Assured Guaranty (AGO) Set to Announce Earnings on Tuesday

Assured Guaranty (NYSE:AGO) is scheduled to be issuing 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 registering for the company’s conference call can do so using this link.

Assured Guaranty (NYSE:AGO) last announced its earnings results on Wednesday, February 28th. The financial services provider reported $5.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $4.57. Assured Guaranty had a net margin of 53.82% and a return on equity of 11.82%. The business had revenue of $233.00 million for the quarter, compared to analyst estimates of $196.15 million. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Assured Guaranty’s revenue was up 20.7% compared to the same quarter last year. 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 Stock Performance

AGO stock traded down $1.22 on Tuesday, reaching $77.23. 44,514 shares of the company were exchanged, compared to its average volume of 378,619. Assured Guaranty has a 12 month low of $49.84 and a 12 month high of $96.60. The stock’s fifty day moving average price is $85.60 and its 200 day moving average price is $76.83. The firm has a market capitalization of $4.28 billion, a PE ratio of 6.33 and a beta of 1.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.88 and a quick ratio of 0.88.

Assured Guaranty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.45%. The ex-dividend date was Tuesday, March 5th. Assured Guaranty’s dividend payout ratio (DPR) is presently 10.00%.

Analysts Set New Price Targets

AGO has been the topic of several recent analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $92.00 target price (up previously from $75.00) on shares of Assured Guaranty in a research note on Monday, April 1st. UBS Group upped their target price on shares of Assured Guaranty from $64.00 to $102.00 and gave the company a “neutral” rating in a research report on Friday, March 1st.

Insider Transactions at Assured Guaranty

In other news, CEO Dominic Frederico sold 55,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $92.43, for a total transaction of $5,083,650.00. Following the completion of the transaction, the chief executive officer now directly owns 1,450,824 shares of the company’s stock, valued at approximately $134,099,662.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.10% of the company’s stock.

Assured Guaranty Company Profile

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.