Zacks: Brokerages Expect Horace Mann Educators Co. (NYSE:HMN) to Post $0.94 EPS

Brokerages expect Horace Mann Educators Co. (NYSE:HMNGet Rating) to post earnings of $0.94 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Horace Mann Educators’ earnings. The lowest EPS estimate is $0.90 and the highest is $0.97. Horace Mann Educators posted earnings per share of $1.10 during the same quarter last year, which would suggest a negative year over year growth rate of 14.5%. The business is scheduled to announce its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Horace Mann Educators will report full year earnings of $3.60 per share for the current fiscal year, with EPS estimates ranging from $3.50 to $3.70. For the next fiscal year, analysts expect that the company will report earnings of $3.83 per share, with EPS estimates ranging from $3.75 to $3.90. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Horace Mann Educators.

Horace Mann Educators (NYSE:HMNGet Rating) last posted its earnings results on Tuesday, February 1st. The insurance provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.25. Horace Mann Educators had a net margin of 10.74% and a return on equity of 8.51%. The business had revenue of $331.40 million for the quarter, compared to analysts’ expectations of $333.40 million. During the same period in the previous year, the company posted $1.13 earnings per share. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year.

A number of research firms have recently commented on HMN. Zacks Investment Research cut shares of Horace Mann Educators from a “buy” rating to a “hold” rating in a research report on Tuesday, April 5th. StockNews.com began coverage on shares of Horace Mann Educators in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

In related news, SVP Kimberly A. Johnson sold 1,500 shares of Horace Mann Educators stock in a transaction on Thursday, February 10th. The shares were sold at an average price of $41.27, for a total value of $61,905.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its stake in Horace Mann Educators by 1.2% during the third quarter. Franklin Resources Inc. now owns 3,165,964 shares of the insurance provider’s stock valued at $125,973,000 after purchasing an additional 39,045 shares during the last quarter. Earnest Partners LLC increased its stake in Horace Mann Educators by 0.5% during the fourth quarter. Earnest Partners LLC now owns 2,976,829 shares of the insurance provider’s stock valued at $115,203,000 after purchasing an additional 14,740 shares during the last quarter. State Street Corp increased its stake in Horace Mann Educators by 3.3% during the fourth quarter. State Street Corp now owns 1,520,631 shares of the insurance provider’s stock valued at $58,848,000 after purchasing an additional 48,589 shares during the last quarter. KEMPER Corp bought a new stake in Horace Mann Educators during the third quarter valued at $32,573,000. Finally, New York State Common Retirement Fund increased its stake in Horace Mann Educators by 21.2% during the third quarter. New York State Common Retirement Fund now owns 793,648 shares of the insurance provider’s stock valued at $31,579,000 after purchasing an additional 138,839 shares during the last quarter. Hedge funds and other institutional investors own 98.81% of the company’s stock.

Shares of NYSE HMN traded down $0.19 during trading on Monday, reaching $40.60. 140,531 shares of the stock were exchanged, compared to its average volume of 211,732. The business’s 50-day moving average price is $41.06 and its 200 day moving average price is $39.74. Horace Mann Educators has a twelve month low of $36.21 and a twelve month high of $42.95. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 11.98 and a beta of 0.54.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Thursday, March 17th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend was Wednesday, March 16th. This is a positive change from Horace Mann Educators’s previous quarterly dividend of $0.31. Horace Mann Educators’s payout ratio is 37.76%.

About Horace Mann Educators (Get Rating)

Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. It operates in three segments: Property & Casualty, Life & Retirement, and Supplemental & Group Benefits. The company underwrites and markets personal lines of property and casualty insurance, including personal lines auto and property insurance products; supplemental insurance products, which include cancer, heart, hospital, supplemental disability, and accident coverages; retirement products, such as tax-qualified fixed and variable annuities; and life insurance products comprising whole life and term, as well as indexed universal life insurance products.

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Earnings History and Estimates for Horace Mann Educators (NYSE:HMN)

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