Hippo (HIPO) to Release Quarterly Earnings on Thursday

Hippo (NYSE:HIPO) is scheduled to be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of ($1.41) per share for the quarter. Hippo has set its FY 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Hippo (NYSE:HIPO) last released its quarterly earnings data on Wednesday, March 6th. The company reported ($1.76) EPS for the quarter, beating the consensus estimate of ($2.04) by $0.28. Hippo had a negative return on equity of 61.14% and a negative net margin of 130.19%. The company had revenue of $64.50 million for the quarter, compared to analyst estimates of $57.00 million. On average, analysts expect Hippo to post $-4 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Hippo Price Performance

NYSE:HIPO opened at $21.45 on Wednesday. The business’s 50-day moving average is $18.61 and its two-hundred day moving average is $12.24. Hippo has a 12 month low of $6.64 and a 12 month high of $25.49. The firm has a market capitalization of $521.45 million, a PE ratio of -1.85 and a beta of 1.57.

Insider Activity

In related news, CRO Yuval Harry sold 14,938 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $17.20, for a total value of $256,933.60. Following the completion of the sale, the executive now directly owns 145,162 shares in the company, valued at $2,496,786.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CRO Yuval Harry sold 14,938 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $17.20, for a total value of $256,933.60. Following the completion of the sale, the executive now directly owns 145,162 shares in the company, valued at $2,496,786.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anirudh Badia sold 1,735 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $18.39, for a total transaction of $31,906.65. Following the completion of the sale, the chief accounting officer now owns 122,454 shares of the company’s stock, valued at $2,251,929.06. The disclosure for this sale can be found here. 11.28% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, JMP Securities reissued a “market outperform” rating and issued a $25.00 price objective on shares of Hippo in a report on Monday, April 15th.

Hippo Company Profile

Hippo Holdings Inc provides property and casualty insurance products to individuals and business customers primarily in the United States. The company operates through three segments: Services, Insurance-as-a-Service, and Hippo Home Insurance Program. Its insurance products include homeowners' insurance against risks of fire, wind, and theft, as well as other personal lines policies from third party carriers; and personal and commercial, as well as home, auto, cyber, small business, life, specialty lines, and other insurance products.