Genworth Financial Inc (GNW) Expected to Post Earnings of $0.20 Per Share
Brokerages expect Genworth Financial Inc (NYSE:GNW) to announce earnings per share of $0.20 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Genworth Financial’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.18. Genworth Financial reported earnings of ($0.27) per share in the same quarter last year, which would suggest a positive year over year growth rate of 174.1%. The company is scheduled to issue its next earnings report on Tuesday, February 6th.
On average, analysts expect that Genworth Financial will report full-year earnings of $0.94 per share for the current fiscal year, with EPS estimates ranging from $0.92 to $0.95. For the next fiscal year, analysts anticipate that the business will post earnings of $0.80 per share, with EPS estimates ranging from $0.70 to $0.89. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Genworth Financial.
Genworth Financial (NYSE:GNW) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.05). Genworth Financial had a net margin of 3.88% and a return on equity of 1.57%. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the business posted ($0.81) EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis.
Shares of Genworth Financial (NYSE GNW) opened at $3.41 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.28 and a quick ratio of 0.28. Genworth Financial has a one year low of $3.12 and a one year high of $4.35. The firm has a market cap of $1,700.00, a PE ratio of 7.23, a P/E/G ratio of 0.73 and a beta of 2.80.
A number of large investors have recently bought and sold shares of GNW. Teachers Advisors LLC raised its position in Genworth Financial by 1.5% in the first quarter. Teachers Advisors LLC now owns 872,173 shares of the financial services provider’s stock worth $3,593,000 after purchasing an additional 12,854 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Genworth Financial by 4.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 182,653 shares of the financial services provider’s stock worth $689,000 after purchasing an additional 7,747 shares in the last quarter. LS Investment Advisors LLC raised its position in Genworth Financial by 18.0% in the second quarter. LS Investment Advisors LLC now owns 38,939 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 5,936 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Genworth Financial by 3.4% in the second quarter. Louisiana State Employees Retirement System now owns 130,200 shares of the financial services provider’s stock worth $491,000 after purchasing an additional 4,300 shares in the last quarter. Finally, State Treasurer State of Michigan raised its position in Genworth Financial by 1.5% in the second quarter. State Treasurer State of Michigan now owns 205,650 shares of the financial services provider’s stock worth $775,000 after purchasing an additional 3,100 shares in the last quarter. 66.84% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: This article was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/12/02/genworth-financial-inc-gnw-expected-to-post-earnings-of-0-20-per-share-2.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Genworth Financial Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genworth Financial Inc and related companies with MarketBeat.com's FREE daily email newsletter.