Assured Guaranty Ltd. (NYSE:AGO) is set to announce third quarter earning results on Thursday 5th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, AGO to report 3Q20 income of $ 0.66 per share.
For the full year, analysts anticipate top line of $ 827.50 million, while looking forward to income of $ 2.91 per share bottom line.
Previous Quarter Performance
Assured Guaranty Ltd. revealed income for the second quarter of $ 1.36 per share, from the revenue of $ 121.00 million. According to street consensus, AGO was expected to report 2Q20 income of $ 0.69 per share from revenue of $ 215.20 million. The bottom line results beat street analysts by $ 0.67 or 97.10 percent, at the same time, top line results fell short of analysts by $ 94.2 million or 43.77 percent.
Stock Performance
Shares of Assured Guaranty Ltd. traded low $ -1.77 or -6.30 percent on Wednesday, reaching $ 26.32 with volume of 929.50 thousand shares. Assured Guaranty Ltd. has traded high as $ 27.54 and has cracked $ 26.24 on the downward trend
The closing price of $ 26.32, representing a 105.94 % increase from the 52 week low of $ 13.64 and a 44.67 % decrease over the 52 week high of $ 50.77.
The company has a market capital of $ 2.20 billion and is part of the Financial Services sector and Insurance – Specialty industry.
Recent Stock Dividend Announcement
On August 5, 2020, the board of directors authorized quarterly dividend of $ 0.20 per share to holders of record as of the close of business on August 19, 2020, with payment date of September 2, 2020 and ex-dividend date on August 18, 2020.
Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. It offers financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments. The company insures various debt obligations, including bonds issued by the United States state or municipal governmental authorities; and notes issued to finance infrastructure projects.
