Genworth Financial (GNW:NYE) is set to release its quarterly earnings results on Wednesday, May 3rd, after the market closes.
Previous Quarter Earnings:
In its previous quarterly earnings report released on February 6th, Genworth Financial beat analysts’ consensus estimates of $0.19 by reporting $0.33 EPS for the quarter. The company had a return on equity of 5.22% and a net margin of 8.11%, with revenue of $1.90 billion during the quarter. In the same period the previous year, the company earned $0.32 EPS.
GNW Stock Price Analysis:
On Wednesday, Genworth Financial traded down 3.7% at an opening price of $5.76. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 4.84, and a beta of 1.03.
The company has a debt-to-equity ratio of 0.15, a current ratio of 0.28, and a quick ratio of 0.28. Over the past year, the company’s stock has ranged between a one year low of $3.43 and a one year high of $6.40, with a 50 day simple moving average of $5.66 and a two-hundred day simple moving average of $5.25.
GNW Stock-Insider Transactions:
Additionally, CFO Daniel J. Iv Sheehan sold 250,000 shares of the GNW stock on Monday, February 13th, at an average price of $6.06, for a total value of $1,515,000. Following the transaction, the chief financial officer now owns 1,132,023 shares of the GNW stock, valued at approximately $6,860,059.38. The sale was disclosed in a filing with the Securities & Exchange Commission.
Hedge Funds & Institutional Holdings:
Institutional investors and hedge funds have recently added or reduced their stakes in the stock. For example, Prelude Capital Management LLC bought a new position in Genworth Financial during the 2nd quarter, while Private Advisor Group LLC, Nomura Holdings Inc., AlphaQ Advisors LLC, and Sequoia Financial Advisors LLC purchased new stakes in the company during the 1st and 4th quarters. Currently, institutional investors own 75.91% of the GNW stock.
Genworth Financial, Inc. provides insurance products in the United States and internationally. It operates in three segments: Enact, U.S. Life Insurance, and Runoff. The company was founded in 1871 and is headquartered in Richmond, Virginia.