MGIC Investment (MTG) Set to Announce Quarterly Earnings on Monday

MGIC Investment (NYSE:MTG - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect MGIC Investment to post earnings of $0.67 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

MGIC Investment (NYSE:MTG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $0.77 EPS for the quarter, beating the consensus estimate of $0.62 by $0.15. The firm had revenue of $305.28 million for the quarter, compared to the consensus estimate of $301.02 million. MGIC Investment had a net margin of 63.19% and a return on equity of 14.97%. The company's revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $0.68 EPS. 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 Price Performance

NYSE MTG traded up $0.27 on Monday, reaching $25.16. The company had a trading volume of 1,940,284 shares, compared to its average volume of 1,750,227. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $6.71 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. The firm's 50 day moving average price is $25.25 and its 200 day moving average price is $22.92. MGIC Investment has a 12 month low of $16.47 and a 12 month high of $26.52.

MGIC Investment Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be issued a $0.13 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.52 dividend on an annualized basis and a yield of 2.07%. MGIC Investment's dividend payout ratio is currently 20.00%.

Wall Street Analysts Forecast Growth

MTG has been the topic of a number of research reports. Barclays lifted their price target on shares of MGIC Investment from $23.00 to $24.00 and gave the company an "equal weight" rating in a report on Tuesday, October 8th. BTIG Research lifted their price objective on shares of MGIC Investment from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Monday, August 5th. Finally, Roth Mkm lifted their price objective on shares of MGIC Investment from $24.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $24.50.

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.