MBIA (MBI) Set to Announce Earnings on Thursday

MBIA (NYSE:MBI) is scheduled to be releasing its earnings data after the market closes on Thursday, May 9th. Analysts expect MBIA to post earnings of ($0.06) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

MBIA (NYSE:MBI) last issued its quarterly earnings data on Wednesday, February 28th. The insurance provider reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.20). The business had revenue of ($31.00) million during the quarter, compared to analysts’ expectations of $32.00 million. During the same period in the prior year, the company earned $0.30 earnings per share. On average, analysts expect MBIA to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

MBIA Stock Up 1.2 %

MBI stock opened at $6.65 on Wednesday. The stock’s 50 day moving average is $6.49 and its 200-day moving average is $7.13. MBIA has a twelve month low of $5.21 and a twelve month high of $14.37. The firm has a market capitalization of $341.01 million, a PE ratio of -0.65 and a beta of 1.47.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reduced their target price on shares of MBIA from $9.00 to $7.50 and set a “market perform” rating for the company in a research note on Monday, April 1st. StockNews.com upgraded shares of MBIA to a “sell” rating in a research note on Friday, February 23rd.

MBIA Company Profile

MBIA Inc provides financial guarantee insurance services to public finance markets in the United States. It operates United States (U.S.) Public Finance Insurance, and International and Structured Finance Insurance segments. The company issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness of the U.S.