Genworth MI Canada Inc (TSE:MIC) – Investment analysts at National Bank Financial issued their FY2020 earnings estimates for shares of Genworth MI Canada in a report released on Monday, October 29th. National Bank Financial analyst J. Gloyn anticipates that the company will earn $5.57 per share for the year. National Bank Financial has a “C$45.25” rating and a $51.00 price target on the stock.
MIC has been the topic of a number of other research reports. Royal Bank of Canada raised their price objective on shares of Genworth MI Canada from C$43.00 to C$44.00 and gave the stock a “sector perform” rating in a report on Wednesday. TD Securities raised shares of Genworth MI Canada from a “hold” rating to a “buy” rating and dropped their price objective for the stock from C$47.00 to C$43.00 in a report on Wednesday. CIBC dropped their price objective on shares of Genworth MI Canada from C$48.50 to C$45.00 in a report on Tuesday, October 23rd. Finally, BMO Capital Markets raised their price objective on shares of Genworth MI Canada from C$51.00 to C$52.00 in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of C$47.00.
MIC opened at C$44.50 on Wednesday. Genworth MI Canada has a 12-month low of C$38.00 and a 12-month high of C$46.75.
Genworth MI Canada (TSE:MIC) last posted its quarterly earnings data on Tuesday, July 31st. The company reported C$1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.21 by C$0.10. The company had revenue of C$171.27 million for the quarter, compared to the consensus estimate of C$172.00 million. Genworth MI Canada had a net margin of 70.53% and a return on equity of 13.53%.
In other Genworth MI Canada news, Director Cecilia Carbonelli sold 2,529 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of C$43.75, for a total transaction of C$110,643.75.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 29th. Investors of record on Monday, November 12th will be issued a $0.51 dividend. This is an increase from Genworth MI Canada’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.58%.
Genworth MI Canada Company Profile
See Also: Earnings Per Share (EPS)
Receive News & Ratings for Genworth MI Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genworth MI Canada and related companies with MarketBeat.com's FREE daily email newsletter.