Common St (NYSE:TMK):
TORCHMARK CORPORATION REPORTS Third quarter 2016 Results.
In the market the company is trading up by 0.09% since yesterday’s close of $63.31.
Additionally the company announced a dividend for shareholders that will be paid on Tuesday the 1st of November 2016. The dividend payment will be $0.140 per share for the quarter which is $0.56 annualized. The dividend yield will be $0.89. The ex-dividend date is Wednesday the 5th of October 2016.
Shares are trading at $63.37 marginally under the 50 day moving average which is $64.03 and just above the 200 day moving average of $61.45. The 50 day moving average was down by -1.03% and the 200 day average went up $1.92 or +3.13%.
The company’s P/E ratio is 14.26 and market cap is 7.59B. As of the last earnings report the EPS was $4.35 and is estimated to be $4.47 for the current year with 119,768,000 shares outstanding. Next quarter’s EPS is forecasted at $1.14 and the next full year EPS is anticipated to be $4.70.
Several Wall Street analysts have released ratings on the stock recently. September 30 investment analysts at Barclays kept the company rating at “Underweight” but raised the price expectation to $57.00 from $53.00. On September 23 analysts at Wells Fargo initiated coverage on the stock with a rating of “Underperform”.
On July 29 Deutsche Bank held the stock rating at “Hold” and raised the price expectation from $55.00 to $59.00. On July 15 the stock rating was upgraded to “Neutral” from “Sell” with a current price target of $60.00 in a report from Goldman Sachs.
July 7 investment analysts at Citigroup held the company rating at “Neutral” but moved up the price target to $60.00 from $55.00. On June 29 the company was upgraded from “Underperform” to “Neutral” in a report issued by Bank of America.