Stewart Information Services (NYSE:STC – Get Free Report) released its quarterly earnings results on Wednesday. The insurance provider reported $0.91 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.13), Briefing.com reports. Stewart Information Services had a net margin of 1.85% and a return on equity of 5.16%. The firm had revenue of $602.20 million for the quarter, compared to analysts’ expectations of $597.00 million. During the same period in the previous year, the company posted $0.69 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year.
Stewart Information Services Price Performance
Shares of STC stock traded up $1.23 during mid-day trading on Friday, hitting $73.56. 30,640 shares of the stock were exchanged, compared to its average volume of 201,503. Stewart Information Services has a 52-week low of $38.40 and a 52-week high of $74.46. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.33. The company has a market cap of $2.03 billion, a PE ratio of 48.34 and a beta of 1.21. The firm has a fifty day moving average of $64.32 and a 200 day moving average of $62.52.
Stewart Information Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were issued a $0.475 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $1.90 dividend on an annualized basis and a yield of 2.58%. Stewart Information Services’s payout ratio is 125.00%.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on Stewart Information Services
Stewart Information Services Company Profile
Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction related services in the United States and internationally. The company involves in searching, examining, closing, and insuring the condition of the title to real property. It also offers home and personal insurance services; services for tax-deferred exchanges; and digital customer engagement platform services.
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