Leucadia National Corp. (NYSE:LUK) – Equities research analysts at Oppenheimer increased their Q2 2018 earnings per share estimates for shares of Leucadia National in a note issued to investors on Monday. Oppenheimer analyst C. Kotowski now expects that the conglomerate will earn $0.42 per share for the quarter, up from their prior estimate of $0.35. Oppenheimer also issued estimates for Leucadia National’s FY2018 earnings at $1.82 EPS and FY2019 earnings at $1.90 EPS.
Leucadia National (NYSE:LUK) last announced its quarterly earnings data on Thursday, February 22nd. The conglomerate reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Leucadia National had a net margin of 1.81% and a return on equity of 6.25%. The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter last year, the firm posted $0.37 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis.
A number of other research analysts also recently commented on the stock. Zacks Investment Research raised shares of Leucadia National from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Thursday, February 1st. TheStreet downgraded shares of Leucadia National from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd.
Leucadia National (NYSE LUK) opened at $24.07 on Wednesday. Leucadia National has a 12-month low of $22.23 and a 12-month high of $28.30. The company has a market cap of $8,521.57, a PE ratio of 54.71, a PEG ratio of 0.82 and a beta of 1.30. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.64 and a quick ratio of 0.64.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Monday, March 19th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Friday, March 16th. Leucadia National’s payout ratio is 90.91%.
Several hedge funds have recently made changes to their positions in the stock. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Leucadia National by 2.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 99,831 shares of the conglomerate’s stock worth $2,531,000 after buying an additional 2,000 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in shares of Leucadia National by 3.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 69,563 shares of the conglomerate’s stock worth $1,843,000 after buying an additional 2,061 shares during the period. Synovus Financial Corp boosted its holdings in shares of Leucadia National by 21.5% during the 3rd quarter. Synovus Financial Corp now owns 11,956 shares of the conglomerate’s stock worth $302,000 after buying an additional 2,116 shares during the period. Intrepid Capital Management Inc. boosted its holdings in shares of Leucadia National by 0.4% during the 3rd quarter. Intrepid Capital Management Inc. now owns 657,770 shares of the conglomerate’s stock worth $16,609,000 after buying an additional 2,745 shares during the period. Finally, Wealthfront Inc. boosted its holdings in shares of Leucadia National by 21.0% during the 4th quarter. Wealthfront Inc. now owns 17,217 shares of the conglomerate’s stock worth $456,000 after buying an additional 2,987 shares during the period. 74.81% of the stock is owned by institutional investors and hedge funds.
About Leucadia National
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.