Assurant, Inc. (AIZ) to Release Quarterly Earnings on Thursday
Assurant, Inc. (NYSE:AIZ) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 2nd.
Assurant (NYSE:AIZ) last issued its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.05. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Assurant had a return on equity of 6.70% and a net margin of 6.53%. The firm’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.42 earnings per share. On average, analysts expect Assurant to post $3.53 EPS for the current fiscal year and $7.09 EPS for the next fiscal year.
Shares of Assurant, Inc. (AIZ) opened at 99.80 on Thursday. The firm’s 50-day moving average price is $95.35 and its 200 day moving average price is $99.60. The company has a market capitalization of $5.38 billion, a PE ratio of 13.12 and a beta of 0.79. Assurant, Inc. has a 1-year low of $78.50 and a 1-year high of $106.99.
Several research firms recently issued reports on AIZ. BidaskClub cut shares of Assurant from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $115.00 target price on shares of Assurant in a research note on Thursday, October 12th.
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Assurant Company Profile
Assurant, Inc is a provider of risk management solutions in the housing and lifestyle markets. The Company operates in North America, Latin America, Europe and Asia. The Company’s segments include Global Housing, Global Lifestyle and Global Preneed. Through its Global Housing segment, it provides lender-placed homeowners, manufactured housing and flood insurance; renters insurance and related products (multi-family housing business), and field services, valuation services and other property risk management services (mortgage solutions business).
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