FedNat (FNHC) Scheduled to Post Earnings on Monday

FedNat (NASDAQ:FNHC – Get Rating) is set to issue its quarterly earnings data after the market closes on Monday, May 9th. Parties that wish to listen to the company’s conference call can do so using this link.

FedNat (NASDAQ:FNHC – Get Rating) last posted its quarterly earnings results on Thursday, March 3rd. The insurance provider reported ($0.42) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.31) by $0.89. The firm had revenue of $66.97 million during the quarter, compared to analyst estimates of $82.60 million. FedNat had a negative net margin of 41.99% and a negative return on equity of 97.80%. During the same quarter in the prior year, the business posted ($1.96) earnings per share.

NASDAQ FNHC opened at $0.53 on Monday. The firm has a market capitalization of $9.25 million, a price-to-earnings ratio of -0.09 and a beta of 0.90. The business’s 50 day moving average price is $1.12. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. FedNat has a 1-year low of $0.47 and a 1-year high of $5.33.

An institutional investor recently bought a new position in FedNat stock. Millennium Management LLC purchased a new stake in shares of FedNat Holding (NASDAQ:FNHC – Get Rating) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 154,145 shares of the insurance provider’s stock, valued at approximately $640,000. Millennium Management LLC owned about 0.88% of FedNat at the end of the most recent reporting period. Hedge funds and other institutional investors own 37.73% of the company’s stock.

Several analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of FedNat in a report on Wednesday, April 27th. They set a “sell” rating for the company. Zacks Investment Research raised shares of FedNat from a “sell” rating to a “hold” rating in a report on Tuesday, January 11th.

FedNat Company Profile (Get Rating)

FedNat Holding Company, together with its subsidiaries, engages in the insurance underwriting, distribution, and claims processing business in Florida, Louisiana, Texas, Georgia, South Carolina, Alabama, and Mississippi. The company is involved in the homeowners and casualty insurance; and personal automobile insurance businesses, as well as commercial general liability and federal flood businesses.

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