Assurant (AIZ) to Release Earnings on Tuesday

Assurant (NYSE:AIZ) will be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $3.93 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Assurant (NYSE:AIZ) last issued its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $4.58 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.88. Assurant had a return on equity of 18.36% and a net margin of 5.77%. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.78 billion. On average, analysts expect Assurant to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Assurant Stock Performance

Shares of Assurant stock opened at $175.21 on Tuesday. The company has a market capitalization of $9.11 billion, a PE ratio of 14.63, a P/E/G ratio of 2.19 and a beta of 0.50. The company has a 50-day simple moving average of $178.86 and a two-hundred day simple moving average of $169.49. Assurant has a one year low of $118.45 and a one year high of $189.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.41.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods downgraded shares of Assurant from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $170.00 to $182.00 in a research report on Monday, February 12th. UBS Group raised their target price on shares of Assurant from $191.00 to $205.00 and gave the company a “buy” rating in a research note on Monday, February 12th. Finally, Piper Sandler upped their price target on Assurant from $195.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Assurant currently has an average rating of “Moderate Buy” and a consensus price target of $192.20.

Assurant Company Profile

Assurant, Inc, together with its subsidiaries, provides business services that supports, protects, and connects consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, commercial equipment, and other related services.