Genworth Financial (GNW) Earning Somewhat Positive News Coverage, Report Finds
News stories about Genworth Financial (NYSE:GNW) have been trending somewhat positive on Wednesday, according to Accern. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Genworth Financial earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 44.9090536494537 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- ETFs with exposure to Genworth Financial, Inc. : October 10, 2017 (finance.yahoo.com)
- Stocks Taking Toll on Performance Valuation: Genworth Financial, Inc. (NYSE:GNW) – NASDAQ Times (nasdaqtimes.com)
- Help wanted: Staff shortages under Trump slow policy changes (finance.yahoo.com)
- North Carolina Regulator Approves Proposed Oceanwide Acquisition of Genworth’s NC-Domiciled Insurance Companies – Markets Insider (markets.businessinsider.com)
GNW has been the topic of several research reports. Off Wall Street initiated coverage on Genworth Financial in a research note on Monday, September 11th. They set a “buy” rating on the stock. Zacks Investment Research upgraded Genworth Financial from a “hold” rating to a “buy” rating and set a $4.00 price objective on the stock in a research note on Tuesday, September 5th. ValuEngine upgraded Genworth Financial from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Wells Fargo & Company restated a “hold” rating on shares of Genworth Financial in a research note on Tuesday, August 1st. Finally, BidaskClub upgraded Genworth Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $4.27.
Shares of Genworth Financial (GNW) traded down 1.175% during mid-day trading on Wednesday, reaching $3.785. The company’s stock had a trading volume of 1,183,473 shares. Genworth Financial has a 12 month low of $3.12 and a 12 month high of $5.27. The company has a 50 day moving average price of $3.65 and a 200 day moving average price of $3.69. The stock’s market capitalization is $1.89 billion.
Genworth Financial (NYSE:GNW) last released its earnings results on Tuesday, August 1st. The financial services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. Genworth Financial had a negative return on equity of 1.63% and a negative net margin of 1.66%. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the business earned $0.39 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts anticipate that Genworth Financial will post $1.03 earnings per share for the current fiscal year.
About Genworth Financial
Genworth Financial, Inc (Genworth) is a financial security company. The Company provides insurance, wealth management, investment and financial solutions. As of December 31, 2011, the Company had more than 15 million customers, with a presence in more than 25 countries. The Company operates in Insurance, Mortgage Insurance and Corporate and Runoff.
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