Horace Mann Educators (NYSE:HMN) Issues Q2 Earnings Guidance

Horace Mann Educators (NYSE:HMN) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.18-0.20 for the period, compared to the consensus EPS estimate of $0.39. Horace Mann Educators also updated its FY24 guidance to $2.40-2.70 EPS.

Horace Mann Educators Price Performance

Shares of HMN traded up $0.25 during mid-day trading on Thursday, hitting $34.57. 188,646 shares of the company were exchanged, compared to its average volume of 227,793. 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 1-year low of $27.81 and a 1-year high of $39.25. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 22.00 and a beta of 0.28. The company has a 50 day moving average of $33.60 and a 200-day moving average of $35.04.

Horace Mann Educators (NYSE:HMN) last announced its earnings results on Wednesday, May 8th. The insurance provider reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.17). The business had revenue of $386.00 million for the quarter, compared to analyst estimates of $398.35 million. Horace Mann Educators had a return on equity of 6.95% and a net margin of 4.26%. Analysts expect that Horace Mann Educators will post 2.95 EPS for the current fiscal year.

Horace Mann Educators Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 13th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.36 annualized dividend and a dividend yield of 3.93%. Horace Mann Educators’s dividend payout ratio is presently 87.18%.

Analysts Set New Price Targets

Several research firms recently issued reports on HMN. Piper Sandler cut their price objective on shares of Horace Mann Educators from $37.00 to $35.00 and set a neutral rating for the company in a research report on Friday, June 28th. JMP Securities restated a market perform rating on shares of Horace Mann Educators in a report on Tuesday, June 18th. Finally, StockNews.com lowered shares of Horace Mann Educators from a buy rating to a hold rating in a report on Tuesday, April 16th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $37.50.

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.