Genworth Financial (NYSE:GNW) released its quarterly earnings data on Tuesday. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.45, Bloomberg Earnings reports. Genworth Financial had a net margin of 3.88% and a return on equity of 1.57%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the firm earned ($0.27) earnings per share. The business’s quarterly revenue was down 23.3% compared to the same quarter last year.
Shares of Genworth Financial (NYSE:GNW) traded down $0.13 during mid-day trading on Tuesday, hitting $2.75. 8,848,806 shares of the stock traded hands, compared to its average volume of 4,270,000. The stock has a market capitalization of $1,370.00, a P/E ratio of 3.87, a P/E/G ratio of 0.68 and a beta of 2.58. 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 $2.75 and a 52 week high of $4.23.
A number of research analysts have weighed in on GNW shares. Zacks Investment Research lowered shares of Genworth Financial from a “hold” rating to a “strong sell” rating in a research note on Monday, November 6th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $3.75 price objective on shares of Genworth Financial in a research note on Friday, November 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $3.75.
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.
Receive News & Ratings for Genworth Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genworth Financial and related companies with MarketBeat.com's FREE daily email newsletter.