Heritage Insurance (HRTG) Set to Announce Earnings on Wednesday

Heritage Insurance (NYSE:HRTG - Get Free Report) will issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.61 per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Heritage Insurance (NYSE:HRTG - Get Free Report) last released its quarterly earnings data on Monday, March 11th. The insurance provider reported $1.15 EPS for the quarter, topping the consensus estimate of $0.45 by $0.70. Heritage Insurance had a net margin of 6.16% and a return on equity of 26.69%. The company had revenue of $186.97 million during the quarter, compared to the consensus estimate of $185.11 million. On average, analysts expect Heritage Insurance to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Heritage Insurance Stock Performance

HRTG stock traded up $0.29 during midday trading on Wednesday, reaching $10.49. 341,236 shares of the company's stock traded hands, compared to its average volume of 399,579. Heritage Insurance has a 52 week low of $3.15 and a 52 week high of $11.23. The company has a 50-day moving average price of $8.76 and a two-hundred day moving average price of $7.40. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market capitalization of $317.00 million, a PE ratio of 6.10 and a beta of 0.90.

Insider Activity at Heritage Insurance

In related news, Director Paul L. Whiting acquired 20,000 shares of the firm's stock in a transaction dated Thursday, March 14th. The shares were purchased at an average price of $8.14 per share, for a total transaction of $162,800.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at $162,800. The purchase was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 3,800 shares of company stock valued at $28,943. Insiders own 11.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HRTG shares. StockNews.com raised Heritage Insurance from a "hold" rating to a "buy" rating in a research note on Thursday, March 21st. Piper Sandler reiterated a "neutral" rating and set a $9.00 price target on shares of Heritage Insurance in a research report on Monday, April 1st. Truist Financial boosted their price objective on Heritage Insurance from $9.00 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, March 13th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Heritage Insurance in a report on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.00.

Heritage Insurance Company Profile

Heritage Insurance Holdings, Inc, through its subsidiaries, provides personal and commercial residential insurance products. The company offers personal residential insurance in Alabama, California, Connecticut, Delaware, Florida, Georgia, Hawaii, Maryland, Massachusetts, Mississippi, New Jersey, New York, North Carolina, Rhode Island, South Carolina, and Virginia; commercial residential insurance for properties in Florida, New Jersey, and New York; and licensed in the state of Pennsylvania, as well as personal residential and wind-only property insurance.