Horace Mann Educators (NYSE:HMN – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.40-2.70 for the period, compared to the consensus earnings per share estimate of $3.04. Horace Mann Educators also updated its FY 2024 guidance to 2.400-2.700 EPS.
Horace Mann Educators Trading Down 1.3 %
Shares of HMN stock traded down $0.46 on Friday, hitting $34.11. 545,925 shares of the stock traded hands, compared to its average volume of 230,054. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.08 and a current ratio of 0.08. Horace Mann Educators has a twelve month low of $27.81 and a twelve month high of $39.25. The firm’s 50-day moving average price is $33.58 and its two-hundred day moving average price is $35.04. The stock has a market capitalization of $1.40 billion, a PE ratio of 21.87 and a beta of 0.28.
Horace Mann Educators (NYSE:HMN – Get Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The insurance provider reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.17). The firm had revenue of $386.00 million during the quarter, compared to analysts’ expectations of $398.35 million. Horace Mann Educators had a net margin of 4.26% and a return on equity of 6.95%. As a group, analysts anticipate that Horace Mann Educators will post 2.95 EPS for the current year.
Horace Mann Educators Announces Dividend
Analyst Ratings Changes
HMN has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price objective on Horace Mann Educators from $42.00 to $40.00 and set an outperform rating for the company in a research report on Friday. StockNews.com downgraded shares of Horace Mann Educators from a buy rating to a hold rating in a research note on Tuesday, April 16th. Piper Sandler dropped their target price on shares of Horace Mann Educators from $37.00 to $35.00 and set a neutral rating for the company in a report on Friday, June 28th. Finally, JMP Securities restated a market perform rating on shares of Horace Mann Educators in a research report on Tuesday, June 18th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $37.50.
Get Our Latest Stock Report on HMN
Horace Mann Educators Company Profile
Horace Mann Educators Corporation, together with its subsidiaries, operates as an insurance holding company in the United States. The company operates through Property & Casualty, Life & Retirement, and Supplemental & Group Benefits segments. Its Property & Casualty segment offers insurance products, including private passenger auto insurance, residential home insurance, and personal umbrella insurance; and provides auto coverages including liability and collision, and property coverage for homeowners and renters.
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