Assured Guaranty (NYSE:AGO) will announce its earnings results after the market closes on Thursday, November 8th.
Assured Guaranty (NYSE:AGO) last issued its earnings results on Wednesday, August 1st. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.08). Assured Guaranty had a net margin of 37.52% and a return on equity of 7.02%. The firm had revenue of $221.00 million during the quarter, compared to analyst estimates of $236.91 million. During the same quarter last year, the business posted $1.16 earnings per share. The company’s revenue for the quarter was down 28.2% on a year-over-year basis.
Shares of NYSE:AGO opened at $39.98 on Thursday. Assured Guaranty has a 52-week low of $32.97 and a 52-week high of $43.07. The stock has a market capitalization of $4.21 billion, a P/E ratio of 9.60 and a beta of 1.38. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.56 and a quick ratio of 0.56.
Several equities research analysts recently issued reports on AGO shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $48.00 target price on shares of Assured Guaranty in a research note on Friday, August 3rd. ValuEngine upgraded shares of Assured Guaranty from a “sell” rating to a “hold” rating in a research note on Tuesday, September 4th.
About Assured Guaranty
Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.
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