Analysts Set Expectations for Genworth MI Canada Inc’s FY2018 Earnings (MIC)

Genworth MI Canada Inc (TSE:MIC) – Investment analysts at National Bank Financial dropped their FY2018 EPS estimates for shares of Genworth MI Canada in a research note issued to investors on Monday, October 29th. National Bank Financial analyst J. Gloyn now expects that the company will earn $5.16 per share for the year, down from their previous estimate of $5.35. National Bank Financial has a “C$45.25” rating and a $51.00 price target on the stock. National Bank Financial also issued estimates for Genworth MI Canada’s FY2019 earnings at $5.35 EPS.

A number of other equities research analysts have also recently commented on the stock. CIBC raised their price target on shares of Genworth MI Canada from C$46.00 to C$48.50 in a report on Wednesday, August 1st. BMO Capital Markets raised their price target on shares of Genworth MI Canada from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a report on Thursday. Royal Bank of Canada raised their price target 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. Finally, TD Securities upgraded shares of Genworth MI Canada from a “hold” rating to a “buy” rating and reduced their price target for the stock from C$47.00 to C$43.00 in a report on Wednesday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$47.00.

TSE:MIC opened at C$43.24 on Thursday. 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 results on Tuesday, July 31st. The company reported C$1.31 EPS for the quarter, topping analysts’ consensus estimates of C$1.21 by C$0.10. The business had revenue of C$171.27 million during the quarter, compared to analysts’ expectations 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 news, Director Cecilia Carbonelli sold 2,529 shares of Genworth MI Canada stock in a transaction dated 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. Stockholders of record on Monday, November 12th will be issued a dividend of $0.51 per share. This is a boost from Genworth MI Canada’s previous quarterly dividend of $0.47. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend is Thursday, November 8th.

Genworth MI Canada Company Profile

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Earnings History and Estimates for Genworth MI Canada (TSE:MIC)

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