Jackson Financial (JXN) to Release Earnings on Wednesday

Jackson Financial (NYSE:JXN) is set to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $3.75 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Jackson Financial (NYSE:JXN) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $2.53 earnings per share for the quarter, missing analysts’ consensus estimates of $3.53 by ($1.00). The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the firm earned $5.66 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts expect Jackson Financial to post $16 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Jackson Financial Stock Up 1.5 %

Shares of JXN stock opened at $72.24 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.33 and a current ratio of 0.33. The stock’s 50 day simple moving average is $64.10 and its 200 day simple moving average is $53.56. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 7.36 and a beta of 1.54. Jackson Financial has a twelve month low of $26.70 and a twelve month high of $73.00.

Jackson Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Tuesday, March 12th were given a $0.70 dividend. This is an increase from Jackson Financial’s previous quarterly dividend of $0.62. This represents a $2.80 annualized dividend and a yield of 3.88%. The ex-dividend date was Monday, March 11th. Jackson Financial’s payout ratio is currently 28.54%.

Insider Buying and Selling

In other Jackson Financial news, Director Derek G. Kirkland bought 3,500 shares of the stock in a transaction on Monday, March 4th. The stock was purchased at an average price of $55.67 per share, with a total value of $194,845.00. Following the acquisition, the director now owns 37,726 shares of the company’s stock, valued at $2,100,206.42. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

JXN has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price target on Jackson Financial from $39.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 9th. Keefe, Bruyette & Woods lifted their price target on Jackson Financial from $68.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Morgan Stanley lifted their price target on Jackson Financial from $52.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Finally, Evercore ISI lifted their price objective on Jackson Financial from $55.00 to $62.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Jackson Financial has a consensus rating of “Hold” and an average price target of $61.80.

About Jackson Financial

Jackson Financial Inc, through its subsidiaries, provides suite of annuities to retail investors in the United States. The company operates through three segments: Retail Annuities, Institutional Products, and Closed Life and Annuity Blocks. The Retail Annuities segment offers various retirement income and savings products, including variable, fixed index, fixed, and payout annuities, as well as registered index-linked annuities and lifetime income solutions.