Assurant (NYSE:AIZ) is scheduled to post its quarterly earnings results after the market closes on Monday, February 5th.
Assurant (NYSE:AIZ) last announced its quarterly earnings results on Thursday, November 2nd. The financial services provider reported ($1.40) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.79) by $0.39. Assurant had a net margin of 3.67% and a return on equity of 3.55%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period last year, the firm earned $1.00 EPS. The business’s quarterly revenue was down 13.5% compared to the same quarter last year. On average, analysts expect Assurant to post $4 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Assurant (AIZ) opened at $91.95 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.26. Assurant has a fifty-two week low of $86.00 and a fifty-two week high of $106.99. The company has a market cap of $4,894.35, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 0.60 and a beta of 0.59.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Monday, February 26th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Friday, February 23rd. Assurant’s payout ratio is 53.59%.
Separately, SunTrust Banks restated a “buy” rating and set a $115.00 price objective on shares of Assurant in a research report on Thursday, October 12th.
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Assurant Company Profile
Assurant, Inc is a provider of risk management solutions in the housing and lifestyle markets. The Company operates in North America, Latin America, Europe and Asia. The Company’s segments include Global Housing, Global Lifestyle and Global Preneed. Through its Global Housing segment, it provides lender-placed homeowners, manufactured housing and flood insurance; renters insurance and related products (multi-family housing business), and field services, valuation services and other property risk management services (mortgage solutions business).
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