MGIC Investment (MTG) to Release Earnings on Monday

MGIC Investment (NYSE:MTG - Get Free Report) is expected to issue its quarterly earnings data after the market closes on Monday, February 3rd. Analysts expect the company to announce earnings of $0.65 per share and revenue of $303,542.50 billion for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

MGIC Investment (NYSE:MTG - Get Free Report) last announced its earnings results on Monday, November 4th. The insurance provider reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.11. The business had revenue of $306.65 million during the quarter, compared to analysts' expectations of $306.03 million. MGIC Investment had a net margin of 64.09% and a return on equity of 14.99%. The firm's revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 earnings per share. On average, analysts expect MGIC Investment to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

MGIC Investment Stock Performance

Shares of NYSE:MTG traded up $0.82 during midday trading on Monday, hitting $25.57. The company had a trading volume of 1,792,659 shares, compared to its average volume of 1,634,091. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 1.85 and a beta of 1.29. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 1.25. The company has a fifty day moving average of $24.49 and a two-hundred day moving average of $24.62. MGIC Investment has a 12-month low of $18.68 and a 12-month high of $26.56.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MTG shares. Keefe, Bruyette & Woods cut their price objective on MGIC Investment from $29.00 to $28.00 and set a "market perform" rating for the company in a research note on Wednesday, January 8th. Barclays lifted their target price on shares of MGIC Investment from $23.00 to $24.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 8th. Bank of America cut MGIC Investment from a "buy" rating to an "underperform" rating and decreased their price target for the company from $26.00 to $25.00 in a report on Monday, December 9th. Finally, Royal Bank of Canada cut their target price on MGIC Investment from $28.00 to $27.00 and set a "sector perform" rating for the company in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, MGIC Investment currently has an average rating of "Hold" and a consensus price target of $25.86.

MGIC Investment Company Profile

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, the District of Columbia, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure.