Imperial Holdings (IFT) Announces Quarterly Earnings Results, Misses Expectations By $0.45 EPS
Imperial Holdings (NYSE:IFT) issued its quarterly earnings data on Wednesday. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.45, Analyst Ratings News reports.
Shares of Imperial Holdings (NYSE:IFT) traded up 0.44% during mid-day trading on Wednesday, hitting $6.86. 52,835 shares of the company’s stock traded hands. Imperial Holdings has a one year low of $4.71 and a one year high of $7.55. The stock has a 50-day moving average of $6.66 and a 200-day moving average of $6.29. The company has a market cap of $146.4 million and a P/E ratio of 2.19. Imperial Holdings also was the target of a large decline in short interest in July. As of July 15th, there was short interest totalling 1,070,950 shares, a decline of 47.9% from the June 30th total of 2,056,416 shares. Based on an average daily trading volume, of 72,545 shares, the days-to-cover ratio is presently 14.8 days. Approximately 5.3% of the shares of the stock are sold short.
Imperial Holdings, Inc (NYSE:IFT) is a specialty finance company with a focus on providing premium financing for individual life insurance policies issued by insurance companies and purchasing structured settlements backed by annuities issued by insurance companies or their affiliates.
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