Heritage Insurance (HRTG) Scheduled to Post Earnings on Wednesday

Heritage Insurance (NYSE:HRTG) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Heritage Insurance (NYSE:HRTG) last posted its earnings results on Monday, March 11th. The insurance provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.70. The company had revenue of $186.97 million for the quarter, compared to analysts’ expectations of $185.11 million. Heritage Insurance had a return on equity of 26.69% and a net margin of 6.16%. On average, analysts expect Heritage Insurance to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Heritage Insurance Stock Up 7.4 %

NYSE HRTG opened at $10.20 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market capitalization of $308.24 million, a PE ratio of 5.93 and a beta of 0.90. Heritage Insurance has a 1 year low of $3.15 and a 1 year high of $11.23. The business’s 50-day moving average is $8.67 and its 200 day moving average is $7.38.

Insider Activity

In other Heritage Insurance news, Director Paul L. Whiting bought 20,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was purchased at an average cost of $8.14 per share, for a total transaction of $162,800.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $162,800. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 3,800 shares of company stock worth $28,943. Insiders own 11.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on HRTG. StockNews.com raised Heritage Insurance from a “hold” rating to a “buy” rating in a research report on Thursday, March 21st. Truist Financial lifted their price objective on Heritage Insurance from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Piper Sandler reaffirmed a “neutral” rating and set a $9.00 price objective on shares of Heritage Insurance in a research report on Monday, April 1st. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Heritage Insurance in a research report on Monday, April 15th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.00.

About Heritage Insurance

Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential insurance in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; commercial residential insurance for properties in Florida, New Jersey, and New York; and licensed in the state of Pennsylvania, as well as personal residential and wind-only property insurance.