Genworth Financial Inc (GNW) Expected to Post Earnings of $0.23 Per Share

Equities analysts predict that Genworth Financial Inc (NYSE:GNW) will report earnings of $0.23 per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Genworth Financial’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.27. Genworth Financial posted earnings per share of $0.29 during the same quarter last year, which indicates a negative year over year growth rate of 20.7%. The firm is scheduled to announce its next earnings results on Tuesday, May 1st.

On average, analysts expect that Genworth Financial will report full-year earnings of $0.90 per share for the current fiscal year, with EPS estimates ranging from $0.79 to $1.00. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.89 per share, with EPS estimates ranging from $0.79 to $0.99. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Genworth Financial.

Genworth Financial (NYSE:GNW) last released its earnings results on Tuesday, February 6th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.45. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $2.16 billion. Genworth Financial had a return on equity of 4.63% and a net margin of 9.85%. Genworth Financial’s quarterly revenue was down 23.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.27) EPS.

GNW has been the topic of several analyst reports. Zacks Investment Research raised Genworth Financial from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a report on Wednesday, January 10th. TheStreet raised Genworth Financial from a “d+” rating to a “c” rating in a report on Wednesday. BTIG Research reissued a “hold” rating on shares of Genworth Financial in a report on Thursday. Wells Fargo & Co reissued a “hold” rating and set a $3.75 target price on shares of Genworth Financial in a report on Friday, November 3rd. Finally, ValuEngine lowered Genworth Financial from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Genworth Financial currently has an average rating of “Hold” and a consensus price target of $3.75.

Shares of Genworth Financial (NYSE:GNW) opened at $2.76 on Thursday. The stock has a market capitalization of $1,377.79, a price-to-earnings ratio of 1.70, a PEG ratio of 0.62 and a beta of 2.58. Genworth Financial has a 1-year low of $2.75 and a 1-year high of $4.23. The company has a current ratio of 1.24, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.

Large investors have recently added to or reduced their stakes in the stock. Webster Bank N. A. acquired a new stake in Genworth Financial in the fourth quarter valued at about $110,000. Shelton Capital Management acquired a new stake in Genworth Financial in the second quarter valued at about $140,000. Fondren Management LP acquired a new stake in Genworth Financial in the second quarter valued at about $189,000. Raymond James Financial Services Advisors Inc. boosted its stake in Genworth Financial by 52.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 55,077 shares of the financial services provider’s stock valued at $171,000 after buying an additional 18,868 shares in the last quarter. Finally, Shell Asset Management Co. acquired a new stake in Genworth Financial in the third quarter valued at about $914,000. 66.66% of the stock is currently owned by institutional investors and hedge funds.

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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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