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

Jackson Financial (NYSE:JXN) is scheduled to post its quarterly 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 interested in participating in the company’s conference call can do so using this link.

Jackson Financial (NYSE:JXN) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $2.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($1.00). The company had revenue of $1.93 billion for 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 revenue for the quarter was up 3.3% on a year-over-year basis. 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 Trading Up 2.5 %

Shares of Jackson Financial stock opened at $71.16 on Monday. The firm has a market cap of $5.51 billion, a PE ratio of 7.25 and a beta of 1.54. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.41. Jackson Financial has a fifty-two week low of $26.70 and a fifty-two week high of $71.66. The business’s fifty day moving average is $63.70 and its two-hundred day moving average is $53.33.

Jackson Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.70 per share. This is a positive change from Jackson Financial’s previous quarterly dividend of $0.62. This represents a $2.80 annualized dividend and a dividend yield of 3.93%. The ex-dividend date was Monday, March 11th. Jackson Financial’s dividend payout ratio is presently 28.54%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Jackson Financial news, Director Derek G. Kirkland bought 3,500 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $55.67 per share, with a total value of $194,845.00. Following the completion of the transaction, the director now owns 37,726 shares in the company, valued at $2,100,206.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by company insiders.

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.