Hagerty (HGTY) Set to Announce Earnings on Tuesday

Hagerty (NYSE:HGTY) is scheduled to be issuing its quarterly earnings data 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.Parties interested in registering for the company’s conference call can do so using this link.

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

Hagerty Stock Performance

HGTY opened at $8.92 on Monday. Hagerty has a 52-week low of $7.52 and a 52-week high of $10.01. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.32. The company has a market cap of $2.99 billion, a P/E ratio of 127.43 and a beta of 0.77. The firm’s 50-day moving average price is $8.85 and its 200-day moving average price is $8.40.

Insider Activity at Hagerty

In related news, Director Robert I. Kauffman sold 2,848 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $9.08, for a total value of $25,859.84. Following the sale, the director now owns 3,447,059 shares in the company, valued at $31,299,295.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Hagerty news, Director Robert I. Kauffman sold 3,036 shares of Hagerty stock in a transaction that occurred 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 transaction, the director now owns 3,421,036 shares of the company’s stock, valued at $31,028,796.52. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert I. Kauffman sold 2,848 shares of Hagerty stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $9.08, for a total value of $25,859.84. Following the transaction, the director now directly owns 3,447,059 shares in the company, valued at approximately $31,299,295.72. The disclosure for this sale can be found here. Insiders have sold a total of 17,943 shares of company stock worth $162,121 over the last quarter. Insiders own 17.90% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. began coverage on shares of Hagerty in a report on Thursday, January 11th. They set a “neutral” rating and a $9.00 price objective 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.