Genworth Financial Inc (GNW) Set to Announce Earnings on Tuesday
Genworth Financial Inc (NYSE:GNW) will post its quarterly earnings results after the market closes on Tuesday, August 1st. Analysts expect Genworth Financial to post earnings of $0.22 per share for the quarter.
Genworth Financial (NYSE:GNW) last posted its quarterly earnings data on Tuesday, May 2nd. The financial services provider reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.07. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.15 billion. Genworth Financial had a negative net margin of 2.00% and a negative return on equity of 1.75%. On average, analysts expect Genworth Financial to post $0.91 EPS for the current fiscal year and $0.8 EPS for the next fiscal year.
Genworth Financial Inc (NYSE:GNW) traded up 1.039% on Thursday, reaching $3.405. 425,911 shares of the company’s stock were exchanged. Genworth Financial Inc has a 1-year low of $2.67 and a 1-year high of $5.27. The firm’s market capitalization is $1.70 billion. The stock’s 50 day moving average price is $3.61 and its 200 day moving average price is $3.78.
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GNW has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Genworth Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub upgraded shares of Genworth Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 1st. ValuEngine upgraded shares of Genworth Financial from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Wells Fargo & Company reiterated a “hold” rating on shares of Genworth Financial in a research report on Tuesday, May 2nd. Finally, BTIG Research reiterated a “neutral” rating on shares of Genworth Financial in a research report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $4.17.
About Genworth Financial
Genworth Financial, Inc (Genworth) is a financial security company. The Company provides insurance, wealth management, investment and financial solutions. As of December 31, 2011, the Company had more than 15 million customers, with a presence in more than 25 countries. The Company operates in Insurance, Mortgage Insurance and Corporate and Runoff.
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