Genworth Financial Inc (GNW) Releases Earnings Results, Beats Expectations By $0.06 EPS

Genworth Financial Inc (GNW) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.21 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.15. The company posted revenue of $1785.00 million in the period, compared to analysts expectations of $2150.82 million. The company’s revenue was down -16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on Genworth Financial Inc. Shares were Reiterated by Compass Point on Feb 8, 2016 to “Buy” and Lowered the Price Target to $ 5.50 from a previous price target of $7.50 .

Genworth Financial Inc opened for trading at $2.93 and hit $3.03 on the upside on Wednesday, eventually ending the session at $2.95, with a gain of 0.34% or 0.01 points. The heightened volatility saw the trading volume jump to 79,44,198 shares. Company has a market cap of $1,469 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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