Genworth MI Canada (TSE:MIC) is set to announce its earnings results after the market closes on Tuesday, February 6th. Analysts expect the company to announce earnings of C$1.21 per share for the quarter.

Genworth MI Canada (TSE:MIC) last announced its quarterly earnings data on Thursday, November 2nd. The company reported C$1.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.16 by C$0.06. Genworth MI Canada had a net margin of 67.54% and a return on equity of 14.53%.

Shares of Genworth MI Canada (TSE:MIC) opened at C$42.86 on Tuesday. The stock has a market cap of $3,900.00, a price-to-earnings ratio of 7.36 and a beta of 1.75. Genworth MI Canada has a 52 week low of C$30.38 and a 52 week high of C$44.49.

A number of analysts have recently issued reports on MIC shares. National Bank Financial increased their price objective on shares of Genworth MI Canada from C$40.00 to C$43.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 24th. 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 note on Monday, November 6th. Scotiabank increased their price objective on shares of Genworth MI Canada from C$40.00 to C$44.00 and gave the stock a “sector perform” rating in a research note on Monday, November 6th. Royal Bank of Canada cut shares of Genworth MI Canada from a “sector perform” rating to an “underperform” rating and increased their price objective for the stock from C$40.00 to C$41.00 in a research note on Monday, November 6th. Finally, TD Securities cut shares of Genworth MI Canada from a “buy” rating to a “hold” rating and increased their price objective for the stock from C$45.00 to C$46.00 in a research note on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Genworth MI Canada presently has an average rating of “Hold” and an average target price of C$44.67.

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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 for Genworth MI Canada (TSE:MIC)

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