Tower Group International (TWGP) to Release Earnings on Thursday
Tower Group International (NASDAQ:TWGP) is set to release its Q3 earnings data after the market closes on Thursday, January 9th.
Tower Group International (NASDAQ:TWGP) last posted its quarterly earnings results on Friday, November 22nd. The company reported ($5.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $5.53. On average, analysts expect Tower Group International to post $-5.54 EPS for the current fiscal year and $0.47 EPS for the next fiscal year.
Tower Group International (NASDAQ:TWGP) opened at 2.93 on Wednesday. Tower Group International has a 52 week low of $2.41 and a 52 week high of $22.30. The stock’s 50-day moving average is $3.54 and its 200-day moving average is $10.56. The company’s market cap is $168.3 million.
TWGP has been the subject of a number of recent research reports. Analysts at Guggenheim downgraded shares of Tower Group International from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. On a related note, analysts at Zacks downgraded shares of Tower Group International from a “neutral” rating to an “underperform” rating in a research note to investors on Monday. They now have a $2.75 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods cut their price target on shares of Tower Group International from $4.50 to $3.75 in a research note to investors on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Tower Group International currently has an average rating of “Hold” and an average price target of $6.90.
Tower Group, Inc (NASDAQ:TWGP), through its subsidiaries, offers a range of commercial, personal and specialty property and casualty insurance products and services to businesses in various industries and to individuals.
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