Lorillard (LO) to Release Quarterly Earnings on Thursday

Lorillard (NYSE:LO) is scheduled to issue its Q314 quarterly earnings data on Thursday, October 23rd. Analysts expect the company to announce earnings of $0.90 per share and revenue of $1.33 billion for the quarter.

Lorillard (NYSE:LO) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.84 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.89 by $0.05. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the company posted $0.81 earnings per share. Lorillard’s revenue was up .7% compared to the same quarter last year. On average, analysts expect Lorillard to post $3.38 EPS for the current fiscal year and $3.68 EPS for the next fiscal year.

Shares of Lorillard (NYSE:LO) traded down 0.39% during mid-day trading on Wednesday, hitting $60.52. 1,355,289 shares of the company’s stock traded hands. Lorillard has a 52 week low of $46.48 and a 52 week high of $67.46. The stock has a 50-day moving average of $59.62 and a 200-day moving average of $59.60. The company has a market cap of $21.788 billion and a price-to-earnings ratio of 20.08.

A number of research firms have recently commented on LO. Analysts at Zacks reiterated a “neutral” rating on shares of Lorillard in a research note on Tuesday, September 30th. They now have a $63.00 price target on the stock. On a related note, analysts at Morgan Stanley upgraded shares of Lorillard from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, August 5th. They now have a $65.00 price target on the stock, up previously from $57.00. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $60.71.

Lorillard, Inc (NYSE:LO), through its subsidiaries, is engaged in the manufacture and sale of cigarettes and electronic cigarettes.