Genworth Financial (NYSE:GNW) Releases Quarterly Earnings Results

Genworth Financial (NYSE:GNW) posted its earnings results on Wednesday. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, Zacks reports. Genworth Financial had a net margin of 0.21% and a negative return on equity of 0.23%. The firm had revenue of $1.86 billion during the quarter.

Genworth Financial Stock Performance

NYSE:GNW traded up $0.39 during trading on Thursday, reaching $6.46. The company’s stock had a trading volume of 5,008,092 shares, compared to its average volume of 2,792,074. Genworth Financial has a 12 month low of $4.51 and a 12 month high of $6.93. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of -651,000.00 and a beta of 1.08. The firm has a 50 day moving average of $6.17 and a 200-day moving average of $6.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.30 and a current ratio of 0.30.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upped their price objective on shares of Genworth Financial from $6.50 to $7.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th.

Genworth Financial Company Profile

Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.