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

Genworth Financial (NYSE:GNW) announced its earnings results on Tuesday. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.14), RTT News reports. Genworth Financial had a net margin of 1.19% and a return on equity of 0.31%. During the same quarter last year, the business posted ($0.51) earnings per share.

Genworth Financial Price Performance

Shares of NYSE:GNW traded up $0.04 during midday trading on Tuesday, hitting $7.33. The company’s stock had a trading volume of 5,479,319 shares, compared to its average volume of 3,855,301. The business’s 50 day simple moving average is $7.12 and its 200 day simple moving average is $7.02. 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 cap of $3.13 billion, a P/E ratio of 34.88 and a beta of 1.00. Genworth Financial has a 12-month low of $5.67 and a 12-month high of $7.90.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of 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.