Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Loews Corporation (L) Stock Price
News headlines about Loews Corporation (NYSE:L) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Loews Corporation earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the insurance provider an impact score of 47.1066988797038 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s scoring:
- BRIEF-Loews Corp reports net income of $157 mln for Q3 (L, BWP, CNA, DO) (markets.businessinsider.com)
- Loews (L) Q3 Earnings Down Y/Y on Catastrophe Loss (Revised) (zacks.com)
- Loews Corp. Bottom Line Drops 52% In Q3 (rttnews.com)
- Loews Corporation 2017 Q3 – Results – Earnings Call Slides (seekingalpha.com)
- Loews posts 3Q profit (finance.yahoo.com)
Loews Corporation (NYSE:L) last issued its quarterly earnings results on Monday, October 30th. The insurance provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.44. Loews Corporation had a net margin of 7.04% and a return on equity of 4.08%. The firm had revenue of $3.52 billion during the quarter. During the same period last year, the company earned $0.89 earnings per share. Loews Corporation’s revenue for the quarter was up 7.1% on a year-over-year basis.
Several equities research analysts have recently weighed in on L shares. BidaskClub raised shares of Loews Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research raised shares of Loews Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, ValuEngine downgraded shares of Loews Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $39.00.
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About Loews Corporation
Loews Corporation is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids, and operation of a chain of hotels. The Company has five segments consisted of its four individual operating subsidiaries, CNA Financial Corporation (CNA), Diamond Offshore Drilling, Inc (Diamond Offshore), Boardwalk Pipeline Partners, LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels), and the Corporate segment.
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