HCI Group (HCI) Set to Announce Earnings on Thursday

HCI Group (NYSE:HCI) is scheduled to be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect HCI Group to post earnings of $0.61 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

HCI Group (NYSE:HCI) last announced its earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.63. The firm had revenue of $206.25 million for the quarter, compared to the consensus estimate of $196.67 million. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. During the same quarter in the previous year, the business earned $1.22 EPS. On average, analysts expect HCI Group to post $6 EPS for the current fiscal year and $13 EPS for the next fiscal year.

HCI Group Price Performance

NYSE HCI opened at $112.29 on Tuesday. The firm’s 50-day simple moving average is $106.71 and its two-hundred day simple moving average is $100.29. The company has a market cap of $1.18 billion, a PE ratio of 8.78 and a beta of 1.12. HCI Group has a 52 week low of $61.23 and a 52 week high of $124.00. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.41.

HCI Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 15th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.60 annualized dividend and a yield of 1.42%. HCI Group’s payout ratio is currently 12.51%.

Wall Street Analyst Weigh In

HCI has been the topic of several analyst reports. StockNews.com cut HCI Group from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. JMP Securities reissued a “market outperform” rating and set a $145.00 price objective on shares of HCI Group in a research note on Tuesday, October 15th. Finally, Compass Point restated a “neutral” rating and set a $120.00 price objective (up from $119.00) on shares of HCI Group in a report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

HCI Group Company Profile

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.