Heritage Insurance will announce its earnings results on Nov.2, following up with a conference call the next morning. | Artem Podrez/Pexels
Analysts expect Heritage Insurance to announce earns of $0.69 per share for the third quarter of 2020.
The company will issue quarter earnings data on Monday, Nov. 2 after the market closes, MarketBeat reported. Partners who wish to join the company’s conference call can register online. An 8:30 a.m. conference call on Nov. 3 can be accessed by calling 1-888-346-3095, international dial-in at 1-412-902-4258 or toll free in Canada at 1-855-669-9657
The carrier’s last earnings results released on Aug. 3 fell short of analysts’ estimates by $0.18, with only $0.15 per share for the quarter. Heritage Insurance reported a return on equity of 7.24% with a net margin of 6.07%. Its revenue was more than $4.5 million higher than the consensus estimates at $136.01 million for the second quarter.
Analysts forecast Heritage Insurance will post $1 earnings per share for this fiscal year, doubling to $2 EPS for the next fiscal year, MarketBeat reported.
The shares of HRTG on the New York Stock Exchange opened at $11.11 on Oct. 26, a week before third quarter earnings will be announced. That was significantly above a 12-month low of $7.50, but short of the high of $15.61.
A quarterly dividend of 6 cents was declared and paid on Oct. 2, That represents a $0.24 dividend on an annualized basis and a yield of 2.16%.
Heritage Insurance has a market capitalization of $311.75 million. Its PE ratio is 9.75 and it has a beta of 0.68.
Sidoti issued a “buy” rating in a report on Oct. 9, MarketBeat reported. Zacks Investment Research changed its “hold” rating to a “sell” rating in its own report on the same day. More than a week earlier, TheStreet changed its rating from a “b-” to a “c+”. And ValuEngine upgraded shares of the insurance carrier from “sell” to “hold” on Oct. 23.
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