MBIA, Inc. (MBI) Set to Announce Quarterly Earnings on Tuesday
MBIA, Inc. (NYSE:MBI) is scheduled to be announcing its earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.10 per share for the quarter.
MBIA (NYSE:MBI) last announced its quarterly earnings data on Tuesday, August 8th. The insurance provider reported ($1.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($1.10). The company had revenue of $72.00 million for the quarter, compared to analysts’ expectations of $87.85 million. During the same period in the prior year, the company earned $0.12 earnings per share. The company’s revenue for the quarter was down 39.0% compared to the same quarter last year. On average, analysts expect MBIA to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of MBIA, Inc. (NYSE:MBI) opened at 7.08 on Tuesday. MBIA, Inc. has a one year low of $6.04 and a one year high of $11.65. The stock’s market cap is $890.78 million. The company has a 50 day moving average of $8.31 and a 200-day moving average of $8.99.
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A number of analysts recently commented on the company. ValuEngine cut MBIA from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. MKM Partners reiterated a “buy” rating on shares of MBIA in a research report on Thursday, October 5th. BTIG Research reiterated a “buy” rating and set a $14.00 price objective on shares of MBIA in a research report on Wednesday, September 6th. Finally, BidaskClub cut MBIA from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. MBIA has an average rating of “Hold” and a consensus price target of $14.50.
MBIA Inc is a holding company. The Company, through its subsidiaries, is engaged in the financial guarantee insurance businesses in the industry. The Company manages its business within three segments: United States (U.S.) public finance insurance; corporate, and international and structured finance insurance.
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