Cincinnati Financial (CINF) to Release Quarterly Earnings on Thursday

Cincinnati Financial (NASDAQ:CINF) will be posting its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect Cincinnati Financial to post earnings of $1.40 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, beating the consensus estimate of $0.96 by $0.33. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $2.21 billion. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.21 EPS. On average, analysts expect Cincinnati Financial to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock opened at $138.22 on Thursday. Cincinnati Financial has a 12 month low of $96.86 and a 12 month high of $139.34. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. The stock has a market cap of $21.64 billion, a PE ratio of 9.20, a price-to-earnings-growth ratio of 2.62 and a beta of 0.66. The business has a fifty day simple moving average of $134.51 and a 200-day simple moving average of $124.35.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th were paid a $0.81 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $3.24 annualized dividend and a yield of 2.34%. Cincinnati Financial’s dividend payout ratio is presently 21.56%.

Analyst Upgrades and Downgrades

CINF has been the topic of a number of recent research reports. Roth Mkm upped their target price on Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Citigroup raised shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $126.00 to $135.00 in a research report on Friday, June 28th. Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Bank of America increased their target price on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Cincinnati Financial has an average rating of “Moderate Buy” and an average target price of $136.29.

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.