Equities research analysts expect that Genworth Financial (NYSE:GNW) will post earnings per share of $0.23 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Genworth Financial’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.27. Genworth Financial reported earnings of $0.29 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 20.7%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, May 1st.
On average, analysts expect that Genworth Financial will report full year earnings of $0.90 per share for the current financial year, with EPS estimates ranging from $0.79 to $1.00. For the next year, analysts anticipate that the firm will report earnings of $0.89 per share, with EPS estimates ranging from $0.79 to $0.99. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Genworth Financial.
Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.45. Genworth Financial had a return on equity of 4.63% and a net margin of 9.85%. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter in the previous year, the business earned ($0.27) earnings per share. The company’s revenue was down 23.3% on a year-over-year basis.
Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods restated a “hold” rating on shares of Genworth Financial in a research note on Thursday, April 12th. Zacks Investment Research cut Genworth Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. ValuEngine cut Genworth Financial from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Wells Fargo set a $3.00 price target on Genworth Financial and gave the stock a “hold” rating in a research note on Thursday, March 1st. Finally, TheStreet upgraded Genworth Financial from a “d+” rating to a “c” rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $3.50.
Several institutional investors and hedge funds have recently modified their holdings of GNW. Webster Bank N. A. bought a new stake in shares of Genworth Financial in the fourth quarter worth $110,000. Xact Kapitalforvaltning AB bought a new stake in shares of Genworth Financial in the fourth quarter worth $162,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Genworth Financial by 52.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 55,077 shares of the financial services provider’s stock worth $171,000 after acquiring an additional 18,868 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Genworth Financial by 28.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 102,015 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 22,307 shares during the period. Finally, Financial Gravity Companies Inc. bought a new stake in shares of Genworth Financial in the fourth quarter worth $322,000. 67.34% of the stock is owned by institutional investors.
GNW stock opened at $2.78 on Tuesday. Genworth Financial has a 1-year low of $2.66 and a 1-year high of $4.16. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $1,362.80, a PE ratio of 2.00, a price-to-earnings-growth ratio of 0.61 and a beta of 2.38.
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Genworth Financial Company Profile
Genworth Financial, Inc provides insurance and homeownership solutions in the United States and internationally. It operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans.
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