Leucadia National Corp. (NYSE:LUK) – Investment analysts at Oppenheimer raised their Q2 2018 earnings per share estimates for shares of Leucadia National in a research note issued to investors on Monday, according to Zacks Investment Research. Oppenheimer analyst C. Kotowski now forecasts that the conglomerate will post earnings of $0.42 per share for the quarter, up from their previous forecast of $0.35. Oppenheimer also issued estimates for Leucadia National’s FY2018 earnings at $1.82 EPS and FY2019 earnings at $1.90 EPS.
Leucadia National (NYSE:LUK) last announced its earnings results on Thursday, February 22nd. The conglomerate reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Leucadia National had a return on equity of 6.25% and a net margin of 1.81%. The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter last year, the business posted $0.37 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis.
Shares of Leucadia National (NYSE:LUK) traded down $0.01 during mid-day trading on Wednesday, reaching $24.30. The company had a trading volume of 2,750,000 shares, compared to its average volume of 1,900,000. Leucadia National has a fifty-two week low of $22.23 and a fifty-two week high of $28.30. The company has a market capitalization of $8,660.00, a PE ratio of 14.38, a P/E/G ratio of 0.75 and a beta of 1.30. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.64 and a quick ratio of 0.64.
Several large investors have recently added to or reduced their stakes in LUK. Cerebellum GP LLC acquired a new position in shares of Leucadia National in the 4th quarter valued at $127,000. NEXT Financial Group Inc acquired a new position in shares of Leucadia National in the 3rd quarter valued at $134,000. Glenmede Trust Co. NA boosted its position in shares of Leucadia National by 21,382.8% in the 4th quarter. Glenmede Trust Co. NA now owns 6,230 shares of the conglomerate’s stock valued at $164,000 after purchasing an additional 6,201 shares during the period. Arthur M. Cohen & Associates LLC acquired a new position in shares of Leucadia National in the 4th quarter valued at $202,000. Finally, Savant Capital LLC acquired a new position in shares of Leucadia National in the 4th quarter valued at $204,000. Institutional investors and hedge funds own 75.41% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Monday, March 19th will be given a $0.10 dividend. The ex-dividend date is Friday, March 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.65%. Leucadia National’s dividend payout ratio (DPR) is 23.67%.
About Leucadia National
Leucadia National Corporation (Leucadia) is a diversified holding company focused on return on investment and long-term value. The Company’s segments, based on requirements are Jefferies, National Beef, and Corporate and other. Jefferies is a global full-service, integrated securities and investment banking firm.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Leucadia National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leucadia National and related companies with MarketBeat.com's FREE daily email newsletter.