EPS for Loews Corporation (L) Expected At $0.73

October 13, 2017 - By Michael Collier

 EPS for Loews Corporation (L) Expected At $0.73
Investors sentiment increased to 1.31 in 2017 Q2. Its up 0.30, from 1.01 in 2017Q1. It improved, as 27 investors sold Loews Corporation shares while 125 reduced holdings. 54 funds opened positions while 145 raised stakes. 194.17 million shares or 0.09% less from 194.35 million shares in 2017Q1 were reported.
Two Sigma Secs Limited Liability holds 0.05% or 5,653 shares in its portfolio. Tiaa Cref Invest Ltd Llc stated it has 556,616 shares or 0.02% of all its holdings. Tower Research Cap Limited Liability Corporation (Trc) invested 0% of its portfolio in Loews Corporation (NYSE:L). Caisse De Depot Et Placement Du Quebec reported 86,701 shares. Gateway Investment Advisers Lc accumulated 17,928 shares. Jefferies Gru Limited Liability Corp holds 75,692 shares or 0.02% of its portfolio. Capstone Asset reported 47,980 shares. Cornerstone Incorporated has 0.02% invested in Loews Corporation (NYSE:L). Cantab Cap Partners Llp has 0% invested in Loews Corporation (NYSE:L) for 12,902 shares. Advisor Prtnrs Ltd Liability Company, a California-based fund reported 5,782 shares. First Manhattan Company holds 0.13% in Loews Corporation (NYSE:L) or 319,504 shares. James Inv reported 0.04% in Loews Corporation (NYSE:L). Marshall Wace Limited Liability Partnership holds 48,579 shares. Livforsakringsbolaget Skandia Omsesidigt has invested 0.07% in Loews Corporation (NYSE:L). Commonwealth Bankshares Of Aus holds 0.31% or 654,351 shares.

Investors wait Loews Corporation (NYSE:L) to report on October, 30. its quarterly earnings Wall Street analysts expect $0.73 EPS, down $0.24 or 24.74 % from last year’s $0.97 same quarter earnings. This translates into $245.92M profit for L giving the stock a 16.73 P/E. This is assuming the current $0.73 EPS is accurate. Loews Corporation’s Wall Street analysts see -3.95 % negative EPS growth, taking into account the $0.76 EPS reproted in the previous quarter, The stock increased 0.33% or $0.16 during the last trading session, reaching $48.86. About 821,497 shares traded or 3.77% up from the average. Loews Corporation (NYSE:L) has risen 15.12% since October 13, 2016 and is uptrending. It has underperformed by 1.58% the S&P500.

Loews Corporation is a holding company. The company has market cap of $16.46 billion. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore gas and oil drilling rigs; transportation and storage of natural gas and natural gas liquids, and operation of a chain of hotels. It has a 14.43 P/E ratio. The Firm has five divisions consisted of its four individual operating subsidiaries, CNA Financial Corporation , Diamond Offshore Drilling, Inc. (Diamond Offshore), Boardwalk Pipeline Partners, LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels), and the Corporate segment.

Another recent and important Loews Corporation (NYSE:L) news was published by Prnewswire.com which published an article titled: “Loews Corporation to Release Third Quarter 2017 Results on October 30, 2017” on October 10, 2017.

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