Cincinnati Financial (CINF) to Release Quarterly Earnings on Thursday

Cincinnati Financial (NASDAQ:CINF) will announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.48 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.33. The business had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Cincinnati Financial had a return on equity of 8.56% and a net margin of 18.41%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.27 EPS. On average, analysts expect Cincinnati Financial to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $120.96 on Tuesday. The company has a market cap of $18.95 billion, a P/E ratio of 10.37, a P/E/G ratio of 2.42 and a beta of 0.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The business’s 50 day moving average price is $117.20 and its 200-day moving average price is $108.73. Cincinnati Financial has a fifty-two week low of $95.01 and a fifty-two week high of $124.35.

Cincinnati Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.68%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.75. Cincinnati Financial’s payout ratio is currently 27.76%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. BMO Capital Markets raised Cincinnati Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $125.00 to $135.00 in a research report on Monday, March 25th. TheStreet raised Cincinnati Financial from a “c+” rating to a “b” rating in a research report on Tuesday, February 6th. Piper Sandler reaffirmed a “neutral” rating and issued a $116.00 price objective on shares of Cincinnati Financial in a research report on Monday, April 1st. Finally, Citigroup upped their price objective on Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Cincinnati Financial presently has an average rating of “Hold” and a consensus price target of $123.57.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.