Assurant (AIZ) Set to Announce Earnings on Tuesday

Assurant (NYSE:AIZ) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $3.93 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Assurant (NYSE:AIZ) last posted its earnings results on Tuesday, February 6th. The financial services provider reported $4.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.88. Assurant had a net margin of 5.77% and a return on equity of 18.36%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.78 billion. On average, analysts expect Assurant to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Assurant Price Performance

Shares of NYSE:AIZ opened at $176.08 on Monday. The firm’s 50 day moving average is $178.76 and its two-hundred day moving average is $170.16. The firm has a market capitalization of $9.15 billion, a P/E ratio of 14.70, a PEG ratio of 2.23 and a beta of 0.53. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. Assurant has a 52 week low of $118.45 and a 52 week high of $189.48.

Analysts Set New Price Targets

AIZ has been the subject of a number of analyst reports. Piper Sandler boosted their price target on Assurant from $195.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Keefe, Bruyette & Woods cut Assurant from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $170.00 to $182.00 in a research report on Monday, February 12th. Finally, UBS Group upped their price objective on Assurant from $191.00 to $205.00 and gave the company a “buy” rating in a report on Monday, February 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Assurant presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.25.

Assurant Company Profile

Assurant, Inc, together with its subsidiaries, provides business services that supports, protects, and connects consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, commercial equipment, and other related services.