Genworth Financial (GNW) Announces Quarterly Earnings Results, Beats Estimates By $0.08 EPS
Genworth Financial (NYSE:GNW) released its earnings data on Tuesday. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.08, American Banking News reports.
Genworth Financial (NYSE:GNW) traded up 1.47% during mid-day trading on Tuesday, hitting $14.51. The stock had a trading volume of 2,578,317 shares. Genworth Financial has a 52-week low of $8.08 and a 52-week high of $16.75. The stock has a 50-day moving average of $15.60 and a 200-day moving average of $13.95. The company has a market cap of $7.172 billion and a P/E ratio of 13.86. Genworth Financial also saw unusually large options trading activity on Tuesday. Stock investors acquired 12,996 call options on the stock. This represents an increase of approximately 138% compared to the typical daily volume of 5,469 call options.
A number of analysts have recently weighed in on GNW shares. Analysts at Compass Point initiated coverage on shares of Genworth Financial in a research note to investors on Tuesday, January 7th. They set a “buy” rating and a $22.00 price target on the stock. On a related note, analysts at UBS AG upgraded shares of Genworth Financial from a “neutral” rating to a “buy” rating in a research note to investors on Monday, January 6th. They now have a $18.00 price target on the stock, up previously from $13.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Genworth Financial in a research note to investors on Friday, December 20th. They now have a $16.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $16.44.
Genworth Financial, Inc (NYSE:GNW) is a financial security company.
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