Torchmark Corporation (TMK) retreated -0.43% to reach at the floor price of $58.3 as the company is set to share its next quarterly earnings on July 20, 2016. TMK stock trades between $58.02 and $58.83 before the earnings release. Let’s take a closer look at the June 2016 earnings estimates, particularly the things investors should pay close attention to. Earnings (EPS) for the recently concluded quarter is projected to come in at $1.09/share with $981.82M in revenue.
Earnings Track Record: If history is anything to go by, Torchmark Corporation (TMK) managed to beat quarterly EPS forecasts in 4 of the trailing three fiscal years, and has a positive trend with an average surprise of 33%. Last time the company reported, Torchmark Corporation generated $1.08 in earnings per share, surpassing the mean forecast of $1.06. Revenues reached $977.63M in the March 2016 quarter, which was higher than the consensus $971.25M projection. On the other hand, in the December 2015 quarter it recorded a net $933.86M revenue with EPS of $1.05. Wall Street had projected $1.01B and $1.06, respectively. For comparison, there was a revenue of $998.76M and earnings of $1.08 in the September 2015 quarter.
Future Earnings: After upcoming financial results, all eyes will be on the outlook or guidance for the next reporting quarter (September 2016). Analysts, on average, predict Torchmark Corporation to earn $1.11 in earnings per share (EPS) on revenue of $981.82M. The earnings-per-share consensus range is $1.09-$1.13 on sales between $977.34M and $984.8M.
Stock Trend vs. Analyst View: The stock is trading up 20.59 percent versus 1-year low of $48.47 and stands -7.16 lower from its peak of $63.26. The consensus price target of $55.67 means that the market expects Company shares to decrease by -4.51% in the short run. The sell-side target prices range from $51 to $59. In the last month the stock has moved in price 5.14%, with a one year change of 3.73%. The last trading session volume compares with the 606.99K average and market worth floats around $7.03B.
Recent Analyst Rating Changes: The buoyancy in the prospect of Torchmark Corporation (TMK) is getting weaker by the somewhat negative sentiment (3.4 on a 5-point scale) that brokerage firms have issued concerning it. Wall Street analysts on the average recommend the company shares as Underweight. Goldman has been covering shares of TMK, so it’s most recent view is worth a look. In a research note released on February 24, 2016, analysts at Goldman downgraded the stock to Sell from Neutral. Another noteworthy analyst activity was recorded on January 13, 2016. Wells Fargo analysts lifted the stock to Outperform from Market Perform.