Loews Corporation (NYSE:L) is anticipated to declare lower Q1 earnings on Monday, April 29, 2013 with analysts predicting a 15.2 percent decreased in earnings from a year before. The consensus predicts is 84 cents a share, dropped from earnings of 99 cents a share a year before.
The consensus anticipates has dropped from 85 cents in excess of the previous month. The analysts are prediction earnings of $3.34 a share, for the fiscal year. The revenue is anticipated to roll in at $13.29B for the year.
The firm’s revenue has surged for two straight quarters. In Q4 of the previous fiscal year, revenue surged 6.5 percent to $3.71B from the year previous quarter. In the Q3 of the previous fiscal year, the figure increased 8.1 percent.
Shares of Loews Corporation (NYSE:L) traded at $45.20 by increasing +1.12% with price volatility of 1.57% for a week and 1.21% for a month plus price volatility’s Average True Range for 14 days was 0.59 and its beta stands at 1.18 times.
Stocks after opening at $44.72 hit high price of $45.20 and on last session stock held volume of 1.19 million shares which was unexpectedly lower than its average volume of 1.20 million shares.
Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was debt to equity ratio 0.47 and long-term debt to equity ratio also remained 0.47. The Company had total cash at hand $6.87 billion and a book value per share as $49.67 in the most recent quarter.
While investors who viewing Loews Corporation against other stocks with the reference of profit margin that are American International Group Inc (NYSE:AIG) having profit margin 11.81%, MGIC Investment Corp. (NYSE:MTG) with -67.26% profit margin, Hartford Financial Services Group Inc (NYSE:HIG) having -1.59% profit margin and Travelers Companies Inc (NYSE:TRV) having profit margin of 9.61%.
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