Assured Guaranty Ltd. (NYSE:AGO) will be posting its quarterly earnings results after the market closes on Thursday, November 2nd. Analysts expect Assured Guaranty to post earnings of $0.78 per share for the quarter.
Assured Guaranty (NYSE:AGO) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.44. The firm had revenue of $308.00 million for the quarter, compared to analyst estimates of $288.15 million. Assured Guaranty had a return on equity of 16.00% and a net margin of 61.25%. The company’s revenue for the quarter was down 22.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. On average, analysts expect Assured Guaranty to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Assured Guaranty Ltd. (AGO) opened at 37.10 on Wednesday. Assured Guaranty Ltd. has a 12-month low of $29.37 and a 12-month high of $45.73. The firm’s 50-day moving average price is $38.68 and its 200 day moving average price is $40.73. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 4.17 and a beta of 1.65.
AGO has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $42.00 price target on shares of Assured Guaranty in a report on Tuesday, July 4th. BidaskClub upgraded Assured Guaranty from a “hold” rating to a “buy” rating in a report on Friday, July 7th. BTIG Research reiterated a “buy” rating and set a $49.00 price target on shares of Assured Guaranty in a report on Friday, July 14th. UBS AG reiterated a “buy” rating and set a $47.00 price target (down from $49.00) on shares of Assured Guaranty in a report on Wednesday, October 4th. Finally, MKM Partners reiterated a “buy” rating on shares of Assured Guaranty in a report on Thursday, October 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $47.00.
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About Assured Guaranty
Assured Guaranty Ltd. is a holding company. The Company, through its subsidiaries, provides credit protection products to the United States and international public finance, including infrastructure, and structured finance markets. It applies its credit underwriting judgment, risk management skills and capital markets experience primarily to offer financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.
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