TWFG (NASDAQ:TWFG) Releases Earnings Results, Beats Expectations By $0.03 EPS

TWFG (NASDAQ:TWFG - Get Free Report) released its earnings results on Wednesday. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03, Zacks reports. The firm had revenue of $51.74 million during the quarter, compared to analysts' expectations of $49.95 million.

TWFG Stock Down 0.1 %

TWFG stock traded down $0.04 during midday trading on Friday, hitting $30.11. 83,462 shares of the company's stock were exchanged, compared to its average volume of 159,945. The business has a 50-day simple moving average of $30.16 and a two-hundred day simple moving average of $30.22. The company has a debt-to-equity ratio of 0.02, a current ratio of 122.61 and a quick ratio of 122.61. TWFG has a 1-year low of $21.31 and a 1-year high of $36.50.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. BMO Capital Markets raised their target price on TWFG from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Tuesday, March 4th. Keefe, Bruyette & Woods raised their target price on TWFG from $28.00 to $33.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $33.00 price objective (up previously from $30.00) on shares of TWFG in a research report on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, TWFG currently has a consensus rating of "Moderate Buy" and an average target price of $32.14.

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TWFG Company Profile

TWFG, Inc operates an independent distribution platform for personal and commercial insurance products in the United States. Its personal and commercial insurance products include auto, home, renters, life, health, motorcycle, umbrella, boat, recreational vehicle, flood, wind, event, luxury item, general liability, property, business auto, workers' compensation, business owner policy, and professional liability insurance products, as well as commercial bonds and group benefits.