Stewart Information Services (NYSE:STC) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $3.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.96. The company issued revenue guidance of $818.8 million, compared to the consensus revenue estimate of $672.80 million.
Separately, Zacks Investment Research cut shares of Stewart Information Services from a buy rating to a hold rating in a research report on Friday, July 2nd.
Shares of STC stock traded up $1.95 on Thursday, reaching $58.17. 5,725 shares of the company were exchanged, compared to its average volume of 110,741. The stock has a market capitalization of $1.56 billion, a P/E ratio of 7.68 and a beta of 1.06. The firm has a 50-day simple moving average of $57.98. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 0.12. Stewart Information Services has a one year low of $36.42 and a one year high of $62.44.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Monday, June 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.27%. Stewart Information Services’s dividend payout ratio (DPR) is presently 20.79%.
Stewart Information Services Company Profile
Stewart Information Services Corporation, through its subsidiaries, provides title insurance and real estate transaction services. The company operates in two segments, Title Insurance and Related Services, and Ancillary Services and Corporate. The Title Insurance and Related Services segment is involved in searching, examining, closing, and insuring the condition of the title to real property.
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