With 0.97 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.44 million shares. The 52-week range on LNC shows that it touched its highest point at $39.85 and its lowest point at $25.60 during that stretch. It currently has a 1-year price target of $38.42. With its current market cap of 6.37 billion, LNC has annualized dividend of $1.80 while the current yield stands at 4.82%. Beta for the stock currently stands at 1.76.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of LNC was down-trending over the past week, with a drop of -4.33%, but this was up by 10.27% over a month. Three-month performance surged to 7.35% while six-month performance rose 18.22%. The stock gained 36.72% in the past year, while it has gained 17.88% so far this year. A look at the trailing 12-month EPS for LNC yields 18.38 with Next year EPS estimates of 8.42. For the next quarter, that number is 1.63. This implies an EPS growth rate of 8.53% for this year and 9.80% for next year. EPS is expected to grow by 9.97% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 33.22%.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for LNC since 11 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $6.79523 being high and $6.74648 being low. For LNC, this leads to a yearly average estimate of $6.77573. Based on analyst estimates, the high estimate for the next quarter is $2.24 and the low estimate is $2.02. The average estimate for the next quarter is thus $2.11.
