Genworth Financial (NYSE:GNW) Releases Earnings Results, Misses Expectations By $0.14 EPS

Genworth Financial (NYSE:GNW) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14), RTT News reports. Genworth Financial had a net margin of 4.10% and a return on equity of 2.98%. The firm had revenue of $1.82 billion during the quarter. During the same period in the previous year, the firm earned ($0.51) earnings per share.

Genworth Financial Stock Down 1.1 %

Genworth Financial stock opened at $6.67 on Thursday. Genworth Financial has a fifty-two week low of $5.67 and a fifty-two week high of $7.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $2.85 billion, a P/E ratio of 9.80 and a beta of 1.00. The stock has a 50-day simple moving average of $7.11 and a 200-day simple moving average of $7.02.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Genworth Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th.

Genworth Financial Company Profile

Genworth Financial, Inc, together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products.