Heritage Insurance (NYSE:HRTG) is scheduled to be releasing its earnings data after the market closes on Monday, August 3rd. Analysts expect Heritage Insurance to post earnings of $0.33 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Heritage Insurance (NYSE:HRTG) last posted its earnings results on Monday, May 4th. The insurance provider reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. Heritage Insurance had a net margin of 5.57% and a return on equity of 6.57%. The company had revenue of $132.71 million for the quarter, compared to analyst estimates of $127.39 million. On average, analysts expect Heritage Insurance to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
HRTG opened at $11.87 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.73 and a quick ratio of 0.73. Heritage Insurance has a fifty-two week low of $7.50 and a fifty-two week high of $15.61. The firm has a market capitalization of $334.85 million, a PE ratio of 11.98 and a beta of 0.72. The company’s 50-day moving average is $12.41 and its 200 day moving average is $11.84.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Monday, June 15th were issued a $0.06 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.02%. Heritage Insurance’s dividend payout ratio is presently 25.26%.
A number of equities research analysts recently weighed in on the stock. ValuEngine lowered shares of Heritage Insurance from a “hold” rating to a “sell” rating in a report on Wednesday, April 29th. JMP Securities lowered their target price on shares of Heritage Insurance from $18.00 to $17.00 and set a “market outperform” rating on the stock in a report on Thursday, April 16th. Piper Sandler upgraded shares of Heritage Insurance from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $12.00 to $15.00 in a report on Monday, April 6th. Finally, Zacks Investment Research lowered shares of Heritage Insurance from a “hold” rating to a “sell” rating in a report on Friday, July 17th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $15.50.
About Heritage Insurance
Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential property insurance for single-family homeowners and condominium owners; rental property insurance; and commercial residential insurance in Alabama, Connecticut, Florida, Georgia, Hawaii, Massachusetts, New York, New Jersey, North Carolina, Rhode Island, and South Carolina, as well as residential wind-only property insurance.
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