Heritage Insurance Holdings, Inc. (NYSE:HRTG) property and casualty insurance firm, is reporting third quarter earnings results on Monday 2nd November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.6 per share.
For the full year, analysts predict revenues of $ 551.22 million, while looking forward to income of $ 0.31 per share.
Previous Quarter Performance
Heritage Insurance Holdings, Inc. recorded income for the second quarter of $ 0.15 per share, from the revenue of $ 129.06 million. The quarterly revenues escalated 7.89 percent compared with the same quarter last year. The consensus estimates are income of $ 0.02 per share from $ 131.42 million in revenue. The top line results fell short of analysts by $ 2.36 million or 1.8 percent.
Stock Performance
On Friday, shares of Heritage Insurance Holdings, Inc. has traded high as $ 9.70 and has cracked $ 9.38 on the downward trend, reaching $ 9.44 with volume of 84.90 thousand shares.
According to the previous trading day, closing price of $ 9.44, representing a 28.80 % increase from the 52 week low of $ 7.50 and a 37.72 % decrease over the 52 week high of $ 15.51.
The company has a market capital of $ 264.87 million and is part of the Financial Services sector and Insurance – Property & Casualty industry.
Recent Stock Dividend Announcement
On August 3, 2020, the board of directors authorized quarterly dividend of $ 0.06 per share to holders of record as of the close of business on September 15, 2020, with payment date of October 2, 2020 and ex-dividend date on September 14, 2020.
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. As of December 31, 2018, it had approximately 512,793 personal residential policies and 3,000 commercial residential policies.
