$0.20 EPS Expected for Genworth Financial Inc (GNW) This Quarter

Wall Street brokerages expect that Genworth Financial Inc (NYSE:GNW) will report earnings of $0.20 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued 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 during the same quarter last year, which would suggest a positive year-over-year growth rate of 174.1%. The company is expected to report its next quarterly earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that Genworth Financial will report full-year earnings of $0.94 per share for the current year, with EPS estimates ranging from $0.92 to $0.95. For the next financial year, analysts anticipate that the company will post earnings of $0.90 per share, with EPS estimates ranging from $0.79 to $1.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Genworth Financial.

Genworth Financial (NYSE:GNW) last announced its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period last year, the firm earned ($0.81) EPS. Genworth Financial’s quarterly revenue was up 3.0% on a year-over-year basis.

Several equities analysts have recently issued reports on GNW shares. Zacks Investment Research lowered shares of Genworth Financial from a “hold” rating to a “strong sell” rating in a report on Monday, November 6th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $3.75 target price on shares of Genworth Financial in a research note on Friday, November 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $4.00 target price on shares of Genworth Financial in a research note on Tuesday, October 3rd. Finally, ValuEngine lowered shares of Genworth Financial from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Genworth Financial presently has a consensus rating of “Hold” and an average price target of $3.75.

A number of large investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. lifted its position in Genworth Financial by 5.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,334,927 shares of the financial services provider’s stock worth $10,372,000 after buying an additional 172,433 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Genworth Financial during the 3rd quarter worth about $1,204,000. California Public Employees Retirement System lifted its position in Genworth Financial by 4.3% during the 3rd quarter. California Public Employees Retirement System now owns 4,496,028 shares of the financial services provider’s stock worth $17,310,000 after buying an additional 183,628 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in Genworth Financial by 11.2% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 286,645 shares of the financial services provider’s stock worth $1,104,000 after buying an additional 28,892 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Genworth Financial during the 3rd quarter worth about $880,000. 66.74% of the stock is currently owned by hedge funds and other institutional investors.

Genworth Financial (NYSE:GNW) opened at $3.34 on Monday. Genworth Financial has a fifty-two week low of $3.01 and a fifty-two week high of $4.23. The stock has a market cap of $1,667.19, a price-to-earnings ratio of 4.99, a PEG ratio of 0.75 and a beta of 2.82. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.28 and a quick ratio of 0.28.

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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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