Cincinnati Financial Corporation (NASDAQ:CINF) is expected to report second quarter earnings results, after market close, on Monday 27th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.39 per share.
Looking ahead, the full year income are expected at $ 3.15 per share on the revenues of $ 4783.55 million.
Previous Quarter Performance
Cincinnati Financial Corporation unfold income for the first quarter of $ 0.84 per share, from the revenue of $ 1,456.00 million. The quarterly earnings decreased 20.00 percent while revenues decreased 32.56 percent compared with the same quarter last year.
Street analysts expected Cincinnati Financial Corporation to report income of $ 1.04 per share on revenue of $ 1598.10 million for the first quarter. The bottom line results missed street analysts by $ 0.2 or 19.23 percent, at the same time, top line results fell short of analysts by $ 142.1 million or 8.89 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CINF was $ 83.23, representing a 80.66 % increase from the 52 week low of $ 46.07 and a 29.58 % decrease over the 52 week high of $ 118.19.
The company has a market capital of $ 13.38 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
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Recent Analyst recommendations
- On 16th June 2020, upgraded by Deutsche Bank to Hold from Sell rating.
Recent Stock Dividend Announcement
On May 4, 2020, the board of directors authorized quarterly dividend of $ 0.60 per share to holders of record as of the close of business on June 17, 2020, with payment date of July 15, 2020 and ex-dividend date on June 16, 2020.
Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers compensation.
