Analysts are expecting average earnings estimates of $0.26 for the current quarter based on the opinion of 4 analysts, relating to high earnings per share estimates of $0.3 and low estimates of $0.23, however Genworth Financial Inc (NYSE:GNW) reported $0.3 earnings per share for the same quarter past year. Genworth Financial has a 12-month low of $3.14 and a 12-month high of $3.25. The business's quarterly revenue was down 23.3% compared to the same quarter a year ago. The company is scheduled to report its next earnings results on Tuesday, August 7th.
Shares of Genworth Financial opened at $3.07 on Tuesday, MarketBeat reports. For the next fiscal year, analysts forecast that the business will report sales of $8.59 billion per share, with estimates ranging from $8.56 billion to $8.63 billion. Genworth Financial Inc (NYSE:GNW) has a market cap of $1.57 Billion and the number of outstanding shares have been calculated 499.6 Million. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.26 by ($0.01). Revenue, on the other hand, scored -3.13% growth from the previous quarter, coming up with $3.52 billion. Genworth Financial Inc (NYSE:GNW)'s price sits 9.61% above from its SMA 50 of $2.9 and -3.81% far from the SMA 200 which is at $2.9. A year ago the company's sales were $2120000 while its sales growth yearly estimates for the current quarter are 1.4%. (NYSE:GNW) for 2,017 shares. ValuEngine lowered Genworth Financial from a buy rating to a hold rating in a report on Thursday, March 1st.
Among 8 analysts covering Genworth Financial (NYSE:GNW), 1 have Buy rating, 1 Sell and 6 Hold. BTIG Research restated a hold rating on shares of Genworth Financial in a report on Thursday, February 8th.
However out of 2 analysts 0 suggest Genworth Financial Inc (NYSE:GNW) a Strong Buy, 0 suggested Buy, 5 Hold and 0 Sell, while 0 analysts recommend the stock a Strong Sell.
The AES Corporation is maintained at an average outperform rating by 10 stock analysts, and there are at least 3.1% of shares outstanding that are now legally short sold.
Genworth Financial (NYSE:GNW) last issued its quarterly earnings data on Tuesday, February 6th.
Shares of GNW stock traded up $0.11 on Tuesday, reaching $3.25. 2,641,799 shares of the company were exchanged, compared to its average volume of 3,696,590.
The price-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings. Genworth Financial has a 52 week low of $3.14 and a 52 week high of $3.25. It turned negative, as 33 investors sold GNW shares while 75 reduced holdings. California Public Employees Retirement System now owns 4,496,028 shares of the financial services provider's stock valued at $17,310,000 after buying an additional 183,628 shares during the last quarter. Zeke Capital Advisors LLC acquired a new position in Genworth Financial during the 1st quarter worth approximately $105,000. Genworth Financial Inc (NYSE:GNW)'s price to sales ratio for trailing twelve month stands at 0.19, whereas its price to book ratio for the most recent quarters is at 0.12. Russell Investments Group Ltd. now owns 472,758 shares of the financial services provider's stock worth $1,338,000 after buying an additional 120,225 shares in the last quarter. Shah Capital Management raised its position in shares of Genworth Financial by 6.0% during the 4th quarter. Finally, New Mexico Educational Retirement Board acquired a new position in Genworth Financial during the 4th quarter worth about $384,000. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Genworth Financial by 52.1% in the 4th quarter. Institutional investors own 67.30% of the company's stock. The stock of Genworth Financial, Inc. It operates through five segments: U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans.
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