MGIC Investment Corporation (NYSE:MTG) Set to Announce Quarterly Earnings on Thursday

MGIC Investment Corporation (NYSE:MTG) will be issuing its quarterly earnings data before the market opens on Thursday, July 20th. Analysts expect the company to announce earnings of $0.25 per share for the quarter.

MGIC Investment Corporation (NYSE:MTG) last announced its earnings results on Thursday, April 20th. The insurance provider reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.07. MGIC Investment Corporation had a return on equity of 17.00% and a net margin of 34.10%. The business had revenue of $260.90 million for the quarter, compared to analysts’ expectations of $262.97 million. During the same period in the prior year, the business posted $0.17 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. On average, analysts expect MGIC Investment Corporation to post $1.06 EPS for the current fiscal year and $1.13 EPS for the next fiscal year.

Shares of MGIC Investment Corporation (NYSE:MTG) opened at 11.68 on Tuesday. The company has a 50-day moving average price of $10.88 and a 200 day moving average price of $10.61. The company has a market capitalization of $4.33 billion, a PE ratio of 12.63 and a beta of 2.07. MGIC Investment Corporation has a one year low of $6.32 and a one year high of $11.76.

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Several equities analysts recently issued reports on the company. BidaskClub lowered MGIC Investment Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. ValuEngine upgraded MGIC Investment Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered MGIC Investment Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. MKM Partners restated a “buy” rating and set a $13.00 price target (up from $10.00) on shares of MGIC Investment Corporation in a research report on Tuesday, April 25th. Finally, Deutsche Bank AG restated a “buy” rating and set a $13.00 price target (up from $12.00) on shares of MGIC Investment Corporation in a research report on Sunday, April 23rd. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $11.55.

MGIC Investment Corporation Company Profile

MGIC Investment Corporation is a holding company. The Company, through its subsidiaries, provides private mortgage insurance and ancillary services. The Company provides mortgage insurance to lenders throughout the United States and to government-sponsored entities to protect against loss from defaults on low down payment residential mortgage loans.

Earnings History for MGIC Investment Corporation (NYSE:MTG)

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