Genworth Financial (GNW) Scheduled to Post Quarterly Earnings on Tuesday
Genworth Financial (NYSE:GNW) is set to issue its Q313 quarterly earnings data on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $2.39 billion for the quarter.
Genworth Financial (NYSE:GNW) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.28 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.28. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the company posted $0.16 earnings per share. Genworth Financial’s revenue was down 1.3% compared to the same quarter last year. On average, analysts expect Genworth Financial to post $1.10 EPS for the current fiscal year and $1.45 EPS for the next fiscal year.
Genworth Financial (NYSE:GNW) opened at 14.25 on Monday. Genworth Financial has a 52-week low of $5.07 and a 52-week high of $13.79. The stock’s 50-day moving average is $12.4 and its 200-day moving average is $11.1. The company has a market cap of $7.036 billion and a price-to-earnings ratio of 15.96.
A number of research firms have recently commented on GNW. Analysts at UBS AG reiterated a “hold” rating on shares of Genworth Financial in a research note to investors on Monday, October 21st. They now have a $13.00 price target on the stock. On the ratings front, analysts at Keefe, Bruyette & Woods raised their price target on shares of Genworth Financial from $13.00 to $14.50 in a research note to investors on Monday, October 21st. They now have a “market perform” rating on the stock. Finally, analysts at BTIG Research upgraded shares of Genworth Financial from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, October 8th. They now have a $17.50 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $13.33.
In other Genworth Financial news, VP Kelly L. Groh sold 8,000 shares of Genworth Financial stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $14.00, for a total transaction of $112,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Genworth Financial, Inc (NYSE:GNW) is a financial security company.
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