Assured Guaranty (AGO) Set to Announce Quarterly Earnings on Tuesday

Assured Guaranty (NYSE:AGO) will issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $1.41 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Assured Guaranty (NYSE:AGO) last announced its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $5.75 EPS for the quarter, beating the consensus estimate of $1.18 by $4.57. The business had revenue of $233.00 million during the quarter, compared to the consensus estimate of $196.15 million. Assured Guaranty had a net margin of 53.82% and a return on equity of 11.82%. The company’s revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 earnings per share. On average, analysts expect Assured Guaranty to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Assured Guaranty Trading Up 0.6 %

Shares of AGO stock opened at $77.87 on Friday. Assured Guaranty has a fifty-two week low of $49.84 and a fifty-two week high of $96.60. The stock’s fifty day moving average price is $85.01 and its two-hundred day moving average price is $77.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $4.32 billion, a PE ratio of 6.28 and a beta of 1.14.

Assured Guaranty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Wednesday, May 15th will be given a dividend of $0.31 per share. This is an increase from Assured Guaranty’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Tuesday, May 14th. Assured Guaranty’s dividend payout ratio is currently 10.00%.

Insider Activity at Assured Guaranty

In other Assured Guaranty news, CEO Dominic Frederico sold 55,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $92.43, for a total value of $5,083,650.00. Following the completion of the transaction, the chief executive officer now owns 1,450,824 shares of the company’s stock, valued at approximately $134,099,662.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AGO shares. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $92.00 target price (up previously from $75.00) on shares of Assured Guaranty in a report on Monday, April 1st. UBS Group upped their price objective on shares of Assured Guaranty from $64.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st.

About Assured Guaranty

Assured Guaranty Ltd., together with its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It operates through two segments: Insurance and Asset Management. The company offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.