Genworth MI Canada Inc Expected to Earn Q1 2018 Earnings of $1.09 Per Share (MIC)

Genworth MI Canada Inc (TSE:MIC) – Equities research analysts at National Bank Financial issued their Q1 2018 earnings per share estimates for shares of Genworth MI Canada in a research note issued on Wednesday. National Bank Financial analyst J. Gloyn anticipates that the company will post earnings of $1.09 per share for the quarter. National Bank Financial has a “Outperform” rating and a $49.00 price target on the stock. National Bank Financial also issued estimates for Genworth MI Canada’s Q3 2018 earnings at $1.26 EPS and Q4 2018 earnings at $1.29 EPS.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada increased their price target on shares of Genworth MI Canada from C$41.00 to C$42.00 and gave the company an “underperform” rating in a report on Wednesday, February 7th. Scotiabank increased their price target on shares of Genworth MI Canada from C$44.00 to C$46.00 and gave the company a “sector perform” rating in a report on Thursday, February 8th. TD Securities cut shares of Genworth MI Canada from a “buy” rating to a “hold” rating and increased their price objective for the company from C$45.00 to C$46.00 in a research note on Thursday, December 7th. BMO Capital Markets increased their price objective on shares of Genworth MI Canada from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Finally, CIBC cut shares of Genworth MI Canada from an “outperform” rating to a “neutral” rating and increased their price objective for the company from C$45.00 to C$46.00 in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of C$46.50.

Genworth MI Canada (TSE MIC) opened at C$41.40 on Monday. The stock has a market cap of $3,720.00, a PE ratio of 7.20 and a beta of 1.64. Genworth MI Canada has a twelve month low of C$30.38 and a twelve month high of C$44.49.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Tuesday, February 20th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 4.54%. This is a boost from Genworth MI Canada’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, February 15th. Genworth MI Canada’s dividend payout ratio is presently 31.13%.

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About Genworth MI Canada

Genworth MI Canada Inc, through its subsidiary, Genworth Financial Mortgage Insurance Company Canada, operates as a private-sector residential mortgage insurer. The Company provides mortgage default insurance to Canadian residential mortgage lenders. It underwrites mortgage insurance for residential properties in various provinces and territories of Canada.

Earnings History and Estimates for Genworth MI Canada (TSE:MIC)

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