Assured Guaranty (AGO) Set to Announce Earnings on Monday

Assured Guaranty (NYSE:AGO) is scheduled to be announcing its earnings results after the market closes on Monday, November 11th. Analysts expect the company to announce earnings of $1.42 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Assured Guaranty (NYSE:AGO) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.05. Assured Guaranty had a net margin of 61.17% and a return on equity of 13.19%. The firm had revenue of $202.00 million for the quarter, compared to the consensus estimate of $193.05 million. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm’s quarterly revenue was down 43.9% on a year-over-year basis. On average, analysts expect Assured Guaranty to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Assured Guaranty Stock Performance

Assured Guaranty stock opened at $82.56 on Monday. Assured Guaranty has a 12-month low of $63.66 and a 12-month high of $96.60. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 6.71 and a beta of 1.10. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.96 and a quick ratio of 0.96. The firm’s fifty day moving average price is $81.37 and its 200 day moving average price is $79.07.

Assured Guaranty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.50%. The ex-dividend date was Wednesday, August 21st. Assured Guaranty’s dividend payout ratio (DPR) is 10.08%.

Insider Buying and Selling at Assured Guaranty

In other Assured Guaranty news, CEO Dominic Frederico sold 31,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $80.01, for a total transaction of $2,480,310.00. Following the completion of the transaction, the chief executive officer now directly owns 1,380,119 shares of the company’s stock, valued at $110,423,321.19. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Assured Guaranty news, CEO Dominic Frederico sold 31,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $80.01, for a total transaction of $2,480,310.00. Following the completion of the transaction, the chief executive officer now directly owns 1,380,119 shares of the company’s stock, valued at $110,423,321.19. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Yukiko Omura sold 3,599 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $79.73, for a total transaction of $286,948.27. Following the transaction, the director now directly owns 19,285 shares of the company’s stock, valued at $1,537,593.05. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AGO shares. Keefe, Bruyette & Woods raised shares of Assured Guaranty from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $87.00 to $92.00 in a report on Tuesday, July 9th. UBS Group raised their price objective on shares of Assured Guaranty from $84.00 to $87.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Roth Mkm reissued a “buy” rating and set a $110.00 price objective on shares of Assured Guaranty in a report on Tuesday, July 9th. Finally, StockNews.com lowered shares of Assured Guaranty from a “hold” rating to a “sell” rating in a report on Friday, October 18th.

About Assured Guaranty

Assured Guaranty Ltd., together with its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It operates through two segments: Insurance and Asset Management. The company offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.