MBIA (MBI) Expected to Announce Quarterly Earnings on Wednesday

MBIA (NYSE:MBI) will likely be issuing its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect MBIA to post earnings of ($0.31) per share and revenue of $28.70 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

MBIA Trading Down 1.4 %

NYSE MBI opened at $6.82 on Monday. MBIA has a 1 year low of $3.22 and a 1 year high of $7.46. The company has a market cap of $347.77 million, a PE ratio of -0.60 and a beta of 1.62. The stock’s 50-day moving average price is $6.50 and its two-hundred day moving average price is $5.17.

Insider Buying and Selling at MBIA

In other news, Director Theodore Shasta sold 9,570 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $6.74, for a total value of $64,501.80. Following the completion of the sale, the director now directly owns 61,794 shares of the company’s stock, valued at $416,491.56. This represents a 13.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 12.58% of the company’s stock.

Analyst Ratings Changes

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

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.