Genworth Financial Inc (GNW) Releases Earnings Results, Beats Expectations By $0.19 EPS

Genworth Financial Inc (GNW) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.39 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.19. Analysts had a consensus of $0.20. The company posted revenue of $2236.00 million in the period, compared to analysts expectations of $2148.21 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Genworth Financial Inc. Shares were Reiterated by Compass Point on May 5, 2016 to “Buy” and Lowered the Price Target to $ 5.25 from a previous price target of $5.50 .

Genworth Financial Inc opened for trading at $2.82 and hit $2.86 on the upside on Friday, eventually ending the session at $2.86, with a gain of 1.42% or 0.04 points. The heightened volatility saw the trading volume jump to 93,27,379 shares. Company has a market cap of $1,426 M.

In a different news, on Sep 2, 2015, Thomas J Mcinerney (CEO) purchased 30,000 shares at $5.21 per share price. According to the SEC, on Aug 26, 2015, Michael S Laming (EVP – Human Resources) purchased 25,000 shares at $4.50 per share price. On Aug 26, 2015, James A Parke (director) purchased 50,000 shares at $4.51 per share price, according to the Form-4 filing with the securities and exchange commission.

Genworth Financial Inc. is engaged in providing the insurance retirement and homeownership needs of its customers. The Company operates through three divisions: U.S. Life Insurance Global Mortgage Insurance and Corporate and Other. The Company operates in segments: U.S. Life Insurance in which it offers and manages a variety of insurance and fixed annuity products in the United States; International Mortgage Insurance in which it provides mortgage insurance products and related services in Canada and Australia and also in select European and other countries; U.S. Mortgage Insurance in which it offers mortgage insurance products predominantly insuring prime-based individually underwritten residential mortgage loans; International Protection in which it provides payment protection coverages and Runoff which includes the results of non-strategic products which are no longer actively sold.

Genworth Financial Inc

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