Hagerty (HGTY) Set to Announce Earnings on Tuesday

Hagerty (NYSE:HGTY) will announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Hagerty has set its FY 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Hagerty (NYSE:HGTY) last announced its earnings results on Tuesday, March 12th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $245.04 million for the quarter, compared to the consensus estimate of $245.17 million. Hagerty had a return on equity of 4.53% and a net margin of 1.84%. On average, analysts expect Hagerty to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Hagerty Stock Down 0.3 %

Shares of Hagerty stock opened at $8.92 on Monday. The business’s fifty day moving average price is $8.85 and its two-hundred day moving average price is $8.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market capitalization of $2.99 billion, a P/E ratio of 127.43 and a beta of 0.77. Hagerty has a 1-year low of $7.52 and a 1-year high of $10.01.

Insider Transactions at Hagerty

In other news, Director Robert I. Kauffman sold 3,465 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $9.02, for a total value of $31,254.30. Following the sale, the director now owns 3,424,072 shares of the company’s stock, valued at approximately $30,885,129.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Robert I. Kauffman sold 3,036 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $9.07, for a total transaction of $27,536.52. Following the sale, the director now directly owns 3,421,036 shares of the company’s stock, valued at $31,028,796.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert I. Kauffman sold 3,465 shares of Hagerty stock in a transaction on Monday, April 15th. The shares were sold at an average price of $9.02, for a total value of $31,254.30. Following the transaction, the director now owns 3,424,072 shares in the company, valued at approximately $30,885,129.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,943 shares of company stock valued at $162,121. Corporate insiders own 17.90% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. started coverage on Hagerty in a research note on Thursday, January 11th. They set a “neutral” rating and a $9.00 target price on the stock.

Hagerty Company Profile

Hagerty, Inc provides insurance agency services worldwide. It offers motor vehicle and boat insurance products; and reinsurance products. The company provides Hagerty Media, which publishes contents through the Hagerty Drivers Club Magazine (HDC), video content, and social media channels; HDC that offers subscription based products and services, including HDC Magazine, automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and special vehicle-related discounts.