Genworth MI Canada (MIC) Scheduled to Post Earnings on Tuesday

Genworth MI Canada (TSE:MIC) will issue its quarterly earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of C$1.31 per share for the quarter.

Genworth MI Canada (TSE:MIC) last issued its quarterly earnings results on Tuesday, July 30th. The company reported C$1.38 EPS for the quarter. The company had revenue of C$168.70 million during the quarter.

Shares of MIC opened at C$52.66 on Tuesday. The company has a quick ratio of 0.19, a current ratio of 0.27 and a debt-to-equity ratio of 11.20. The business’s 50 day moving average price is C$52.09 and its 200-day moving average price is C$45.92. Genworth MI Canada has a 52 week low of C$38.18 and a 52 week high of C$53.54. The stock has a market cap of $4.56 billion and a P/E ratio of 11.27.

MIC has been the topic of a number of analyst reports. TD Securities boosted their price target on Genworth MI Canada from C$52.00 to C$55.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. BMO Capital Markets boosted their price target on Genworth MI Canada from C$54.00 to C$57.00 in a research report on Thursday, August 1st. Royal Bank of Canada raised Genworth MI Canada from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$48.00 to C$51.00 in a research report on Tuesday, July 9th. Finally, CIBC raised Genworth MI Canada from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from C$46.00 to C$48.00 in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$52.80.

In related news, Senior Officer Deborah Lynn Mcpherson sold 3,834 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of C$49.18, for a total value of C$188,556.12. Following the transaction, the insider now directly owns 16,150 shares of the company’s stock, valued at approximately C$794,257. Also, Senior Officer Philip Adrian Virgil Mayers sold 19,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of C$49.25, for a total value of C$935,750.00. Following the completion of the transaction, the insider now directly owns 21,229 shares in the company, valued at C$1,045,528.25. Insiders sold a total of 82,834 shares of company stock worth $4,248,506 over the last ninety days.

About Genworth MI Canada

Genworth MI Canada Inc, through its subsidiaries, operates as a private residential mortgage insurer in Canada. It provides mortgage default insurance to residential mortgage homebuyers, lenders, brokers, and realtors. The company was founded in 1995 and is headquartered in Oakville, Canada.

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Earnings History for Genworth MI Canada (TSE:MIC)

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