Genworth Financial (NYSE:GNW) Issues Quarterly Earnings Results

Genworth Financial (NYSE:GNW) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.14), RTT News reports. Genworth Financial had a return on equity of 0.31% and a net margin of 1.19%. During the same quarter in the prior year, the firm earned ($0.51) EPS.

Genworth Financial Price Performance

Shares of GNW traded up $0.04 during mid-day trading on Tuesday, hitting $7.33. 5,479,319 shares of the company traded hands, compared to its average volume of 3,855,301. Genworth Financial has a one year low of $5.67 and a one year high of $7.90. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average of $7.12 and a 200 day moving average of $7.02. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 34.88 and a beta of 1.00.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Genworth Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

Genworth Financial Company Profile

Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.