Heritage Insurance Holdings, Inc. (NYSE:HRTG) is set to announce second quarter earning results on Monday 3rd August 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, HRTG to report 2Q20 income of $ 0.02 per share.
For the full year, analysts anticipate top line of $ 539.88 million, while looking forward to income of $ 1.19 per share bottom line.
Previous Quarter Performance
Heritage Insurance Holdings, Inc. recorded income for the first quarter of $ 0.27 per share, from the revenue of $ 126.01 million. The quarterly earnings elevated 28.57 percent while revenues enlarged 7.54 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.23 per share from $ 127.39 million in revenue. The bottom line results beat street analysts by $ 0.04 or 17.39 percent, at the same time, top line results fell short of analysts by $ 1.38 million or 1.08 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of HRTG was $ 11.87, representing a 58.27 % increase from the 52 week low of $ 7.50 and a 23.96 % decrease over the 52 week high of $ 15.61.
The company has a market capital of $ 334.88 million and is part of the Financial Services sector and Insurance – Property & Casualty industry.
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Recent Stock Dividend Announcement
On May 4, 2020, the board of directors authorized quarterly dividend of $ 0.06 per share to holders of record as of the close of business on June 15, 2020, with payment date of July 6, 2020 and ex-dividend date on June 12, 2020.
Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential property insurance for single-family homeowners and condominium owners; rental property insurance; and commercial residential insurance in Alabama, Connecticut, Florida, Georgia, Hawaii, Massachusetts, New York, New Jersey, North Carolina, Rhode Island, and South Carolina, as well as residential wind-only property insurance. As of December 31, 2018, it had approximately 512,793 personal residential policies and 3,000 commercial residential policies.
