FY2016 Earnings Estimate for Leucadia National Corp. (LUK) Issued By Oppenheimer Holdings
Leucadia National Corp. (NYSE:LUK) – Equities research analysts at Oppenheimer Holdings boosted their FY2016 earnings per share (EPS) estimates for Leucadia National Corp. in a report issued on Wednesday. Oppenheimer Holdings analyst C. Kotowski now forecasts that the brokerage will post earnings of $0.20 per share for the year, up from their prior forecast of $0.13. Oppenheimer Holdings currently has a “Outperform” rating and a $23.00 target price on the stock.
Leucadia National Corp. (NYSE:LUK) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.25 by $0.10. Leucadia National Corp. had a negative net margin of 2.95% and a negative return on equity of 2.61%.
LUK has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Leucadia National Corp. from a “sell” rating to a “hold” rating and set a $18.00 price objective for the company in a research report on Friday, June 24th. TheStreet upgraded shares of Leucadia National Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th.
Shares of Leucadia National Corp. (NYSE:LUK) opened at 19.55 on Friday. Leucadia National Corp. has a 52-week low of $14.27 and a 52-week high of $21.20. The company’s market capitalization is $7.05 billion. The company has a 50-day moving average of $18.98 and a 200 day moving average of $17.75.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 19th were given a $0.0625 dividend. This represents a $0.25 annualized dividend and a yield of 1.28%. The ex-dividend date was Thursday, September 15th. Leucadia National Corp.’s dividend payout ratio (DPR) is currently -32.47%.
In other Leucadia National Corp. news, Chairman Joseph S. Steinberg sold 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $19.04, for a total value of $3,808,000.00. Following the completion of the transaction, the chairman now directly owns 1,992,687 shares in the company, valued at approximately $37,940,760.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 9.50% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in LUK. Scopia Capital Management LP acquired a new position in shares of Leucadia National Corp. during the first quarter valued at about $106,120,000. Capital Research Global Investors purchased a new stake in Leucadia National Corp. during the second quarter valued at $85,749,000. Kovitz Investment Group Partners LLC purchased a new stake in Leucadia National Corp. during the first quarter valued at $36,530,000. First Pacific Advisors LLC boosted its stake in Leucadia National Corp. by 7.7% in the second quarter. First Pacific Advisors LLC now owns 22,520,090 shares of the company’s stock valued at $390,273,000 after buying an additional 1,617,090 shares during the period. Finally, Investec Asset Management LTD boosted its stake in Leucadia National Corp. by 198.6% in the first quarter. Investec Asset Management LTD now owns 1,991,945 shares of the company’s stock valued at $32,210,000 after buying an additional 1,324,745 shares during the period. Hedge funds and other institutional investors own 73.14% of the company’s stock.
Leucadia National Corp. Company Profile
Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value creation to maximize shareholder value. The Company’s financial services businesses include Jefferies Group LLC (investment banking and capital markets), Leucadia Asset Management (asset management), Berkadia (commercial mortgage banking and servicing), FXCM (a publicly traded company providing online foreign exchange trading), HomeFed Corporation (HomeFed) (a publicly traded real estate company) and Foursight Capital and Chrome Capital (vehicle finance).
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