Earnings Forecast Research on Loews Corporation (L)

Loews Corporation has received $0.63 as the consensus Earnings Estimate for the Quarter ending on Dec 2016 ,According to the estimate provided by 3 Financial Advisor in the Stock Trading Firms. Among 3 Analysts, Bottom line EPS Estimate for the current quarter is $0.57 while the top line estimate is $0.71 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at 36.96%.

Loews Corporation reported better than expected with a surprise EPS of 40.58% or $0.28 during its most recent quarterly earnings. The Actual EPS was $0.97 compared to the Estimated EPS of $0.69. New York based Loews Corporation Last reported the Quarter results on Dec 31, 2016 and the Next earnings date is scheduled to be released on Feb 06, 2017.

Loews Corporation has a Price to Earnings ratio of 19.92 for the trailing twelve month period. The price to book ratio of the company for the most recent quarter is 0.67. For the Most Recent Fiscal Year, Loews Corporation has a price to cash ratio of 9.29. For the Trailing twelve month period, company showed a Net Profit Margin of 1.24% and Return on Equity of the stock is 3.42%.

In the last quarter, Loews Corporation reported Annual Earnings of $0.97. Based on the filings, last years Annual Earnings was, $2.15. In the last Quarter, L reported a surprise Earnings per Share of 40.58% . The consensus estimate for current quarter is $0.63 and for the current fiscal year, the estimate is $2.7. For the Next fiscal year, the estimate is $3.23 based on the consensus.

Loews Corporation (NYSE:L) : On Tuesday heightened volatility was witnessed in Loews Corporation (NYSE:L) which led to swings in the share price. The stock opened for trading at $46.43 and hit $46.63 on the upside , eventually ending the session at $46.58, with a gain of 0.34% or 0.16 points. The heightened volatility saw the trading volume jump to 1,550,461 shares. The 52-week high of the share price is $48.05 and the company has a market cap of $15,696 million. The 52-week low of the share price is at $33.84 .

Loews is a holding company. Their subsidiaries are engaged in the following lines of business: commercial property and casualty insurance (CNA Financial Corporation); operation of offshore oil and gas drilling rigs (Diamond Offshore Drilling); transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas (Boardwalk Pipeline Partners, LP); and operation of a chain of hotels (Loews Hotels Holding Corporation).


Share this post

Leave a Reply