Genworth Financial Inc (GNW) Set to Announce Earnings on Thursday
Genworth Financial Inc (NYSE:GNW) is set to post its quarterly earnings results after the market closes on Thursday, November 2nd. Analysts expect Genworth Financial to post earnings of $0.20 per share for the quarter.
Genworth Financial (NYSE:GNW) last released its quarterly earnings data on Tuesday, August 1st. The financial services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.22 by $0.08. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.14 billion. Genworth Financial had a negative return on equity of 1.63% and a negative net margin of 1.66%. Genworth Financial’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. On average, analysts expect Genworth Financial to post $0.99 EPS for the current fiscal year and $0.8 EPS for the next fiscal year.
Genworth Financial Inc (NYSE:GNW) opened at 3.31 on Wednesday. Genworth Financial Inc has a 12-month low of $3.12 and a 12-month high of $4.46. The firm’s 50-day moving average price is $3.74 and its 200 day moving average price is $3.65. The stock’s market capitalization is $1.65 billion.
A number of research firms have commented on GNW. BidaskClub cut Genworth Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Keefe, Bruyette & Woods restated a “hold” rating and set a $4.00 price target on shares of Genworth Financial in a research note on Tuesday, October 3rd. Wells Fargo & Company restated a “hold” rating on shares of Genworth Financial in a research note on Monday, October 2nd. ValuEngine upgraded Genworth Financial from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research cut Genworth Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $4.03.
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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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