Jackson Financial (JXN) Set to Announce Quarterly Earnings on Wednesday

Jackson Financial (NYSE:JXN) will be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Jackson Financial to post earnings of $4.54 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $5.32 EPS for the quarter, beating the consensus estimate of $4.32 by $1.00. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the firm earned $3.34 earnings per share. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts expect Jackson Financial to post $19 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Jackson Financial Trading Up 0.6 %

Shares of JXN opened at $101.97 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.30 and a current ratio of 0.30. Jackson Financial has a 52-week low of $36.06 and a 52-week high of $102.37. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 2.70 and a beta of 1.50. The business’s fifty day moving average is $90.80 and its 200-day moving average is $81.06.

Jackson Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Thursday, September 5th. Jackson Financial’s dividend payout ratio is presently 7.40%.

Jackson Financial declared that its board has approved a stock repurchase plan on Wednesday, August 7th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the company to repurchase up to 10.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other Jackson Financial news, EVP Carrie Chelko sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $91.31, for a total value of $502,205.00. Following the transaction, the executive vice president now directly owns 61,829 shares of the company’s stock, valued at approximately $5,645,605.99. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Jackson Financial from $80.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, August 14th. Barclays boosted their price objective on shares of Jackson Financial from $109.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Jefferies Financial Group lifted their target price on Jackson Financial from $73.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Finally, Morgan Stanley upped their target price on Jackson Financial from $86.00 to $89.00 and gave the company an “equal weight” rating in a report on Monday, August 19th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $80.33.

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.