Assured Guaranty (AGO) Announces Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Assured Guaranty (NYSE:AGO) posted its quarterly earnings data on Thursday. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.71 by $0.06, reports. Assured Guaranty had a net margin of 45.38% and a return on equity of 10.59%. During the same quarter last year, the company earned $1.05 EPS.

Shares of Assured Guaranty (NYSE:AGO) traded down $0.73 during trading on Thursday, reaching $37.19. 1,283,394 shares of the company’s stock traded hands, compared to its average volume of 1,187,457. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $4,450.00, a PE ratio of 5.34 and a beta of 1.43. Assured Guaranty has a twelve month low of $32.97 and a twelve month high of $45.73.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th will be paid a dividend of $0.16 per share. The ex-dividend date is Tuesday, March 6th. This represents a $0.64 annualized dividend and a yield of 1.72%. This is a positive change from Assured Guaranty’s previous quarterly dividend of $0.14. Assured Guaranty’s payout ratio is presently 8.19%.

Assured Guaranty declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 2nd that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Several research firms recently commented on AGO. ValuEngine lowered shares of Assured Guaranty from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. BTIG Research reissued a “buy” rating and set a $50.00 price objective on shares of Assured Guaranty in a research note on Tuesday, February 6th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $47.00 price objective on shares of Assured Guaranty in a research note on Wednesday, December 20th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $48.00.

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About Assured Guaranty

Assured Guaranty Ltd. is a holding company. The Company, through its subsidiaries, provides credit protection products to the United States and international public finance, including infrastructure, and structured finance markets. It applies its credit underwriting judgment, risk management skills and capital markets experience primarily to offer financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments.

Earnings History for Assured Guaranty (NYSE:AGO)

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