With 1.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.17 million shares. The 52-week range on LNC shows that it touched its highest point at $39.85 and its lowest point at $27.58 during that stretch. It currently has a 1-year price target of $38.00. With its current market cap of 5.60 billion, LNC has annualized dividend of $1.80 while the current yield stands at 5.49%. Beta for the stock currently stands at 1.41.
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 -1.41%, but this was down by -0.52% over a month. Three-month performance dropped to -8.38% while six-month performance fell -6.87%. The stock lost -1.50% in the past year, while it has gained 3.47% so far this year. A look at the trailing 12-month EPS for LNC yields 7.03 with Next year EPS estimates of 7.68. For the next quarter, that number is 1.98. This implies an EPS growth rate of 2.84% for this year and 5.65% for next year. EPS is expected to grow by 6.74% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 33.25%.
Float and Shares Shorts:
At present, 170.70 million LNC shares are outstanding with a float of 168.73 million shares on hand for trading.
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 $1.93 and the low estimate is $1.74. The average estimate for the next quarter is thus $1.84.
