MBIA (MBI) Scheduled to Post Quarterly Earnings on Thursday

MBIA (NYSE:MBI) will post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect MBIA to post earnings of ($0.16) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

MBIA (NYSE:MBI) last issued its quarterly earnings results on Tuesday, August 6th. The insurance provider reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($2.75). The firm had revenue of ($37.00) million during the quarter, compared to the consensus estimate of $29.00 million. During the same quarter in the previous year, the business posted ($0.45) EPS. On average, analysts expect MBIA to post $-4 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

MBIA Stock Performance

Shares of MBI stock opened at $3.99 on Wednesday. MBIA has a 1 year low of $3.22 and a 1 year high of $14.37. The stock has a market cap of $203.60 million, a PE ratio of -0.28 and a beta of 1.41. The business’s fifty day moving average is $3.67 and its 200-day moving average is $4.68.

Analyst Ratings Changes

Separately, Roth Mkm lowered their price target on MBIA from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th.

About MBIA

MBIA Inc provides financial guarantee insurance services to public finance markets in the United States. It operates United States (U.S.) Public Finance Insurance, and International and Structured Finance Insurance segments. The company issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness of the U.S.