CNA Financial Corporation (NYSE:CNA) is reporting second quarter financial results on Monday 3rd August 2020, before market open.
According to analysts surveyed by Thomson Reuters, CNA is expected to report 2Q20 income of $ 0.36 per share from revenue of $ 2764.00 million.
For the full year, analysts anticipate top line of $ 10767.00 million, while looking forward to income of $ 2.41 per share bottom line.
Previous Quarter Performance
CNA Financial Corporation unveiled income for the first quarter of $ 0.40 per share, from the revenue of $ 2,291.00 million. The quarterly earnings down 65.81 percent while revenues fell 14.00 percent compared with the same quarter last year.
Wall street analysts are predicting, CNA to report 1Q20 income of $ 0.68 per share from revenue of $ 2679.50 million. The bottom line results missed street analysts by $ 0.28 or 41.18 percent, at the same time, top line results fell short of analysts by $ 388.5 million or 14.5 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CNA was $ 33.30, representing a 32.25 % increase from the 52 week low of $ 25.18 and a 35.09 % decrease over the 52 week high of $ 51.30.
The company has a market capital of $ 9.04 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.37 per share on May 4, 2020. The dividend were payable on June 4, 2020 to holders of record as of the close of business on May 18, 2020 and ex-dividend date on May 15, 2020.
Conference Call
CNA Financial Corporation will be hosting a conference call at 9:00 AM eastern time on 3rd August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cna.com
CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products. The company also provides property insurance products, such as property, marine, boiler, and machinery coverages; casualty insurance products comprising workers compensation, general and product liability, commercial auto, and umbrella coverages; specialized loss-sensitive insurance programs and total risk management services; and run-off long term policies.
