Heritage Insurance (NYSE:HRTG) will be releasing its earnings data after the market closes on Thursday, August 1st. Analysts expect Heritage Insurance to post earnings of $0.38 per share for the quarter.

Heritage Insurance (NYSE:HRTG) last posted its earnings results on Monday, May 6th. The insurance provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.16. The firm had revenue of $118.26 million during the quarter, compared to analyst estimates of $117.24 million. Heritage Insurance had a net margin of 3.97% and a return on equity of 6.70%. On average, analysts expect Heritage Insurance to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of NYSE:HRTG traded up $0.13 during trading on Tuesday, hitting $13.45. 2,684 shares of the stock traded hands, compared to its average volume of 158,622. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $400.33 million, a P/E ratio of 9.72 and a beta of 0.78. The business’s fifty day simple moving average is $15.12. Heritage Insurance has a 52-week low of $12.85 and a 52-week high of $17.64.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Thursday, June 13th. Heritage Insurance’s dividend payout ratio (DPR) is 17.39%.

Several research firms have recently weighed in on HRTG. Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. ValuEngine raised shares of Worldline from a “hold” rating to a “buy” rating in a report on Tuesday, July 23rd. JMP Securities raised shares of Heritage Insurance from a “market perform” rating to an “outperform” rating and set a $19.00 target price for the company in a report on Tuesday, May 14th. Finally, Sandler O’Neill lowered shares of Heritage Insurance from a “buy” rating to a “hold” rating and cut their target price for the company from $18.00 to $17.00 in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $17.38.

In related news, CFO Kirk Lusk purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were purchased at an average price of $14.33 per share, with a total value of $71,650.00. Following the purchase, the chief financial officer now owns 128,331 shares of the company’s stock, valued at $1,838,983.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.00% of the stock is currently owned by company insiders.

Heritage Insurance Company Profile

Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential property insurance for single-family homeowners and condominium owners; rental property insurance; and commercial residential insurance in Alabama, Connecticut, Florida, Georgia, Hawaii, Massachusetts, New York, New Jersey, North Carolina, Rhode Island, and South Carolina, as well as residential wind-only property insurance.

See Also: Cost of Goods Sold (COGS)

Earnings History for Heritage Insurance (NYSE:HRTG)

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