Genworth MI Canada (MIC) Set to Announce Quarterly Earnings on Tuesday

Genworth MI Canada (TSE:MIC) is scheduled to announce its earnings results after the market closes on Tuesday, February 6th. Analysts expect the company to announce earnings of C$1.21 per share for the quarter.

Genworth MI Canada (TSE:MIC) last issued its quarterly earnings data on Thursday, November 2nd. The company reported C$1.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$1.16 by C$0.06. Genworth MI Canada had a net margin of 67.54% and a return on equity of 14.53%.

Genworth MI Canada (TSE:MIC) opened at C$42.86 on Tuesday. The firm has a market cap of $3,900.00, a P/E ratio of 7.36 and a beta of 1.75. Genworth MI Canada has a 52-week low of C$30.38 and a 52-week high of C$44.49.

A number of research analysts recently weighed in on MIC shares. TD Securities downgraded shares of Genworth MI Canada from a “buy” rating to a “hold” rating and increased their price objective for the company from C$45.00 to C$46.00 in a research report on Thursday, December 7th. CIBC downgraded shares of Genworth MI Canada from an “outperform” rating to a “neutral” rating and increased their price objective for the company from C$45.00 to C$46.00 in a research report on Monday, November 6th. National Bank Financial increased their price objective on shares of Genworth MI Canada from C$46.00 to C$48.00 and gave the company an “outperform” rating in a research report on Thursday, December 7th. Scotiabank increased their price objective on shares of Genworth MI Canada from C$40.00 to C$44.00 and gave the company a “sector perform” rating in a research report on Monday, November 6th. Finally, Royal Bank of Canada cut shares of Genworth MI Canada from a “sector perform” rating to an “underperform” rating and upped their target price for the company from C$40.00 to C$41.00 in a report on Monday, November 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Genworth MI Canada presently has an average rating of “Hold” and an average target price of C$44.67.

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About Genworth MI Canada

Genworth MI Canada Inc, through its subsidiary, Genworth Financial Mortgage Insurance Company Canada, operates as a private-sector residential mortgage insurer. The Company provides mortgage default insurance to Canadian residential mortgage lenders. It underwrites mortgage insurance for residential properties in various provinces and territories of Canada.

Earnings History for Genworth MI Canada (TSE:MIC)

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