Hagerty (HGTY) Set to Announce Earnings on Tuesday

Hagerty (NYSE:HGTY) will be posting its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Hagerty to post earnings of $0.03 per share for the quarter. Hagerty has set its FY 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Hagerty (NYSE:HGTY) last announced its earnings results on Tuesday, March 12th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $245.04 million for the quarter, compared to the consensus estimate of $245.17 million. Hagerty had a return on equity of 4.53% and a net margin of 1.84%. On average, analysts expect Hagerty to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Hagerty Stock Performance

Shares of NYSE:HGTY opened at $8.92 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.48 and a current ratio of 1.48. Hagerty has a one year low of $7.52 and a one year high of $10.01. The business’s 50-day simple moving average is $8.85 and its 200 day simple moving average is $8.40. The company has a market cap of $2.99 billion, a P/E ratio of 127.86 and a beta of 0.77.

Insiders Place Their Bets

In other Hagerty news, Director Robert I. Kauffman sold 3,465 shares of Hagerty stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $9.02, for a total transaction of $31,254.30. Following the sale, the director now directly owns 3,424,072 shares in the company, valued at approximately $30,885,129.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robert I. Kauffman sold 2,848 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $9.08, for a total value of $25,859.84. Following the completion of the sale, the director now directly owns 3,447,059 shares in the company, valued at approximately $31,299,295.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert I. Kauffman sold 3,465 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $9.02, for a total value of $31,254.30. Following the completion of the sale, the director now owns 3,424,072 shares of the company’s stock, valued at $30,885,129.44. The disclosure for this sale can be found here. Insiders have sold 17,943 shares of company stock worth $162,121 in the last three months. 17.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. started coverage on Hagerty in a report on Thursday, January 11th. They set a “neutral” rating and a $9.00 price objective on the stock.

About Hagerty

Hagerty, Inc provides insurance agency services worldwide. It offers motor vehicle and boat insurance products; and reinsurance products. The company provides Hagerty Media, which publishes contents through the Hagerty Drivers Club Magazine (HDC), video content, and social media channels; HDC that offers subscription based products and services, including HDC Magazine, automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and special vehicle-related discounts.