HCI Group (HCI) Set to Announce Quarterly Earnings on Thursday

HCI Group (NYSE:HCI) is set to announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

HCI Group (NYSE:HCI) last released its earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.63. HCI Group had a net margin of 21.63% and a return on equity of 44.01%. The firm had revenue of $206.25 million for the quarter, compared to the consensus estimate of $196.67 million. During the same period in the prior year, the firm earned $1.22 EPS. On average, analysts expect HCI Group to post $6 EPS for the current fiscal year and $13 EPS for the next fiscal year.

HCI Group Trading Up 0.2 %

HCI Group stock opened at $112.29 on Tuesday. HCI Group has a 12 month low of $61.23 and a 12 month high of $124.00. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The business’s fifty day simple moving average is $106.71 and its two-hundred day simple moving average is $100.29. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 8.78 and a beta of 1.12.

HCI Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, November 15th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Friday, November 15th. HCI Group’s payout ratio is 12.51%.

Analyst Ratings Changes

Several research analysts have weighed in on HCI shares. StockNews.com downgraded HCI Group from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. JMP Securities reaffirmed a “market outperform” rating and issued a $145.00 price target on shares of HCI Group in a research note on Tuesday, October 15th. Finally, Compass Point restated a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of HCI Group in a report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $129.25.

About HCI Group

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.