MBIA (MBI) Scheduled to Post Quarterly Earnings on Thursday

MBIA (NYSE:MBI) is scheduled to announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

MBIA (NYSE:MBI) last announced its quarterly earnings results on Tuesday, August 6th. The insurance provider reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($2.75). The firm had revenue of ($37.00) million during the quarter, compared to analyst estimates of $29.00 million. During the same quarter last year, the firm earned ($0.45) EPS. On average, analysts expect MBIA to post $-4 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

MBIA Trading Up 4.5 %

Shares of MBIA stock opened at $3.99 on Wednesday. The business’s 50 day simple moving average is $3.67 and its 200-day simple moving average is $4.68. The stock has a market capitalization of $203.60 million, a price-to-earnings ratio of -0.28 and a beta of 1.41. MBIA has a twelve month low of $3.22 and a twelve month high of $14.37.

Analysts Set New Price Targets

Separately, Roth Mkm dropped their price target on MBIA from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th.

About MBIA

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.