Genworth Financial (NYSE:GNW) Issues Quarterly Earnings Results, Misses Expectations By $0.14 EPS

Genworth Financial (NYSE:GNW) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.14), RTT News reports. Genworth Financial had a return on equity of 0.31% and a net margin of 1.19%. During the same period in the previous year, the business posted ($0.51) earnings per share.

Genworth Financial Stock Up 0.5 %

Shares of NYSE GNW opened at $7.33 on Wednesday. Genworth Financial has a 52 week low of $5.67 and a 52 week high of $7.90. The business has a 50-day simple moving average of $7.12 and a two-hundred day simple moving average of $7.02. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.13 billion, a P/E ratio of 34.88 and a beta of 1.00.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Genworth Financial from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

Genworth Financial Company Profile

Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.