Genworth Financial (GNW) Issues Quarterly Earnings Results, Beats Expectations By $0.45 EPS


Among 16 analysts covering Novartis Ag (NYSE:NVS), 5 have Buy rating, 4 Sell and 7 Hold.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 12.9%, and has a solid year to date (YTD) performance of 5.98% which means that the stock is constantly adding to its value from the previous fiscal year end price.

Press coverage about Genworth Financial (NYSE:GNW) has been trending somewhat positive recently, according to Accern Sentiment.

On average, analysts expect that Genworth Financial will report full year sales of $2.16 billion for the current year, with estimates ranging from $8.52 billion to $8.58 billion. Analysts set a 12-month price target of $3.93 a share.

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Genworth Financial (NYSE:GNW) reported its fourth-quarter earnings today, and investors seem to be happy with the results. Company's return on equity, which is really just the product of the company's profit margin, asset turnover, and financial leverage ratios, is 3.70%, which is worse than the Life Insurance industry average ROE. The Stock has its 52-week High of $4.23 and 52-Week Low of $2.75 and it touched its 52-week high on 04/11/17 and 52-Week Low on 02/06/18. During the same period in the prior year, the firm posted ($0.81) EPS. Litespeed Management L.L.C. now owns 3,435,094 shares of the financial services provider's stock valued at $13,225,000 after buying an additional 525,000 shares in the last quarter.

GNW has been the subject of a number of analyst reports. Wells Fargo & Co reaffirmed a "hold" rating on shares of Genworth Financial in a report on Wednesday, November 29th. Finally, ValuEngine cut Genworth Financial from a "buy" rating to a "hold" rating in a research report on Sunday, December 31st. Macquarie Research maintained Genworth Financial, Inc. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. On average, equities research analysts forecast that Genworth Financial Inc will post $1.06 earnings per share for the current fiscal year. Investors seem to be very interested in what happens to the stocks of these two companies but do investors favor one over the other? Vanguard Group Inc. increased its position in shares of Genworth Financial by 7.0% in the second quarter. The biggest holder now is Michael D. Fraizer who owns 710,279 shares (0.14% of those outstanding), whilst James A. Parke holds 350,000 (0.07% of shares outstanding) and Kevin D. Schneider holds 169,259 (0.03% of shares outstanding). Arbiter Partners Capital Management Llc, a New York-based fund reported 113,095 shares. Geode Capital Management Limited Liability has invested 0.01% of its portfolio in Genworth Financial, Inc. As the name implies that ABR will show you the Average of Brokerage Recommendations on a given stock. Fondren Management LP purchased a new position in Genworth Financial during the 2nd quarter worth $189,000.

The value of a stock is ultimately determined by the amount of cash flow that the investors have available. (NYSE:GNW). Brave Asset Inc, a New Jersey-based fund reported 18,900 shares. About 5.37 million shares traded or 27.95% up from the average. Genworth Financial has a 1-year low of $2.75 and a 1-year high of $4.23. The stock has a beta value of 2.56. However the company reported $-0.27 earnings per share for the same quarter during previous year.

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Genworth Financial, Inc. (GNW) has the market capitalization of $1.54 Billion.

Genworth's US full-year mortgage insurance operating income increased 24% over 2016.