Assured Guaranty (AGO) to Release Quarterly Earnings on Tuesday

Assured Guaranty (NYSE:AGO) will be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.41 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Assured Guaranty (NYSE:AGO) last released its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $5.75 earnings per share for the quarter, topping the consensus estimate of $1.18 by $4.57. Assured Guaranty had a return on equity of 11.82% and a net margin of 53.82%. The business had revenue of $233.00 million during the quarter, compared to analyst estimates of $196.15 million. During the same period last year, the company posted $0.22 EPS. The company’s revenue was up 20.7% compared to the same quarter last year. 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 Price Performance

Shares of NYSE:AGO opened at $77.87 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. Assured Guaranty has a 1 year low of $49.84 and a 1 year high of $96.60. The business has a fifty day simple moving average of $85.01 and a 200 day simple moving average of $77.25. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 6.28 and a beta of 1.14.

Assured Guaranty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.31 per share. This is a positive change from Assured Guaranty’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Tuesday, May 14th. Assured Guaranty’s dividend payout ratio (DPR) is 10.00%.

Insiders Place Their Bets

In other Assured Guaranty news, CEO Dominic Frederico sold 55,000 shares of Assured Guaranty stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $92.43, for a total transaction of $5,083,650.00. Following the completion of the sale, the chief executive officer now owns 1,450,824 shares of the company’s stock, valued at approximately $134,099,662.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AGO. UBS Group lifted their target price on Assured Guaranty from $64.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $92.00 price target (up previously from $75.00) on shares of Assured Guaranty in a report on Monday, April 1st.

Assured Guaranty Company Profile

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.