Assurant (AIZ) Set to Announce Quarterly Earnings on Tuesday

Assurant (NYSE:AIZ) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $3.93 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Assurant (NYSE:AIZ) last released its earnings results on Tuesday, February 6th. The financial services provider reported $4.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.88. Assurant had a net margin of 5.77% and a return on equity of 18.36%. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.78 billion. On average, analysts expect Assurant to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Assurant Price Performance

Shares of NYSE:AIZ opened at $176.08 on Monday. The company has a market capitalization of $9.15 billion, a P/E ratio of 14.70, a P/E/G ratio of 2.23 and a beta of 0.53. Assurant has a 1-year low of $118.45 and a 1-year high of $189.48. The firm’s 50 day simple moving average is $178.76 and its two-hundred day simple moving average is $170.16. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.41 and a quick ratio of 0.41.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AIZ. UBS Group upped their target price on shares of Assurant from $191.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, February 12th. Piper Sandler increased their target price on Assurant from $195.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Finally, Keefe, Bruyette & Woods downgraded Assurant from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $170.00 to $182.00 in a research note on Monday, February 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Assurant currently has an average rating of “Moderate Buy” and a consensus target price of $199.25.

Assurant Company Profile

Assurant, Inc, together with its subsidiaries, provides business services that supports, protects, and connects consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, commercial equipment, and other related services.