HCI Group (HCI) Set to Announce Quarterly Earnings on Thursday

HCI Group (NYSE:HCI) is set to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

HCI Group (NYSE:HCI) last posted its quarterly earnings results on Thursday, August 8th. The insurance provider reported $4.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.58 by $0.63. The company had revenue of $206.25 million for the quarter, compared to analyst estimates of $196.67 million. HCI Group had a return on equity of 44.01% and a net margin of 21.63%. During the same quarter last year, the company earned $1.22 EPS. On average, analysts expect HCI Group to post $6 EPS for the current fiscal year and $13 EPS for the next fiscal year.

HCI Group Price Performance

HCI stock opened at $115.37 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.44 and a quick ratio of 0.44. The firm has a market capitalization of $1.21 billion, a P/E ratio of 9.02 and a beta of 1.12. The business’s 50-day moving average is $107.12 and its two-hundred day moving average is $100.31. HCI Group has a 1 year low of $61.23 and a 1 year high of $124.00.

HCI Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 15th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Friday, November 15th. HCI Group’s dividend payout ratio is currently 12.51%.

Wall Street Analysts Forecast Growth

HCI has been the topic of several research analyst reports. JMP Securities reissued a “market outperform” rating and set a $145.00 target price on shares of HCI Group in a research report on Tuesday, October 15th. Compass Point reissued a “neutral” rating and set a $120.00 target price (up previously from $119.00) on shares of HCI Group in a research report on Monday, October 21st. Finally, StockNews.com lowered HCI Group from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

HCI Group Company Profile

HCI Group, Inc, together with its subsidiaries, engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners, fire, flood, and wind-only insurance to homeowners, condominium owners, and tenants for properties, as well as offers reinsurance programs.