$1.39 Earnings Per Share Expected for Unum Group (NYSE:UNM) This Quarter

Wall Street analysts expect that Unum Group (NYSE:UNM) will announce earnings of $1.39 per share for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Unum Group’s earnings. The lowest EPS estimate is $1.36 and the highest is $1.40. Unum Group posted earnings per share of $1.30 during the same quarter last year, which would indicate a positive year over year growth rate of 6.9%. The business is scheduled to report its next earnings results on Tuesday, February 4th.

According to Zacks, analysts expect that Unum Group will report full-year earnings of $5.41 per share for the current financial year, with EPS estimates ranging from $5.39 to $5.43. For the next financial year, analysts expect that the firm will post earnings of $5.80 per share, with EPS estimates ranging from $5.70 to $5.90. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Unum Group.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.01). The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.02 billion. Unum Group had a net margin of 8.89% and a return on equity of 12.31%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.37 EPS.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Unum Group from a “hold” rating to a “sell” rating and set a $32.00 target price on the stock. in a research report on Monday, November 11th. Morgan Stanley reduced their price target on Unum Group from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. ValuEngine raised Unum Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Barclays set a $36.00 price target on shares of Unum Group and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Citigroup lowered their price objective on shares of Unum Group from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Unum Group currently has a consensus rating of “Hold” and an average target price of $36.40.

Shares of Unum Group stock traded up $0.39 during trading on Tuesday, reaching $29.27. The stock had a trading volume of 4,267,001 shares, compared to its average volume of 1,608,944. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 5.63, a P/E/G ratio of 0.59 and a beta of 1.61. Unum Group has a 52 week low of $24.71 and a 52 week high of $38.29. The stock has a fifty day moving average price of $29.37 and a two-hundred day moving average price of $30.20.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, October 28th were given a dividend of $0.285 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.14 annualized dividend and a yield of 3.89%. Unum Group’s dividend payout ratio (DPR) is presently 21.92%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Man Group plc grew its stake in Unum Group by 9.0% in the third quarter. Man Group plc now owns 1,457,762 shares of the financial services provider’s stock valued at $43,325,000 after purchasing an additional 120,751 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Unum Group by 7.0% in the 3rd quarter. Squarepoint Ops LLC now owns 381,011 shares of the financial services provider’s stock valued at $11,324,000 after buying an additional 24,777 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its holdings in shares of Unum Group by 86.8% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 269,430 shares of the financial services provider’s stock valued at $8,007,000 after buying an additional 125,172 shares during the last quarter. Barclays PLC boosted its holdings in shares of Unum Group by 9.6% in the 3rd quarter. Barclays PLC now owns 852,776 shares of the financial services provider’s stock valued at $25,346,000 after buying an additional 74,421 shares during the last quarter. Finally, Penserra Capital Management LLC grew its stake in shares of Unum Group by 16.8% in the third quarter. Penserra Capital Management LLC now owns 4,536 shares of the financial services provider’s stock valued at $134,000 after buying an additional 651 shares in the last quarter. Institutional investors own 93.14% of the company’s stock.

About Unum Group

Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, Colonial Life, and Closed Block segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.

Recommended Story: Understanding debt-to-equity ratio in fundamental analysis

Get a free copy of the Zacks research report on Unum Group (UNM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Unum Group (NYSE:UNM)

Receive News & Ratings for Unum Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unum Group and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit