CNO Financial Group Inc (NYSE: CNO) has reported earnings for its first fiscal quarter (ending March 31) of $1.03 versus a loss $-0.01 for the same period a year ago. This result exceeded the consensus estimate of $0.72 by $0.31. For the latest four quarters through March 31, E.P.S. were $3.48 versus $3.88 for the same period a year ago — a decline of -10%.
Recent Price Action
On 4/29/24, CNO Financial Group Inc (NYSE: CNO) stock increased 1.9%, closing at $26.89. Moreover, above average trading volume at 140% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 2.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CNO is expected to continue to be a Value Builder.
CNO Financial Group has a current Value Trend Rating of B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. CNO Financial Group has a slightly positive Appreciation Score of 61 and a good Power Rating of 79, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment