FY2016 Earnings Forecast for Emergent Capital Inc. (EMG) Issued By FBR & Co
Emergent Capital Inc. (NYSE:EMG) – Equities research analysts at FBR & Co reduced their FY2016 earnings per share (EPS) estimates for Emergent Capital in a report issued on Tuesday. FBR & Co analyst B. Ramsey now forecasts that the firm will earn ($1.36) per share for the year, down from their previous forecast of ($0.95). FBR & Co has a “Buy” rating and a $4.00 price objective on the stock. FBR & Co also issued estimates for Emergent Capital’s Q4 2016 earnings at ($0.42) EPS, Q1 2017 earnings at ($0.28) EPS, Q2 2017 earnings at ($0.23) EPS, Q3 2017 earnings at ($0.13) EPS and FY2017 earnings at ($0.60) EPS.
Several other equities research analysts have also weighed in on EMG. Zacks Investment Research lowered Emergent Capital from a “hold” rating to a “sell” rating in a research note on Thursday. TheStreet lowered Emergent Capital from a “hold” rating to a “sell” rating in a research note on Monday, August 22nd.
Emergent Capital (NYSE:EMG) opened at 2.51 on Thursday. The stock’s 50 day moving average price is $2.79 and its 200 day moving average price is $3.48. Emergent Capital has a 12 month low of $2.40 and a 12 month high of $4.59.
Emergent Capital (NYSE:EMG) last issued its quarterly earnings results on Monday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by $0.14. Emergent Capital had a negative net margin of 80.76% and a negative return on equity of 12.57%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp increased its position in shares of Emergent Capital by 1.3% in the third quarter. Northern Trust Corp now owns 45,759 shares of the company’s stock valued at $134,000 after buying an additional 604 shares during the last quarter. Context Capital Management LLC acquired a new position in shares of Emergent Capital during the second quarter valued at approximately $469,000. K2 Principal Fund L.P. acquired a new position in shares of Emergent Capital during the second quarter valued at approximately $1,142,000. TIG Advisors LLC acquired a new position in shares of Emergent Capital during the second quarter valued at approximately $1,170,000. Finally, Keane Capital Partners LLC acquired a new position in shares of Emergent Capital during the first quarter valued at approximately $1,305,000. 54.21% of the stock is currently owned by institutional investors and hedge funds.
About Emergent Capital
Emergent Capital, Inc, formerly Imperial Holdings, Inc, is a specialty finance company that invests in asset classes, primarily life settlements. The Company, through its subsidiary companies, owns a portfolio of approximately 630 life insurance policies (life settlements). The Company purchases individual policies and portfolios of life insurance policies and manages those assets based on actuarial and market data.
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