Cincinnati Financial (CINF) Set to Announce Quarterly Earnings on Thursday

Cincinnati Financial (NASDAQ:CINF) will be issuing its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect Cincinnati Financial to post earnings of $1.40 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.33. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 EPS. On average, analysts expect Cincinnati Financial to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Cincinnati Financial Price Performance

CINF opened at $138.60 on Wednesday. The stock has a fifty day simple moving average of $135.52 and a two-hundred day simple moving average of $124.90. The company has a market cap of $21.70 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 2.62 and a beta of 0.66. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07. Cincinnati Financial has a 12-month low of $96.86 and a 12-month high of $142.25.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th were given a dividend of $0.81 per share. The ex-dividend date was Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a yield of 2.34%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 21.56%.

Analysts Set New Price Targets

A number of brokerages have weighed in on CINF. Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Roth Mkm lifted their price objective on Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Citigroup upgraded Cincinnati Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $126.00 to $135.00 in a report on Friday, June 28th. Finally, Bank of America increased their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $136.29.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.