Genworth Financial Inc (GNW) Posts Quarterly Earnings Results
Genworth Financial Inc (NYSE:GNW) posted its quarterly earnings results on Thursday. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.05), Bloomberg Earnings reports. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Genworth Financial had a return on equity of 1.58% and a net margin of 3.88%. Genworth Financial’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the company earned ($0.81) earnings per share.
Shares of Genworth Financial (NYSE GNW) traded up $0.05 on Friday, reaching $3.43. 2,740,000 shares of the company traded hands, compared to its average volume of 4,090,000. The company has a market capitalization of $1,710.00, a price-to-earnings ratio of 7.19, a PEG ratio of 0.68 and a beta of 2.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28. Genworth Financial has a 52-week low of $3.12 and a 52-week high of $4.46.
GNW has been the subject of a number of research analyst reports. BidaskClub lowered shares of Genworth Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Wells Fargo & Company reissued a “hold” rating on shares of Genworth Financial in a research report on Tuesday, August 1st. ValuEngine raised shares of Genworth Financial from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Genworth Financial from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a research report on Tuesday, September 5th. Finally, Off Wall Street initiated coverage on shares of Genworth Financial in a research report on Monday, September 11th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $3.96.
Genworth Financial Company Profile
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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