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

Genworth Financial (NYSE:GNW - Get Free Report) posted its earnings results on Tuesday. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.14), RTT News reports. Genworth Financial had a return on equity of 2.96% and a net margin of 4.10%. The firm had revenue of $1.82 billion during the quarter. During the same period last year, the firm posted ($0.51) EPS.

Genworth Financial Stock Performance

Genworth Financial stock traded down $0.10 during mid-day trading on Friday, reaching $6.54. 5,023,091 shares of the company's stock were exchanged, compared to its average volume of 4,201,820. The firm has a market capitalization of $2.79 billion, a PE ratio of 9.61 and a beta of 1.00. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.16. The business's fifty day simple moving average is $7.09 and its 200 day simple moving average is $7.02. Genworth Financial has a one year low of $5.67 and a one year high of $7.90.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Genworth Financial from a "buy" rating to a "hold" rating in a research 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.