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.
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