Genworth Financial (GNW) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS
Genworth Financial (NYSE:GNW) posted its quarterly earnings results on Tuesday. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04, Stock Ratings Network.com reports. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Genworth Financial in a research note on Wednesday, April 16th. They now have a $17.00 price target on the stock. On the ratings front, analysts at UBS AG raised their price target on shares of Genworth Financial from $18.00 to $20.00 in a research note on Thursday, March 20th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Genworth Financial currently has an average rating of “Buy” and an average price target of $16.83.
Genworth Financial (NYSE:GNW) traded up 2.35% during mid-day trading on Tuesday, hitting $17.39. The stock had a trading volume of 5,637,125 shares. Genworth Financial has a 52-week low of $10.10 and a 52-week high of $18.58. The stock’s 50-day moving average is $17.21 and its 200-day moving average is $15.6. The company has a market cap of $8.614 billion and a price-to-earnings ratio of 15.09.
Genworth Financial, Inc (NYSE:GNW) is a financial security company.
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