Wall Street analysts predict that Assurant, Inc. (NYSE:AIZ) will report $1.56 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Assurant’s earnings, with estimates ranging from $1.55 billion to $1.58 billion. Assurant reported sales of $1.51 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 3.3%. The company is expected to issue its next earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Assurant will report full-year sales of $1.56 billion for the current year, with estimates ranging from $6.52 billion to $7.01 billion. For the next financial year, analysts expect that the firm will report sales of $7.23 billion per share, with estimates ranging from $6.78 billion to $7.67 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Assurant.
Assurant (NYSE:AIZ) last released its earnings results on Thursday, February 8th. The financial services provider reported $1.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.26. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Assurant had a net margin of 8.10% and a return on equity of 5.24%. The firm’s revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the company earned $0.54 earnings per share.
Assurant (AIZ) opened at $89.00 on Tuesday. The company has a market cap of $4,765.29, a PE ratio of 9.66, a price-to-earnings-growth ratio of 0.59 and a beta of 0.63. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.55 and a current ratio of 0.55. Assurant has a one year low of $84.34 and a one year high of $106.99.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Monday, February 26th will be paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Friday, February 23rd. Assurant’s dividend payout ratio is 23.83%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Cerebellum GP LLC acquired a new stake in shares of Assurant during the fourth quarter worth approximately $128,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Assurant during the third quarter worth approximately $154,000. Ifrah Financial Services Inc. acquired a new stake in shares of Assurant during the fourth quarter worth approximately $204,000. Koch Industries Inc. acquired a new stake in shares of Assurant during the fourth quarter worth approximately $206,000. Finally, Stifel Financial Corp acquired a new stake in shares of Assurant during the third quarter worth approximately $207,000. Hedge funds and other institutional investors own 92.97% of the company’s stock.
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Assurant, Inc is a provider of risk management solutions in the housing and lifestyle markets. The Company operates in North America, Latin America, Europe and Asia. The Company’s segments include Global Housing, Global Lifestyle and Global Preneed. Through its Global Housing segment, it provides lender-placed homeowners, manufactured housing and flood insurance; renters insurance and related products (multi-family housing business), and field services, valuation services and other property risk management services (mortgage solutions business).
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