Fidelity and Guaranty Life (FGL) Issues Quarterly Earnings Results
Fidelity and Guaranty Life (NYSE:FGL) released its earnings results on Wednesday. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.43, Bloomberg Earnings reports. Fidelity and Guaranty Life had a return on equity of 8.00% and a net margin of 13.61%. The company had revenue of $435.00 million for the quarter, compared to analysts’ expectations of $319.00 million. During the same quarter in the previous year, the firm posted $0.69 EPS. The firm’s quarterly revenue was up 37.7% on a year-over-year basis.
Fidelity and Guaranty Life (NYSE FGL) remained flat at $$31.20 during midday trading on Wednesday. The company had a trading volume of 901,100 shares, compared to its average volume of 370,309. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.20 and a current ratio of 0.20. Fidelity and Guaranty Life has a 1-year low of $22.85 and a 1-year high of $31.38. The company has a market cap of $1,840.00, a price-to-earnings ratio of 11.82 and a beta of 0.88.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Friday, November 24th. Fidelity and Guaranty Life’s payout ratio is 7.90%.
Several equities analysts have issued reports on the company. ValuEngine cut Fidelity and Guaranty Life from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub cut Fidelity and Guaranty Life from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.
Fidelity and Guaranty Life Company Profile
Fidelity & Guaranty Life (FGL) is a holding company focused on obtaining controlling equity stakes in companies that operate across various industries. FGL’s primary business is the sale of individual life insurance products and annuities through independent agents, managing general agents, and specialty brokerage firms and in selected institutional markets.
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