Assured Guaranty (AGO) Announces Quarterly Earnings Results, Beats Expectations By $0.11 EPS
Assured Guaranty (NYSE:AGO) announced its earnings results on Thursday. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.11, Analyst Ratings Network reports. The company had revenue of $297.00 million for the quarter, compared to the consensus estimate of $167.60 million. During the same quarter in the previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was down 23.8% on a year-over-year basis.
Assured Guaranty (NYSE:AGO) opened at 23.98 on Thursday. Assured Guaranty has a 52-week low of $17.80 and a 52-week high of $26.76. The stock has a 50-day moving average of $24.5 and a 200-day moving average of $23.33. The company has a market cap of $4.372 billion and a P/E ratio of 5.45.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Monday, May 19th.
Assured Guaranty Ltd. (NYSE:AGO) is a Bermuda-based holding company.
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