MBIA (MBI) Expected to Announce Quarterly Earnings on Wednesday

MBIA (NYSE:MBI) is projected to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect MBIA to post earnings of ($0.31) per share and revenue of $28.70 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

MBIA Stock Down 1.4 %

Shares of MBI opened at $6.82 on Monday. MBIA has a 12-month low of $3.22 and a 12-month high of $7.46. The firm has a market capitalization of $347.77 million, a price-to-earnings ratio of -0.60 and a beta of 1.62. The stock’s 50-day moving average price is $6.50 and its 200 day moving average price is $5.17.

Insider Transactions at MBIA

In other MBIA news, Director Theodore Shasta sold 9,570 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $6.74, for a total transaction of $64,501.80. Following the completion of the sale, the director now directly owns 61,794 shares of the company’s stock, valued at approximately $416,491.56. The trade was a 13.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 12.58% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MBI has been the topic of a number of recent research reports. StockNews.com downgraded shares of MBIA from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods upgraded MBIA from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $6.50 to $9.00 in a research report on Monday, November 18th.

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.