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Loews Corp  (L)
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Loews Corp

L's Financial Statements and Analysis



Loews Corp reported in the forth quarter of 2023 net earnings per share of $2.00 an increase by 30.34 % year on year from $1.53 and an improvement of 78.34 % from $1.12 realized in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ 2 $  4,258 Mill
$+0.47     +30.34 % $+465M     +12.26 %



Loews's Revenue rose by 12.26 % in forth quarter of 2023 (Dec 31 2023) year on year, to $4,258 million and advanced by 8.46 % sequentially.


Loews is

More on L's Income Statement



Loews's net income of $477.000 million in the forth quarter of 2023 increased by 22.94 % from net earnings of $388.000 million achieved in IV. Quarter a year ago.

Sequentially net earnings grew by 72.83 % from net income of $276.000 million realized in previous quarter.

More on L's Growth




Loews Inventories
In Dec 31 2023 company's net cash and cash equivalents decreased by $-363 million, capital expenditures fell by -2230.00%, to $-223 millions compare to same quarter a year ago

More on L's Cash flow Statement


Loews Corp payed out dividend of $0.25 per share in last 52 weeks representing 3.96 % of net earning per share in trailing twelve-month period.

During the same period Loews Corp earned $ 17.14 cash per share, on a free-cash flow basis 271.59 % of net earning per share.

Book value grew by 8.07 % sequentially to $72.48 per share, 140.46% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 70.96 per share from $ 65.54.

Company issued 1.99 million shares or 0.88 % in Dec 31 2023.
Interest Coverage Ratio was 6.31. Debt Coverage Ratio was 0.26.

More on L's Dividends

 Market Capitalization (Millions) 17,849
 Shares Outstanding (Millions) 228
 Total Debt (Millions $) 9,003
 Revenue (TTM) (Millions $) 15,901
 Net Income (TTM) (Millions $) 1,545
 Cash Flow (TTM) (Millions $) -133
 Capital Exp. (TTM) (Millions $) -686
 Dividend TTM ($) 0.25 $
 Dividend Yield TTM (%) 0.31 %
 Employees (TTM) $ 10,340




Loews Corp payed out dividend of $0.25 per share in the last 52 weeks representing 3.96 % of net earning per share in trailing twelve-month period.

During the same period Loews Corp had $ 17.14 cash flow per share, on a free-cash flow basis 271.59 % of net earning per share.

Book value grew by 8.07 % sequentially to $72.48 per share, 140.46% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 70.96 per share from $ 65.54.

Company issued 1.99 million shares or 0.88 % in Dec 31 2023.
Interest Coverage Ratio was 6.31. Debt Coverage Ratio was 0.26.

More on L's Balance Sheets

 Market Capitalization (Millions) 17,849
 Shares Outstanding (Millions) 228
 Total Debt (Millions $) 9,003
 Revenue (TTM) (Millions $) 15,901
 Net Income (TTM) (Millions $) 1,545
 Cash Flow (TTM) (Millions $) -133
 Capital Exp. (TTM) (Millions $) -686
 Dividend TTM ($) 0.25 $
 Dividend Yield TTM (%) 0.31 %
 Employees (TTM) $ 10,340
   


  News about Loews Corp Earnings

Impressive 12.259% Revenue Growth Achieved by Company, Fueling Success in the Fourth Quarter of 2023

Loews Corp, a diversified holding company engaged in various industries, recently experienced a drop in its stock price by -1.34% over the course...

Loews Corp Demonstrates Impressive Performance During Recent Fiscal Period, with Stellar Behavior by L Throughout2.

Loews Corp, a diversified holding company, has witnessed an upward trend in its stock performance over the past five trading days...

Loews Corp Surges Ahead with Double-Digit Revenue Growth in Q2 2023, Outshines Industry Peers

Loews Corp., a diversified holding company with interests in the property and casualty insurance sector, reported favorable financial results for the second quarter of 2023. The company's revenue reached $3.93 billion, showing a substantial increase of 16.116% compared to the same period last year. Furthermore, revenue surged by 3.992% from the previous quarter.
The impressive performance was also reflected in the net profit per share, which experienced a significant advancement of 116.44% to reach $1.58. However, sequentially, the net profit per share witnessed a slight decrease of -1.86%. Despite this minor setback, Loews Corp. outperformed its peers in the property and casualty insurance sector with ...

Double Digit Earnings per Share growth by 18.38 % at L all along the financial first quarter of 2023

There are several reasons to be bearish on Loews Corp based on their first quarter financials for 2023. Despite reporting growth in revenue and profitability, their return on average invested assets (ROI) of 1.54% is significantly below their average ROI of 2.76%. This is a cause for concern as it suggests that Loews Corp is not making the best use of the assets they have invested in and their overall financial performance may suffer as a result.
Additionally, within the financial sector, Loews Corp is far from being a top performer. In fact, 80 other companies achieved a higher ROI than Loews Corp, which is not a good sign. This indicates that Loews Corp is not competitive within their sector and may st...


Date modified: 2024-02-06T17:24:31+00:00





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