Brokerages Expect Heritage Insurance Holdings, Inc. (NYSE:HRTG) to Post $0.13 Earnings Per Share

Equities investigate analysts assume Heritage Insurance policy Holdings, Inc. (NYSE:HRTG – Get Ranking) to report earnings of $.13 for every share for the recent quarter, according to Zacks Investment Investigate. Two analysts have designed estimates for Heritage Insurance’s earnings, with estimates ranging from $.06 to $.19. Heritage Insurance plan posted earnings of ($.19) per share throughout the exact quarter previous calendar year, which indicates a constructive calendar year more than calendar year growth rate of 168.4%. The business is predicted to report its upcoming earnings report on Monday, January 1st.

On common, analysts anticipate that Heritage Insurance plan will report whole calendar year earnings of $.50 for every share for the present 12 months. For the up coming year, analysts count on that the organization will publish earnings of $.88 for every share, with EPS estimates ranging from $.80 to $.95. Zacks Investment decision Research’s earnings per share calculations are a imply ordinary primarily based on a survey of analysts that that provide protection for Heritage Insurance policy.

Heritage Insurance policy (NYSE:HRTG – Get Score) final posted its earnings results on Monday, March 7th. The insurance coverage service provider claimed $.41 EPS for the quarter, topping the consensus estimate of $.14 by $.27. Heritage Coverage experienced a unfavorable return on fairness of 3.56% and a damaging internet margin of 11.83%. During the same quarter last calendar year, the small business attained $.10 EPS.

Various analysts lately commented on the corporation. StockNews.com assumed coverage on Heritage Insurance policy in a report on Thursday. They established a “buy” score on the stock. Zacks Expenditure Research raised Heritage Insurance coverage from a “hold” ranking to a “buy” score and established a $7.00 goal selling price on the inventory in a report on Friday, March 11th.

Heritage Coverage stock traded down $.29 in the course of midday investing on Tuesday, hitting $6.85. 143,051 shares of the corporation were being exchanged, in comparison to its normal quantity of 193,407. The business has a sector capitalization of $183.68 million, a PE ratio of -2.53 and a beta of .50. Heritage Insurance policies has a fifty-two 7 days very low of $5.30 and a fifty-two 7 days substantial of $11.29. The business enterprise has a fifty day basic going ordinary of $6.17 and a two-hundred working day easy relocating normal of $6.41. The organization has a financial debt-to-fairness ratio of .35, a quick ratio of .68 and a recent ratio of .68.

The business also just lately declared a quarterly dividend, which will be compensated on Wednesday, April 6th. Shareholders of report on Thursday, March 17th will be offered a dividend of $.06 per share. The ex-dividend date is Wednesday, March 16th. This represents a $.24 dividend on an annualized basis and a produce of 3.50%. Heritage Insurance’s dividend payout ratio is at this time -8.86%.

A variety of hedge money have not too long ago modified their holdings of HRTG. Point72 Hong Kong Ltd ordered a new place in shares of Heritage Coverage in the 3rd quarter valued at approximately $27,000. Herold Advisors Inc. bought a new posture in shares of Heritage Coverage in the third quarter valued at somewhere around $34,000. Ensign Peak Advisors Inc purchased a new place in shares of Heritage Insurance plan in the fourth quarter valued at somewhere around $39,000. Citigroup Inc. lifted its situation in shares of Heritage Insurance policy by 105.7% in the fourth quarter. Citigroup Inc. now owns 7,149 shares of the insurance policy provider’s inventory valued at $42,000 just after attaining an more 3,673 shares in the past quarter. Lastly, BNP Paribas Arbitrage SA lifted its placement in shares of Heritage Insurance plan by 65.7% in the third quarter. BNP Paribas Arbitrage SA now owns 8,431 shares of the insurance provider’s stock valued at $57,000 soon after attaining an extra 3,344 shares in the past quarter. Institutional traders very own 60.85% of the company’s stock.

Heritage Insurance plan Corporation Profile (Get Ranking)

Heritage Insurance policy Holdings, Inc engages in the provision of personal and residential high quality, residence, and casualty insurance plan guidelines. It gives individual residential insurance plan for one-family owners and condominium proprietors, rental assets insurance plan, and industrial residential insurance policy. The organization was established in August 2012 and is headquartered in Clearwater, FL.

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