CNO Financial Group (CNO) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

CNO Financial Group (NYSE:CNO) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01), Bloomberg Earnings reports. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. CNO Financial Group had a return on equity of 6.92% and a net margin of 4.67%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 EPS.

Shares of NYSE:CNO traded down $0.03 during trading on Wednesday, hitting $20.32. 657,600 shares of the company were exchanged, compared to its average volume of 1,092,218. The company has a market capitalization of $3.40 billion, a PE ratio of 10.15 and a beta of 1.15. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.55. CNO Financial Group has a 12-month low of $18.65 and a 12-month high of $26.47.

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Several brokerages have recently weighed in on CNO. Zacks Investment Research downgraded shares of CNO Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, April 17th. Wells Fargo & Co set a $23.00 price objective on shares of CNO Financial Group and gave the stock a “hold” rating in a research report on Wednesday, April 25th. ValuEngine downgraded shares of CNO Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Morgan Stanley upgraded shares of CNO Financial Group from an “underweight” rating to an “equal weight” rating in a research report on Thursday, May 17th. Finally, B. Riley reduced their price objective on shares of CNO Financial Group from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, June 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $24.17.

CNO Financial Group Company Profile

CNO Financial Group, Inc, through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. It operates through Bankers Life, Washington National, Colonial Penn, and Long-Term Care in Run Off segments.

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