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Company Update: Loews Corporation (NYSE:L) – Loews Corporation to Release Fourth Quarter 2015 Results on February 8

[PR Newswire] – NEW YORK, Jan. 12, 2016 /PRNewswire/ — Loews Corporation (NYSE: L) will report fourth quarter 2015 financial results on Monday, February 8, 2016. A conference call for analysts and investors will begin … Read more on this. Loews Corporation (L) , valued at $12.79B, started trading this morning at $36.14. Looking at today’s trading action, the company’s one day range from $36.00 to $36.26 with the price of the stock fluctuating between $34.40 to $42.78 over the last 52 weeks. Loews (L) shares are currently priced at 13.75x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.05x earnings multiple for the same period. And for passive income investors, the company pays shareholders $0.25 per share annually in dividends, yielding 0.70%. Consensus earnings for the current quarter by the 3 sell-side analysts covering the stock is an estimate of $0.76 per share, which would be $0.06 better than the year-ago quarter and a $0.07 sequential increase. The full-year EPS estimate is $2.63, which would be a $0.04 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $0.00 . If realized, that would be a 0.00% decrease over the year-ago quarter. Recently, Deutsche Bank downgraded L from Buy to Hold (Mar 24, 2014). Previously, Deutsche Bank Initiated L at to Buy. The average price target for L shares by the analysts covering the stock is $39.50, which is 9.30% above where the stock opened this morning. See more in (NYSE:L) Similar Articles: Company Update: Dover Corporation (NYSE:DOV) – Dover Announces Fourth Quarter 2015 Earnings Release Date, Conference Call and Webcast Stock Update (NYSE:ETN): Eaton to Announce Fourth Quarter 2015 Earnings on February 3, 2016 Stock Update (NASDAQ:CERN): Cerner to Release Fourth Quarter 2015 Earnings Results February 16
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