Torchmark Corporation Common St (NYSE:TMK):
Torchmark Corporation Announces Third Quarter 2016 Earnings Release And Conference Call.
The company is trading up by 0.09 percent from yesterday’s close.
Torchmark Corporation Common St also announced a dividend for shareholders to be paid on Tuesday the 1st of November 2016. The dividend payment will be $0.140 per share for the quarter or $0.56 on an annualized basis. This dividend represents a yield of $0.89. The ex-dividend date will be on Wednesday the 5th of October 2016.
The stock is trading at $63.37 which is just a bit below the 50 day moving average which is $64.03 and slightly over the 200 day moving average of $61.45. The 50 day moving average moved down $-0.66 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. In the latest earnings report the EPS was $4.35 and is estimated to be $4.47 for the current year with 119,768,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $1.14 with next year’s EPS projected to be $4.70.
A few investment analysts have released ratings on Torchmark Corporation Common St of late. On September 30 Barclays left the stock rating at “Underweight” and raised the price target from $53.00 to $57.00. On September 23, 2016 Wells Fargo initiated coverage with a rating of “Underperform”.
July 29 investment analysts at Deutsche Bank maintained a stock rating of “Hold” but raised the price expectation to $59.00 from $55.00. On July 15 the company was upgraded from “Sell” to “Neutral” with a current price target of $60.00 in an announcement from Goldman Sachs.
On July 7 Citigroup maintained a company rating of “Neutral” but moved up the price target to $60.00 from $55.00. On June 29 the stock rating was upgraded to “Neutral” from “Underperform” in a report issued by Bank of America.