Cincinnati Financial Corp (NASDAQ: CINF) has reported earnings for its second fiscal quarter (ending June 30) of $1.99 versus $3.40 for the same period a year ago — a decline of -41%. However, this result exceeded the consensus estimate of $1.02 by $0.97. For the latest four quarters through June 30, E.P.S. were $13.73 versus $8.65 for the same period a year ago — an increase of 59%.
Recent Price Action
On 7/25/24, Cincinnati Financial Corp (NASDAQ: CINF) stock rose slightly by 0.2%, closing at $120.30. Moreover, trading volume in this advance was above average at 121% of normal. Relative to the market the stock has been strong over the last nine months but has declined -5.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CINF is expected to continue to be a modest Value Builder.
Cincinnati Financial has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Cincinnati Financial has a neutral Appreciation Score of 44 but a good Power Rating of 84, leading to the Positive Value Trend Rating.
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.
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