Assured Guaranty Ltd. (AGO) to Release Quarterly Earnings on Thursday
Assured Guaranty Ltd. (NYSE:AGO) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.78 per share for the quarter.
Assured Guaranty (NYSE:AGO) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.44. The company had revenue of $308.00 million during the quarter, compared to analysts’ expectations of $288.15 million. Assured Guaranty had a net margin of 61.25% and a return on equity of 16.00%. The firm’s revenue for the quarter was down 22.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 EPS. On average, analysts expect Assured Guaranty to post $4.86 EPS for the current fiscal year and $3.06 EPS for the next fiscal year.
Assured Guaranty Ltd. (NYSE:AGO) opened at 36.06 on Thursday. Assured Guaranty Ltd. has a 52-week low of $29.37 and a 52-week high of $45.73. The firm has a 50-day moving average of $39.11 and a 200-day moving average of $40.76. The stock has a market capitalization of $4.29 billion, a PE ratio of 4.05 and a beta of 1.65.
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AGO has been the topic of a number of recent research reports. UBS Group AG restated a “buy” rating and set a $47.00 price target (down previously from $49.00) on shares of Assured Guaranty in a report on Wednesday, October 4th. BidaskClub upgraded shares of Assured Guaranty from a “hold” rating to a “buy” rating in a report on Friday, July 7th. MKM Partners reiterated a “buy” rating on shares of Assured Guaranty in a report on Thursday, October 5th. BTIG Research reiterated a “buy” rating and issued a $49.00 target price on shares of Assured Guaranty in a report on Friday, July 14th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $42.00 target price on shares of Assured Guaranty in a report on Tuesday, July 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $47.00.
Assured Guaranty Company Profile
Assured Guaranty Ltd. is a holding company. The Company, through its subsidiaries, provides credit protection products to the United States and international public finance, including infrastructure, and structured finance markets. It applies its credit underwriting judgment, risk management skills and capital markets experience primarily to offer financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.
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