Analysts Expect Leucadia National Corporation (LUK) to Announce $0.27 Earnings Per Share
Leucadia National Corporation (NYSE:LUK) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 12 month consensus target price of $31.00 for the company and are anticipating that the company will post $0.27 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Leucadia National Corporation an industry rank of 113 out of 265 based on the ratings given to related companies.
Several brokerages recently weighed in on LUK. TheStreet raised shares of Leucadia National Corporation from a “c+” rating to a “b-” rating in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Leucadia National Corporation from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Tuesday, October 10th. Finally, BidaskClub cut shares of Leucadia National Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th.
Institutional investors have recently modified their holdings of the stock. Thrivent Financial For Lutherans grew its stake in shares of Leucadia National Corporation by 3.4% in the second quarter. Thrivent Financial For Lutherans now owns 12,271 shares of the conglomerate’s stock worth $321,000 after purchasing an additional 400 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Leucadia National Corporation during the third quarter valued at $8,823,000. State of Wisconsin Investment Board boosted its position in Leucadia National Corporation by 30.2% during the second quarter. State of Wisconsin Investment Board now owns 282,552 shares of the conglomerate’s stock valued at $7,392,000 after acquiring an additional 65,460 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Leucadia National Corporation by 20.5% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 82,668 shares of the conglomerate’s stock valued at $2,163,000 after acquiring an additional 14,059 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its position in Leucadia National Corporation by 38.5% during the second quarter. Thompson Siegel & Walmsley LLC now owns 631,478 shares of the conglomerate’s stock valued at $16,519,000 after acquiring an additional 175,635 shares during the last quarter. 75.25% of the stock is currently owned by institutional investors.
Leucadia National Corporation (NYSE LUK) opened at $25.66 on Friday. The stock has a market cap of $9,141.97, a price-to-earnings ratio of 16.55, a PEG ratio of 1.03 and a beta of 1.29. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.67 and a current ratio of 0.67. Leucadia National Corporation has a 1-year low of $20.17 and a 1-year high of $27.33.
Leucadia National Corporation (NYSE:LUK) last issued its quarterly earnings data on Thursday, October 26th. The conglomerate reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.10. Leucadia National Corporation had a net margin of 5.48% and a return on equity of 5.83%. The company had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.66 billion. The business’s quarterly revenue was up 8.2% on a year-over-year basis. research analysts predict that Leucadia National Corporation will post 1.39 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $0.40 annualized dividend and a dividend yield of 1.56%. Leucadia National Corporation’s dividend payout ratio is 25.81%.
About Leucadia National Corporation
Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value. The Company’s segments, based on requirements are Jefferies, National Beef, and Corporate and other. Jefferies is a global full-service, integrated securities and investment banking firm.
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