Stewart Information Services Corp (STC) Releases Earnings Results, Misses Expectations By $-0.28 EPS

Stewart Information Services Corp (STC) reported quarterly earnings results on Thursday, Apr-21-2016. The company reported $-0.48 earnings per share for the quarter, missing the analyst consensus estimate by $-0.28. Analysts had a consensus of $-0.20. The company posted revenue of $438.20 million in the period, compared to analysts expectations of $416.48 million. The company’s revenue was down -2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Many Wall Street Analysts have commented on Stewart Information Services Corp. Shares were Reiterated by FBR Capital on Feb 12, 2016 to “Mkt Perform” and Lowered the Price Target to $ 37 from a previous price target of $42 .

Stewart Information Services Corp opened for trading at $33.98 and hit $34.36 on the upside on Monday, eventually ending the session at $34.35, with a gain of 0.15% or 0.05 points. The heightened volatility saw the trading volume jump to 49,717 shares. Company has a market cap of $802 M.

In a different news, on Dec 17, 2015, Glenn H Clements (Group President-Direct Ops) sold 2,000 shares at $37.69 per share price. According to the SEC, on Oct 26, 2015, Laurie C Moore (director) sold 15,000 shares at $41.16 per share price. On Aug 10, 2015, John L Killea (Chief Legal Officer) sold 700 shares at $40.23 per share price, according to the Form-4 filing with the securities and exchange commission.

Stewart Information Services Corporation is a title insurance and real estate services company. The Company offers its products and services through its direct operations network of approved agencies and other companies within the Stewart family of companies. It also provides loan origination and servicing support; loan review services; loss mitigation; Real estate owned (REO) asset management; collateral valuations; due diligence for capital markets; home and personal insurance services; tax-deferred exchanges and technology to streamline the real estate process. The Company operates through three segments: title insurance and related services mortgage services and corporate. The Company’s customers include homebuyers and sellers residential and commercial real estate professionals mortgage lenders and servicers title agencies and real estate attorneys home builders and the United States and county governments.

Stewart Information Services Corp

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