Brokerages Anticipate GWG Holdings Inc (GWGH) to Post ($0.26) Earnings Per Share
GWG Holdings Inc (NASDAQ:GWGH) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Brokers have set a 1 year consensus target price of $10.50 for the company and are expecting that the company will post ($0.26) earnings per share for the current quarter, according to Zacks. Zacks has also assigned GWG Holdings an industry rank of 32 out of 265 based on the ratings given to related companies.
Several research analysts have recently issued reports on GWGH shares. Zacks Investment Research cut GWG Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Maxim Group started coverage on GWG Holdings in a research note on Thursday, July 21st. They issued a “buy” rating and a $10.00 price objective for the company.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/13/brokerages-anticipate-gwg-holdings-inc-gwgh-to-post-0-26-earnings-per-share.html
GWG Holdings (NASDAQ:GWGH) traded down 0.24% on Thursday, reaching $8.48. The company’s stock had a trading volume of 1,070 shares. The company’s market capitalization is $50.68 million. GWG Holdings has a 12-month low of $4.21 and a 12-month high of $11.56. The firm has a 50-day moving average of $9.22 and a 200 day moving average of $7.45.
GWG Holdings (NASDAQ:GWGH) last announced its quarterly earnings data on Tuesday, August 16th. The company reported $0.85 earnings per share (EPS) for the quarter. The firm earned $20.80 million during the quarter, compared to analysts’ expectations of $8.60 million. On average, equities research analysts anticipate that GWG Holdings will post $0.33 EPS for the current fiscal year.
GWG Holdings Company Profile
GWG Holdings, Inc is a specialty finance company. The Company is a financial purchaser of life insurance assets in the secondary market. The Company creates opportunities for consumers owning life insurance to obtain value for their policies as compared to the traditional options offered by insurance companies.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GWG Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GWG Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.