Zacks: Analysts Anticipate Assurant, Inc. (AIZ) to Post $1.58 Earnings Per Share
Wall Street analysts expect Assurant, Inc. (NYSE:AIZ) to report earnings per share (EPS) of $1.58 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Assurant’s earnings. The lowest EPS estimate is $1.44 and the highest is $1.71. Assurant reported earnings of $0.46 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 243.5%. The business is scheduled to report its next earnings report on Tuesday, February 6th.
On average, analysts expect that Assurant will report full-year earnings of $3.70 per share for the current financial year, with EPS estimates ranging from $3.58 to $3.81. For the next fiscal year, analysts expect that the business will post earnings of $6.93 per share, with EPS estimates ranging from $6.85 to $7.05. Zacks’ EPS averages are an average based on a survey of analysts that cover Assurant.
Assurant (NYSE:AIZ) last issued its earnings results on Thursday, November 2nd. The financial services provider reported ($1.40) EPS for the quarter, beating the consensus estimate of ($1.79) by $0.39. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.59 billion. Assurant had a return on equity of 3.55% and a net margin of 3.67%. The company’s revenue was down 13.5% compared to the same quarter last year. During the same period last year, the business posted $1.00 EPS.
A number of equities analysts have recently issued reports on the company. BidaskClub downgraded Assurant from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. SunTrust Banks, Inc. restated a “buy” rating and issued a $115.00 price target on shares of Assurant in a research note on Thursday, October 12th.
Assurant (AIZ) traded down $0.56 during mid-day trading on Friday, hitting $98.15. The stock had a trading volume of 451,934 shares, compared to its average volume of 391,761. The stock has a market cap of $5,294.00, a P/E ratio of 38.43, a P/E/G ratio of 1.38 and a beta of 0.81. Assurant has a 52-week low of $82.30 and a 52-week high of $106.99. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 0.26.
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Hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in shares of Assurant by 6.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,950 shares of the financial services provider’s stock worth $202,000 after buying an additional 114 shares during the last quarter. Atria Investments LLC bought a new position in Assurant in the 2nd quarter worth $214,000. Thrivent Financial For Lutherans bought a new position in Assurant in the 2nd quarter worth $216,000. Achmea Investment Management B.V. bought a new position in Assurant in the 2nd quarter worth $244,000. Finally, Edgestream Partners L.P. bought a new position in Assurant in the 2nd quarter worth $248,000. Hedge funds and other institutional investors own 91.23% of the company’s stock.
Assurant Company Profile
Assurant, Inc is a provider of risk management solutions in the housing and lifestyle markets. The Company operates in North America, Latin America, Europe and Asia. The Company’s segments include Global Housing, Global Lifestyle and Global Preneed. Through its Global Housing segment, it provides lender-placed homeowners, manufactured housing and flood insurance; renters insurance and related products (multi-family housing business), and field services, valuation services and other property risk management services (mortgage solutions business).
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