National Bank Financial Weighs in on Genworth MI Canada Inc’s Q1 2018 Earnings (MIC)

Genworth MI Canada Inc (TSE:MIC) – National Bank Financial issued their Q1 2018 earnings estimates for Genworth MI Canada in a report issued on Wednesday. National Bank Financial analyst J. Gloyn forecasts that the company will earn $1.09 per share for the quarter. National Bank Financial currently has a “Outperform” rating and a $49.00 target price on the stock. National Bank Financial also issued estimates for Genworth MI Canada’s Q3 2018 earnings at $1.26 EPS and Q4 2018 earnings at $1.29 EPS.

A number of other analysts also recently weighed in on the company. Scotiabank increased their price target on Genworth MI Canada from C$44.00 to C$46.00 and gave the stock a “sector perform” rating in a report on Thursday. BMO Capital Markets increased their price target on Genworth MI Canada from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a report on Thursday. Royal Bank of Canada increased their price target on Genworth MI Canada from C$41.00 to C$42.00 and gave the stock an “underperform” rating in a report on Wednesday, February 7th. TD Securities downgraded Genworth MI Canada from a “buy” rating to a “hold” rating and increased their price target for the stock from C$45.00 to C$46.00 in a report on Thursday, December 7th. Finally, CIBC cut shares of Genworth MI Canada from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from C$45.00 to C$46.00 in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of C$46.50.

Shares of Genworth MI Canada (TSE:MIC) opened at C$40.95 on Monday. Genworth MI Canada has a 1-year low of C$30.38 and a 1-year high of C$44.49. The firm has a market capitalization of $3,720.00, a PE ratio of 7.12 and a beta of 1.64.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend is Thursday, February 15th. This is a boost from Genworth MI Canada’s previous quarterly dividend of $0.44. Genworth MI Canada’s dividend payout ratio is 31.13%.

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Genworth MI Canada Company Profile

Genworth MI Canada Inc, through its subsidiary, Genworth Financial Mortgage Insurance Company Canada, operates as a private-sector residential mortgage insurer. The Company provides mortgage default insurance to Canadian residential mortgage lenders. It underwrites mortgage insurance for residential properties in various provinces and territories of Canada.

Earnings History and Estimates for Genworth MI Canada (TSE:MIC)

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