Midwest (MDWT) Scheduled to Post Quarterly Earnings on Monday

Midwest (NASDAQ:MDWTGet Rating) will release its earnings data after the market closes on Monday, May 16th. Analysts expect Midwest to post earnings of ($0.26) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Midwest (NASDAQ:MDWTGet Rating) last issued its quarterly earnings data on Thursday, March 24th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($1.82). The company had revenue of $6.33 million during the quarter, compared to analyst estimates of $14.00 million. On average, analysts expect Midwest to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NASDAQ MDWT opened at $11.17 on Monday. The stock has a market cap of $41.78 million, a price-to-earnings ratio of -2.50 and a beta of 0.63. The business has a 50 day simple moving average of $16.83 and a 200 day simple moving average of $20.20. Midwest has a 52-week low of $10.79 and a 52-week high of $46.90.

Several brokerages have recently issued reports on MDWT. Zacks Investment Research downgraded shares of Midwest from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 7th. Piper Sandler lowered shares of Midwest from an “overweight” rating to a “neutral” rating and set a $17.00 target price for the company. in a research note on Friday, April 1st.

An institutional investor recently raised its position in Midwest stock. Morgan Stanley raised its holdings in shares of Midwest Holding Inc. (NASDAQ:MDWTGet Rating) by 33,075.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,327 shares of the company’s stock after acquiring an additional 1,323 shares during the quarter. Morgan Stanley’s holdings in Midwest were worth $66,000 at the end of the most recent reporting period. 37.44% of the stock is owned by institutional investors.

Midwest Company Profile (Get Rating)

Midwest Holding Inc, a financial services company, engages in life and annuity insurance business in the United States. The company offers multi-year guaranteed and fixed indexed annuity products through independent distributors comprising independent marketing organizations. It also provides asset management services to third-party insurers and reinsurers; and other services, including policy administration services.

Featured Articles

Earnings History for Midwest (NASDAQ:MDWT)

Receive News & Ratings for Midwest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Midwest and related companies with MarketBeat.com's FREE daily email newsletter.