Leucadia National Corp. (NYSE:LUK) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus price objective of $31.00 for the company and are forecasting that the company will post $0.67 EPS for the current quarter, according to Zacks. Zacks has also given Leucadia National Corp. an industry rank of 102 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded Leucadia National Corp. from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a report on Tuesday, January 10th.
In related news, Chairman Joseph S. Steinberg sold 200,000 shares of the stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $24.87, for a total value of $4,974,000.00. Following the completion of the sale, the chairman now directly owns 1,792,687 shares in the company, valued at $44,584,125.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of LUK. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Leucadia National Corp. by 0.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,574 shares of the conglomerate’s stock worth $432,000 after buying an additional 49 shares during the last quarter. Wall Street Access Asset Management LLC boosted its stake in shares of Leucadia National Corp. by 1.9% in the fourth quarter. Wall Street Access Asset Management LLC now owns 11,262 shares of the conglomerate’s stock worth $262,000 after buying an additional 208 shares during the period. Wedbush Securities Inc. boosted its stake in shares of Leucadia National Corp. by 0.5% in the third quarter. Wedbush Securities Inc. now owns 47,267 shares of the conglomerate’s stock worth $900,000 after buying an additional 214 shares during the period. US Bancorp DE boosted its stake in shares of Leucadia National Corp. by 0.5% in the third quarter. US Bancorp DE now owns 46,663 shares of the conglomerate’s stock worth $889,000 after buying an additional 236 shares during the period. Finally, Creative Planning boosted its stake in shares of Leucadia National Corp. by 1.9% in the third quarter. Creative Planning now owns 14,900 shares of the conglomerate’s stock worth $284,000 after buying an additional 272 shares during the period. Institutional investors and hedge funds own 72.47% of the company’s stock.
Shares of Leucadia National Corp. (NYSE:LUK) traded down 1.01% during trading on Monday, hitting $25.54. The stock had a trading volume of 625,748 shares. Leucadia National Corp. has a 12-month low of $15.48 and a 12-month high of $27.33. The stock has a market capitalization of $9.19 billion, a P/E ratio of 75.79 and a beta of 1.31. The stock’s 50-day moving average is $26.19 and its 200-day moving average is $23.19.
Leucadia National Corp. (NYSE:LUK) last posted its quarterly earnings data on Monday, February 27th. The conglomerate reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.14. The business earned $2.75 billion during the quarter, compared to the consensus estimate of $2.59 billion. Leucadia National Corp. had a return on equity of 0.74% and a net margin of 0.70%. Leucadia National Corp.’s revenue was up 10.0% compared to the same quarter last year. Analysts predict that Leucadia National Corp. will post $1.69 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Monday, March 20th were issued a $0.0625 dividend. The ex-dividend date of this dividend was Thursday, March 16th. This represents a $0.25 dividend on an annualized basis and a yield of 0.97%. Leucadia National Corp.’s payout ratio is 54.55%.
Leucadia National Corp. Company Profile
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.
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