MBIA (MBI) Expected to Announce Earnings on Wednesday

MBIA (NYSE:MBI) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.31) per share and revenue of $28.70 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

MBIA Stock Up 1.5 %

Shares of MBI opened at $6.91 on Tuesday. MBIA has a 52-week low of $3.22 and a 52-week high of $7.46. The company has a 50-day simple moving average of $6.51 and a 200-day simple moving average of $5.19. The company has a market capitalization of $352.36 million, a PE ratio of -0.61 and a beta of 1.62.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MBI shares. StockNews.com cut shares of MBIA from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods raised MBIA from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $6.50 to $9.00 in a research note on Monday, November 18th.

Insider Buying and Selling

In other news, Director Theodore Shasta sold 11,261 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $6.13, for a total transaction of $69,029.93. Following the completion of the transaction, the director now directly owns 71,364 shares of the company’s stock, valued at $437,461.32. This trade represents a 13.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 13.79% of the company’s stock.

About MBIA

MBIA Inc provides financial guarantee insurance services to public finance markets in the United States. It operates United States (U.S.) Public Finance Insurance, and International and Structured Finance Insurance segments. The company issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness of the U.S.