Zacks: Analysts Expect FGL Holdings (FG) Will Announce Earnings of $0.28 Per Share

Analysts expect FGL Holdings (NYSE:FG) to report $0.28 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for FGL’s earnings. The firm is expected to issue its next quarterly earnings report on Wednesday, February 6th.

According to Zacks, analysts expect that FGL will report full-year earnings of $1.12 per share for the current financial year. For the next fiscal year, analysts expect that the business will report earnings of $1.33 per share. Zacks’ EPS calculations are an average based on a survey of research analysts that cover FGL.

FGL (NYSE:FG) last issued its quarterly earnings results on Thursday, November 8th. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. FGL had a return on equity of 7.49% and a net margin of 3.74%. The business had revenue of $444.00 million during the quarter, compared to the consensus estimate of $349.58 million. During the same period in the previous year, the business earned $1.11 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis.



A number of brokerages have recently weighed in on FG. Zacks Investment Research downgraded FGL from a “hold” rating to a “sell” rating in a report on Tuesday, November 27th. TheStreet upgraded FGL from an “e+” rating to a “c” rating in a report on Thursday, November 8th. ValuEngine downgraded FGL from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Credit Suisse Group lowered their price target on FGL from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, August 17th. Finally, Goldman Sachs Group began coverage on FGL in a report on Tuesday, August 21st. They issued a “neutral” rating and a $10.50 price target for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. FGL currently has an average rating of “Hold” and an average price target of $10.45.

Shares of NYSE FG opened at $7.56 on Monday. FGL has a twelve month low of $7.54 and a twelve month high of $10.74. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.37.

In other news, insider Christopher J. Littlefield acquired 30,000 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was acquired at an average price of $8.74 per share, for a total transaction of $262,200.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dennis Vigneau acquired 25,000 shares of the business’s stock in a transaction dated Thursday, September 13th. The stock was purchased at an average price of $8.75 per share, with a total value of $218,750.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 105,000 shares of company stock valued at $918,950 in the last 90 days. Insiders own 21.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of FGL in the third quarter valued at $103,000. Fox Run Management L.L.C. acquired a new stake in shares of FGL during the third quarter worth $112,000. Zeke Capital Advisors LLC acquired a new stake in shares of FGL during the third quarter worth $132,000. FNY Investment Advisers LLC acquired a new stake in shares of FGL during the third quarter worth $134,000. Finally, Amalgamated Bank acquired a new stake in shares of FGL during the second quarter worth $161,000. Institutional investors and hedge funds own 68.55% of the company’s stock.

FGL Company Profile

FGL Holdings, through its subsidiaries, sells individual life insurance products and annuities in the United States. The company offers deferred annuities, including fixed indexed annuity contracts and fixed rate annuity contracts; immediate annuities; and life insurance products. It also provides life and annuity reinsurance services, such as reinsurance on asset intensive, long duration life, and annuity liabilities.

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