Stewart Information Services (NYSE:STC) Releases Q2 Earnings Guidance

Stewart Information Services (NYSE:STC) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.17 for the period, compared to the Thomson Reuters consensus estimate of $1.96. The company issued revenue guidance of $818.8 million, compared to the consensus revenue estimate of $672.80 million.

STC stock traded up $1.95 during midday trading on Thursday, hitting $58.17. 5,725 shares of the company’s stock were exchanged, compared to its average volume of 110,741. The stock’s fifty day moving average is $57.98. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.58 and a current ratio of 2.58. The company has a market cap of $1.56 billion, a P/E ratio of 7.68 and a beta of 1.06. Stewart Information Services has a one year low of $36.42 and a one year high of $62.44.

Stewart Information Services (NYSE:STC) last issued its quarterly earnings results on Tuesday, July 20th. The insurance provider reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $1.31. Stewart Information Services had a return on equity of 20.69% and a net margin of 8.04%. On average, analysts predict that Stewart Information Services will post 7.57 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 30th. Investors of record on Tuesday, June 15th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Monday, June 14th. Stewart Information Services’s dividend payout ratio is currently 20.79%.

Separately, Zacks Investment Research downgraded Stewart Information Services from a buy rating to a hold rating in a research report on Friday, July 2nd.

Stewart Information Services Company Profile

Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction services. The company operates in two segments, Title Insurance and Related Services, and Ancillary Services and Corporate. The Title Insurance and Related Services segment is involved in searching, examining, closing, and insuring the condition of the title to real property.

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