Assured Guaranty (NYSE:AGO) will be posting its quarterly earnings results after the market closes on Wednesday, August 7th. Individual interested in participating in the company’s earnings conference call can do so using this link.
Assured Guaranty (NYSE:AGO) last released its earnings results on Thursday, May 9th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.07. The company had revenue of $234.00 million for the quarter, compared to the consensus estimate of $228.29 million. Assured Guaranty had a net margin of 41.81% and a return on equity of 6.25%. Assured Guaranty’s quarterly revenue was down 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.33 EPS.
Shares of AGO stock opened at $43.72 on Wednesday. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 11.47 and a beta of 1.08. The company’s fifty day simple moving average is $43.25. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.18. Assured Guaranty has a 12 month low of $36.13 and a 12 month high of $47.97.
Separately, MKM Partners boosted their price target on shares of Assured Guaranty to $65.00 and gave the company a “buy” rating in a research note on Friday, May 10th.
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.
Further Reading: What are catch-up contributions?
Receive News & Ratings for Assured Guaranty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Assured Guaranty and related companies with MarketBeat.com's FREE daily email newsletter.