TWFG (NASDAQ:TWFG) Releases Earnings Results, Misses Expectations By $0.01 EPS

Key Points

• TWFG reported earnings per share (EPS) of $0.17 for the quarter, falling short of analysts' expectations of $0.18 by $0.01.
• The stock price of TWFG traded down to $26.76 after the earnings announcement, with a market capitalization of $1.50 billion.
• Analysts have a mixed outlook on TWFG, with an average rating of "Moderate Buy" and a target price of $35.57, reflecting four hold ratings and five buy ratings from research reports.

TWFG (NASDAQ:TWFG - Get Free Report) announced its earnings results on Tuesday. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.01), Zacks reports. TWFG had a net margin of 5.15% and a return on equity of 9.60%.

TWFG Price Performance

TWFG stock traded down $0.39 during midday trading on Tuesday, reaching $26.76. The company had a trading volume of 97,434 shares, compared to its average volume of 91,990. The company has a market capitalization of $1.50 billion and a price-to-earnings ratio of 2.48. The stock has a 50 day moving average price of $33.07 and a 200-day moving average price of $31.97. TWFG has a 1-year low of $23.64 and a 1-year high of $36.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 124.50 and a quick ratio of 124.50.

Wall Street Analyst Weigh In

TWFG has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of TWFG from $33.00 to $34.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Morgan Stanley boosted their target price on shares of TWFG from $29.00 to $34.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, UBS Group boosted their target price on shares of TWFG from $40.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, TWFG presently has an average rating of "Moderate Buy" and an average target price of $35.57.

About TWFG

TWFG, Inc operates an independent distribution platform for personal and commercial insurance products in the United States. Its personal and commercial insurance products include auto, home, renters, life, health, motorcycle, umbrella, boat, recreational vehicle, flood, wind, event, luxury item, general liability, property, business auto, workers' compensation, business owner policy, and professional liability insurance products, as well as commercial bonds and group benefits.

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