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

HCI Group (NYSE:HCI) is projected to announce its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of ($2.75) per share and revenue of $175.11 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

HCI Group Price Performance

HCI opened at $118.67 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market capitalization of $1.25 billion, a P/E ratio of 9.91 and a beta of 1.12. The company’s 50-day simple moving average is $118.34 and its two-hundred day simple moving average is $111.44. HCI Group has a 52-week low of $83.64 and a 52-week high of $126.50.

HCI Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, February 21st will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, February 21st. HCI Group’s payout ratio is currently 13.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Oppenheimer upped their price target on shares of HCI Group from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Truist Financial reaffirmed a “buy” rating and set a $145.00 price target on shares of HCI Group in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $140.00.

About HCI Group

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.