Genworth Financial (NYSE:GNW) Announces Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Genworth Financial (NYSE:GNW) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.14), RTT News reports. Genworth Financial had a net margin of 1.19% and a return on equity of 0.31%. During the same quarter last year, the business earned ($0.51) earnings per share.

Genworth Financial Trading Up 0.5 %

GNW traded up $0.04 during mid-day trading on Tuesday, hitting $7.33. The stock had a trading volume of 5,479,319 shares, compared to its average volume of 3,855,301. The stock’s fifty day simple moving average is $7.12 and its 200-day simple moving average is $7.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 34.88 and a beta of 1.00. Genworth Financial has a 1-year low of $5.67 and a 1-year high of $7.90.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Genworth Financial from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

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.